Synalogik Innovative Solutions has begun 2020 with a seven-figure investment round guided by former Sportingbet owner Mark Blandford.
Since 2018, the company has offered its AML, KYC and compliance solutions into the banking, insurance and gambling industries. Its front page product, Scout, allows customers to integrate various data sets as part of one automated workflow that’s capable of reviewing individual or large uploads of cases.
Through advanced data analytics, robot process automation and risk assessment mechanisms, Scout brings efficiencies to any firm; minimizing the need to reach out to customers for documentation and reducing the number of errors seen through utilizing manual assessment.
“In Mark we are thrilled to have a leading figure in the fintech and gambling sector, invest in and endorsing our company. These funds will allow us to bring the next generation of innovative products to the gambling sector and to support our global customers in achieving the highest levels of regulatory compliance,” Daniel White, Co-founder and spokesman for Synalogik, said.
“I was highly impressed when I first saw the Synalogik platform in action and I knew it was something I wanted to be involved in. The technology is great and the addressable markets are immense. The Synalogik team are highly capable, complimentary and I look forward to assisting them in reaching their true potential.”