Ramasis Ltd becomes latest member of Synectics Solutions SIRA fraud prevention community

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Ramasis Ltd becomes latest member of Synectics Solutions SIRA fraud prevention community

Ramasis Ltd becomes latest member of Synectics Solutions SIRA fraud prevention community.

Synectics Solutions is delighted to announce Ramasis Ltd as the latest client to become a member of the SIRA fraud prevention community. The UK insurer will now have the ability to leverage one of the UK’s largest fraud intelligence databases (National SIRA) to improve its fraud defences.

As one of the UK’s leading specialist insurance scheme providers, Ramasis Ltd has seen significant growth in its business due to the exponential growth in demand for motorcycles across the UK in recent years.

The signing of the SIRA contract represents an important step towards transforming the way the company combats and prevents the growing threat of various types of fraud from impacting its business as it continues its expansion.

This new addition to Synectics SIRA fraud prevention community reinforces the National SIRA consortium database as one of the leading sources of fraud prevention intelligence across multiple types of financial services across the UK.

Scott Forrester, Director at Ramasis Ltd, commented, “As an ever-developing company ourselves, our partnership with SIRA is another key progression in a constantly changing background within Insurance and Financial Services. Data Enrichment and Customer validation is as important as it’s ever been for any fast-paced environment involving Technology and E-Commerce Platforms.

Our commitment to anti-fraud and better customer outcomes is signified by the addition of SIRA to our partnership portfolio.”

Murray Raw, Head of Business Development at Synectics Solutions, commented, “I’m really pleased that Ramasis Ltd has become one of the latest members of the SIRA community. As a full member of the consortium, they’ll now have access to one of the UK’s most comprehensive fraud intelligence databases [in National SIRA] and that will certainly help them to create a much better fraud defence for their business as it grows.

“At Synectics, we see fraud on the increase across many areas of the insurance sector and our client base in this area has been rapidly growing as Underwriters, MGA’s, claims management companies - and other specialist insurers like Ramasis Ltd - have all been realising the benefits of having access to one of the UK’s most effective fraud defences.”

About Synectics Solutions

Synectics Solutions has been working with global financial institutions and data analysis organisations for over 27 years and is a recognised leader in the provision of fraud and financial crime risk analysis.

The solutions it provides are currently deployed across 16 countries around the world and are in operation 24/7 helping to protect the customers of many leading financial brands – and enabling them to make better decisions on financial risk.
Synectics has become widely known for its expertise in hosting and managing collaborative data solutions that are used in the critical infrastructure of multiple financial organisations and government departments.

This includes the National SIRA and National Fraud initiative services which have helped to provide around £4.8 Billion in savings for those who use these key services.

The company is fully ISO27001 certified, is a UK Government Specified Anti-Fraud Organisation, and has the infrastructure, expertise and experience required to carry out the many business-critical data solutions for the world’s most regulated organisations that it has become renowned for.

About Ramasis Ltd

Ramasis Ltd is a UK insurer providing products under different brands to all major UK comparison site, notably such as Confused.com.

As one of the largest niche insurers in the UK, the brand itself has several different arms to the business. This includes motorbike finance and insurance and also a motor finance broker arm. Ramasis Ltd has been providing motorbike insurance for 15 years, using a select group of underwriters to get customers the best available quotation and policy cover.

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Simon Booth

Murray Raw
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