Organised Fraud Detection | Network Analysis -Orion | Synectics Solutions
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Discover how we have helped solve our clients' challenges across a range of industries

Uncover previously hidden relationships in data

Discover hidden connections between individuals to help visually identify organised financial crime groups through link analysis.

Automated network building and continuous monitoring

Ensure your investigators are notified the moment suspicious organised crime activity starts to impact their business through a range of user configurable functions.

One of the most sophisticated and proven financial crime link analysis tools available today

Over £24 billion is under investigation each year within Orion networks and over 50,000 auto generated networks are produced, helping to prevent financial crime.

One of the most sophisticated fraud network visualisation and detection platforms available today

Orion gives you the functionality and flexibility to uncover and prevent organised fraud from infiltrating your organisation:

Proven

Orion is already installed in a number of Tier 1 Banks and Insurance companies helping to prevent organised fraud from impacting their business by identifying hidden connections in their data.

Powerful

The latest in data visualisation and analysis functionality capable of working with vast quantities of disparate information.

Flexible

Orion is capable of being configured to your needs and is compatible with multiple data sources.

Easy to install

Web based software means that you do not have to worry about hosting and supporting the solution.

Stay ahead

Orion can help your organisation to understand multifaceted interactions better to ensure you stay ahead of complex organised fraud.

Quick and efficient

Configure a range of automated network monitoring and generation capabilities to speed up the ability to make good decisions.

Our applications in action

Our people are helping to shape the future of what’s possible across all of the markets related to your business.
Read some of our case studies here.

Connect Edition 10: Is vulnerability a much wider problem for UK financial services?

Vulnerability: is this a much wider problem for UK financial service providers than first thought? Connect is a quarterly round up of trends, insight, features and opinions on fraud prevention and financial crime for the banking and insurance sectors, brought to you by Synectics Solutions. Download to learn: How collaboration could help to address some of the issues concerning vulnerability. What Outcome Orchestration is and the many benefits it offers to companies struggling with high investigation volumes. More from our partners such as TransUnion and NetWatch Global.

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The Real Cost of External Fraud: A Report by The University of Portsmouth

The Real Cost of External Fraud by Professor Mark Button, Dr David Shepherd and Dr Branislav Hock, Centre for Counter Fraud Studies. The University of Portsmouth. The cost of and extent of fraud is frequently reported in the media with a variety of organisations producing estimates of fraud based upon methodologies of varying quality. There are two factors that generally unite these estimates. The first is that they usually show fraud is a major problem and secondly they focus upon only the actual loss from the fraud. Estimates do not generally take into account the collateral damage fraud does to an organisation and the costs that are incurred in dealing with the consequences. There have been very few studies that have sought to estimate the wider costs of dealing with fraud and its consequences. Two of these studies the authors were involved with. The first was a project that sought to investigate the real costs of internal fraud and the second was a study that explored the true costs of recruitment fraud (Button et al, 2013; and Gee et al, 2019). These two studies identified a variety of costs that organisations incur in dealing with fraud, such as the costs of investigation, staff suspension costs, internal disciplinary costs, justice costs, staff replacement costs, miscellaneous costs and intangible costs. These studies showed significant costs on top of the actual fraud loss. The gap in the research to date, has been estimates of the real costs of external fraud. There are clear, practical differences between internal and external fraud. Firstly, victim organisations are usually able to identify internal fraudsters whereas external scammers are often unknown persons, e.g. account redirection fraudsters. Secondly, evidence against internal fraudsters is often more accessible. Thirdly, if the organisation is satisfied with dismissal or other disciplinary sanctions, the quality of evidence required is lower than that necessary for obtaining legal outcomes against external fraudsters. This report addresses this gap by exploring the full costs of external fraud and compares them to the costs of internal fraud. This research was commissioned by Synectics Solutions and is the first study the authors are aware of to identify the full cost of external fraud. It is based upon 39 cases of external fraud from a diversity of organisations. The report begins by identifying the type of costs that are likely to be incurred in dealing with external fraud. It then moves on to explore the findings starting first with the demographic data of the sample before moving on to explore some of the costs identified from the research. Before we embark upon this, however, it is important to define external fraud: A fraud primarily perpetrated by person(s) not directly employed by the organisation who is the victim. This could include: contractors, suppliers, customers and opportunistic and organised criminals targeting the organisation.

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Webinar: How Consortium Data Sources Help to Drive Improvements in Fraud and Financial Crime Defences

Collaboration continues to be a key factor in preventing and detecting fraud and financial crime. In recognition of this the UK Government’s own 2019/20 Economic Crime Plan has made sharing intelligence between public and private sectors one of its top priorities. To explore this important area in more detail, during this year’s final webinar for UK Finance’s Economic Crime Academy, subject matter experts from Synectics Solutions and UK Finance will explore the opportunities and issues around collaboration and the continuing importance of sharing intelligence to help defeat various forms of economic crime. This webinar will give an analysis of what has been achieved over the last few years in this area - as well as sharing success stories to illustrate what good collaboration looks like across both private and public sector sources - and how to overcome the barriers to sharing key information. Other areas covered will include an analysis of how shared intelligence sources are essential to the future success of many AI and Predictive Analytic techniques, as well as advice from members of Synectics Financial Crime Intelligence team and Catriona Still (from the DCPCU) who explore a variety of public /private sector collaborative approaches in progress today. Some of the key objectives in this webinar are: Understanding the importance of collaboration to prevent fraud and financial crime Realising the challenges in adopting a collaborative approach Hearing real case studies from those who have adopted a collaborative approach in their financial crime prevention strategies

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Our innovative thinkers are helping to shape the future of what's possible across all of the markets related to our business

Find all of our white papers and thought leadership articles by clicking here.

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Our bespoke three stage risk management, financial crime and fraud prevention platform:

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Configure and customise your platform with a comprehensive range of advanced and highly successful Apps to suit your specific needs.

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Access industry leading data resources and enrich your own data with access to a wide range of third party intellligence sources.

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Intelligence Hub

Manage data complexity simply. We validate, cleanse and orchestrate your data, and transform increasingly complex data into easily managed formats.

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