Synalogik Innovative Solutions has kicked off the new year with a seven-figure investment round led by former Sportingbet owner Mark Blandford.

Since 2018, Synalogik has provided its AML, KYC and compliance solutions into the gambling, insurance and banking sectors. Its headline product, Scout, allows customers to integrate a variety of different data sets as part of one automated workflow that can review individual or “bulk uploads” of cases.

Through cutting-edge data analytics, robot process automation and risk assessment engines, Scout brings efficiencies to any business; reducing the need to contact customers for documentation and lessening the number of errors seen through using 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,” Blandford said.

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