Organised Fraud Detection | Network Analysis -Orion | Synectics Solutions
Platform
Solutions
Industries
More ...
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.

Addressing current account fraud using predictive analysis

Synectics Solutions have designed, piloted and deployed over 20 predictive models across 11 Tier 1 banks and insurance companies in the UK to help them improve their ability to prevent fraud, as well as substantially reducing the cost of doing so. To help companies without access to sufficiently relevant target data Synectics has also built a standardised predictive analytics fraud solution, for specific financial products, called Precision Standard. Customer Challenge Synectics Solutions recently worked with a well-known financial brand to help them deploy a successful fraud prevention solution, despite the client having no relevant product historical data in the geography they were launching in. The client wanted to ensure that when it launched its new Current Account it was optimising its fraud defences by utilising both the National SIRA fraud database, in conjunction with Synectics Precision predictive analytics capabilities. The following case study records the results of the proof of concept in preparation for the clients product launch. Business Need Optimise fraud prevention capability and reduce costs when launching new Current Account product. Solution Deployment of a standardised predictive analysis model in addition to SIRA fraud prevention solution. Benefit Ability to identify almost 70% of fraudulent applications while only investigating around 15% of referrals. Uplift in identification of fraud. Reduced false positives. Estimated savings of over £2 Million per year when product goes onto the market. Background Predictive analysis has become a widely used tool in financial services in the drive to improve fraud detection, and reduce investigation costs. However, many organisations struggle to deploy a viable predictive analytics programme because of a lack of sufficiently relevant or accurate target data, to build truly effective models. Because of Synectics unique position, as custodian of the National SIRA fraud prevention database, the company used its data science capabilities, and ability to leverage the National SIRA database, to successfully build a standardised product specific predictive fraud prevention model to identify fraud - despite the client’s lack of sufficient in-house data. Building the solution Over 2 million historical current account applications were utilised to train the target model, which included adverse fraud data from National SIRA. Over 25 data features were then used to build the model, including personal applicant details along with additional data features only available from within National SIRA, such as historical adverse flags. Once built Synectics comprehensively tested the model with the client in a proof of concept to prove its effectiveness. Results

READ MORE

Podcast: APP fraud - less talking, more acting

To listen to this podcast in full, please fill out your details at the bottom of this page. Authorised Push Payment fraud has become one of the major challenges for fraud teams within the financial services industry over the course of the 2020 and the start of 2021. Click here to read more about what kind of action can be taken to address APP fraud in our latest blog post for UK Finance > In this podcast, our experts are joined by Christine Farrow, APP Fraud Lead in the Economic Crime Team at UK Finance to discuss what can be done by these financial institutions to combat this increasing threat. To listen to the podcast simply enter your details below.

READ MORE

How to address your repeat fraud offender problem

READ MORE

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.

Loading...

To better understand the capabilities of Orion and how they can benefit your organisation, please get in touch.




TALK TO US

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

App store

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

LEARN MORE >

Data marketplace

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

LEARN MORE >

Intelligence Hub

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

LEARN MORE >

Talk to us

Ensure that your risk management, financial crime and fraud prevention strategy is the best it can be. Please fill out the form below and we’ll get back to you shortly.

  • *
  • To understand how we may process your data, please read our Privacy Policy.