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Synalogik Receives Queen’s Award for Innovation from HRH the Duke of Gloucester
SYNALOGiK, a leading provider of data aggregation, automation and risk identification software solutions for compliance and fraud investigations, yesterday held their Queen’s Award for Innovation Presentation Ceremony at Hub8 in Cheltenham. The award trophy was presented by HRH Prince Richard, the Duke of Gloucester.
The innovation award was given due to their data aggregation platform, Scout®, and its contribution to fighting financial crime and helping organisations with regulatory compliance across both the public and private sector. Since its creation in 2018, Scout® has quickly gained clients across the gambling, insurance, banking, legal and public sector; including Entain Plc, Buzz Bingo, Betway, Hastings Direct, AIG Life and various Government agencies. It is used by 25% of the gambling industry, (by operator revenue), offering the first ever automated enhanced due diligence data aggregation and reporting solution.
Gareth Mussell, CEO at Synalogik, said: “It is an honour to receive such a prestigious award as the Queen’s Award for Innovation. I am immensely proud that our solution is being used to identify, investigate and detect criminality in a number of industries across the world.
The award is an outstanding achievement for the team, it clearly highlights their hard work and commitment over the past three years.
2022 has been a huge year for us, we started the year with new investment, our team has doubled in size, and we have opened a new office in Chester. Our product roadmap is extremely exciting, and we are looking forward to launching new functionality over the coming months.”