COR.IQ
Combat Fraud & Financial Crime with Intelligence and Precision
The industry’s only multi-bank fraud consortium, comprised of Canada’s largest banks to detect and prevent financial crime. Enhance operational efficiency while staying compliant and ahead of emerging fraud risks.
Explore the Power of COR.IQ

Cheque Fraud Solutions 

 

Stay ahead of evolving cheque fraud threats with real-time insights and multi-bank intelligence.
Stop threats early, improve efficiency, protect data and maintain customer trust.
  • Essential VerifyPowered by data from a consortium of Canada’s top FIs, Symcor’s batch fraud solution detects duplicates, suspicious government cheques, and cheque fraud related to account statuses.
  • Instant Verify
  • Image Verify
  • Bank of Account (BOA)
  • Verify Lite
Essential Verify
Electronic Payment Fraud ManagementStop fraud before it happens with real-time account verification.

Ensure your payments are directed to the intended recipient and authorized debits originate from legitimate accounts.


Payee Verify


Real-time account and name validation for electronic payments.

  • Instant Account VerificationConfirm account holder details for both payees and payors instantly.
  • Bank-Level Name MatchingMatch names against official bank records with advanced intelligence.
  • Deeper Risk InsightsAnalyze account-based insights including age, recent activity, and changes to address or name.
Anti-Money Laundering Risk Solutions
Address rising AML risks and costs by improving operational efficiency without compromising compliance.

Cheque Data Extraction


Automate manual cheque compilation to support AML reporting.

  • High-Accuracy Field ExtractionExtract key fields such as payer, payee, amount, date, and more using advanced document recognition and language models.
  • Fast, Flexible Data Access
    Enable account-level and date-range searches spanning up to 7 years of historical cheque data.
  • Compliance-Ready ReportingOrganize cheque data with images into ready-to-consume compliance reports.
  • Operational Efficiency at ScaleReduce manual effort, reduce operational costs, and accelerate AML workflows by up to 80%.
Precision Fraud Detection at Enterprise Scale

Leverage Canada’s only multi-bank fraud intelligence network, combined with proprietary data, advanced fraud models, to protect against evolving threats-without slowing operations.

Built for accuracy. Designed for speed.

$250M+

in confirmed cheque fraud detected annually

80%+

counterfeit cheques caught with consistent accuracy

25+

years as a trusted FI vendor with zero security breaches

80%

of Canadian cheques processed securely

Customer Success

Tackling Counterfeit Cheque Fraud for Banks

Symcor’s Image Verify solution, powered by COR.IQ, transformed cheque fraud detection-automating verification and reducing errors to deliver a trusted, scalable defence for Canada’s leading banks.

90%

Fraud detection accuracy.

$30 Million

Confirmed fraud detected.

Solutions Used

  • COR.IQ
View Case
Customer Success

Essential Verify’s business rules were enhanced to address a fast-emerging fraud trend.

Fraudulent activity had increased on Canada Savings Bond cheques, which are prone to fraud due to less rigid fund-holding policies that allow fraudsters to quickly withdraw deposited funds.

100%

Detection rate on fraudulent Canada Savings Bond cheques.

$600,000+

In confirmed fraud reported by Alliance members.

Solutions Used

  • Invalid Government Transit fraud marker
View Case
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