- Fraud & Exception DetectionIdentify mismatched or suspicious cheques during reconciliation to prevent losses and strengthen compliance.
- Automated Oversight & EfficiencyStreamline reconciliation with automated matching, exception reporting and analytics that reduce manual work and accelerate financial close.
Cheque Processing
- Integrated Efficiency
Support both image and paper cheque workflows on one trusted platform-no costly upgrades required.
- Visibility & ControlGain end-to-end oversight across cheque capture, processing and delivery while reducing vendor overhead.
Remittance Services
Digitize incoming payments and accelerate A/R workflows with our image-enabled lockbox- Accelerated Cash FlowQuickly convert paper payments into digital files and post to A/R systems to free up working capital.
- Seamless IntegrationDeliver structured remittance data ready for ingestion into accounting platforms, reducing delays and errors.
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- Compliance Made SimpleRetain cheque images and metadata for seven years, meeting audit and regulatory requirements without physical storage.
- Flexible AccessRetrieve records instantly through secure APIs or portals, lowering storage costs and supporting oversight.
COR.PAY supports secure, scalable payment workflows. From cheque intake to verification and reconciliation, we help clients reduce costs and improve efficiency.
Minimize risk while maximizing operational accuracy.
350M+
cheques handled annually
$37M
fraud-related savings
$55M
duplicate item prevention
57K
misreads corrected
$2 Million in Fraud Detected with Symcor’s COR.PAY IAR Solution
Symcor's COR.PAY IAR service transformed high-volume payment security and reconciliation, automating image-based fraud detection to safeguard client funds and operations, resulting in over $2 million in fraud prevented for a large Canadian organization.
$2 Million
Detected and prevented in fraudulent cheques.
350M+
Cheques processed annually.
7,000+
Canadian businesses protected through reconciliation and lockbox services.
Solutions Used
- COR.PAY
Ensuring Payments Continuity During Outage
When a sudden outage halted Canada’s retail batch payment ecosystem, Symcor acted as a stability partner for direct clearers - delivering mission-critical financial services.
Zero Customer Impact
Uninterrupted payment processing for clients ensured seamless operations even amid disruptions.
Timely and Accurate Setteement
Manual reconcillation of $23 million in transactions upheld financial integrity.
Solutions Used
- COR.PAY
Modernizing Secure Communications
A Tier 1 bank struggled with manual processes, rising operational costs and increasing regulatory pressure. By digitizing key workflows with COR.CCX, the bank reduced processing time, improved compliance and significantly lowered its carbon footprint by minimizing print and mail volume.
50%
Reduction in manual processing time, increasing operational efficiency.
30%
Cost savings by optimizing print and digital distribution.
Solutions Used
- Print Central
- Policy Assist
Evolving Customer Communications
A Tier 1 bank sought to modernize legacy communications by offering electronic versions of printed materials while ensuring accessibility for visually impaired customers.
70 Million
impressions were converted to digital.
1st
This bank became the first to offer digital, accessible tax documents in PDF/UA format across the entire FI industry.
Solutions Used
- Automate
Achieving Carbon and Cost Efficiencies
A Tier 1 bank sought to modernize legacy communications by offering electronic versions of printed materials while ensuring accessibility for visually impaired customers.
70 Million
impressions were converted to digital.
40%
impressions were converted to digital.
Solutions Used
- Secure Payments
