Business data, insights, analytics specialist, Graydon has won a prize for Outstanding Fraud Consultants at the inaugural Tackling Economic Crime Awards (TECAs)
Graydon’s Business Intelligence Unit is responsible for investigating and detecting potentially fraudulent and suspect companies who have applied for trade credit. The unit was established over 20 years ago and is led by Graydon’s Head of Intelligence Alan Norton. Every day, fraudsters are becoming increasingly sophisticated and their methods are constantly evolving.
As the jury report mentioned: “At a time when organisations are increasingly targeted by fraud, the team provides a crucial service to Graydon clients across the UK. The unit’s work was recognised in the Chartered Institute of Credit Management Awards in 2018. Each year, the Unit’s workload is increasing. In the last five years, the average value of fraudulent transactions identified and investigated by Graydon has soared by 58 percent!”
The awards are held in particularly high regard by the industry as they are endorsed and connected to one of the most authoritative voices on fraud: the University of Portsmouth’s Centre for Counter-Fraud Studies. Professor Martin Gill, Founder of the TECAs, commented: “The judging process is strict and robust; judges mark independently against a set of criteria, and they commit to declaring any conflict of interest. Each entry must achieve a fixed score threshold to become a finalist, ensuring consistent quality across the competition; which means all the finalists – individuals, teams and companies represent outstanding performance of the highest level.”
Simon Blackwell, Managing Director at Graydon UK. said “Graydon UK was shortlisted for the awards alongside some of the big industry names like PWC and Nationwide. This award underlines the fantastic work that our intelligence team does every day – saving our clients hundreds of thousands of pounds every week – and deservedly recognises our team as the best in the business. It puts us at the forefront of the industry, by creating solutions that help companies in the ongoing fight against economic crime and fraud.”