News

Veritas: Fraud Monitoring with Artificial Intelligence - August 2017

Synectics announces the launch of its Veritas module which employs novel and cutting-edge machine learning techniques for fraud detection. Veritas complements the SafeGuard suite of products which offer a comprehensive set of preventive and monitoring tools for banking institutions to protect themselves against fraud.

Veritas is a Research Project co-funded by the European Regional Development Fund (ERDF), through the Grand Scheme for enhancing Entrepreneurial Innovation by the Ministry of Energy, Commerce Industry and Tourism.

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Synectics SafeChargeBack – Disputes Management system - July 2017

SafeChargeBack, Synectics' integrated Disputes Management system is currently being updated to comply with Visa's new Claims Resolution processes (Visa - VCR). The new version of SafeChargeBack will offer tight integration with VROL's RTSI (Visa Resolve Online - Real-Time Systems Interface) and new built-in Workflows achieving higher efficiency, effectiveness and accuracy in the Disputes Management process.

Third Phase of the SafeChargeBack deployment at Piraeus Banks S.A. Greece – June 2017

The Third Phase of the SafeChargeBack deployment at Piraeus Banks S.A. Greece has been deployed. This advanced functionality integrates SafeChargeBack directly with the Visa and MasterCard Clearing systems for greater automation, efficiency and consistency in Disputes handling.

 

Synectics & GPS cooperation continues - May 2017

Synectics cooperation with GPS resulted in another SafeGuard System implementation in the Kingdom of Bahrain. A leading international Islamic banking group which provides its unique services in countries with a population totaling around one billion, Al Baraka Islamic Bank B.S.C. (c) (ABIB) is now one of the Financial Institutions protected by Synectics Anti-Fraud System.

Deployment of MyLimitis system at Bahrain Islamic Bank – May 2017

BiSB Bahrain has successfully deployed Synectics' MyLimits system to achieve compliance with new regulation imposed by the Central Bank of Bahrain as well as offer competitive self-service capabilities to its card holding Customers.

 

MyLimits at Ithmaar Bank - April 2017

 Ithmaar Bank - Bahrain has successfully deployed Synectics' MyLimits system which allows Bank Cardholders to directly control and manage the usage of their Card products. Synectics' offering has allowed the Bank to comply with specific directives of the Central Bank of Bahrain quickly and efficiently while providing its Customers advanced self-service capabilities in managing their finances and the risks their Cards are exposed to.

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