Synechron rolls out solutions to help clients accelerate innovation

Synechron rolls out solutions to help clients accelerate innovation
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30 Oct, 2020

New York headquartered information technology (IT) consulting company Synechron said it has launched an accelerator programme for the institutional investment management and asset management industries.

With its accelerator programmes, the company offers clients customisable solutions that ‘accelerate’ their progress. “Accelerators are created as building blocks to allow our customers to accelerate innovation,” a company spokesperson told TechCircle.

The latest programme, dubbed InvestTech Accelerator, is the eighth such accelerator launched in the past five years, a statement said. It offers five solutions -- ESG Booster, WillPower, Digital Compliance, VisualRE and 360+.

“Our accelerators consist of customisable building blocks, including working codebase, reusable design systems, solution designs and machine learning models. Using our accelerators gives our clients a competitive edge with all the perks of building an in-house solution, such as IP ownership, against a shorter time-to-market," according to the company website.

The five new tools, Synechron said, provide digitised ways of working with and for clients, and automate several processes to analyse investments, increase margins and achieve operational efficiencies.

The ESG Booster enables clients to score environmental, social and governance portfolios and individual companies using external data. WillPower, on the other hand, provides a blockchain-based digital repository for client assets/documents.

Additionally, Digital Compliance enables automatic intake of all regulatory promulgations applicable to the industry and enables awareness customizations to help compliance professionals work more effectively.

The VisualRE tool provides a predictive analysis model of real estate funds, properties and real estate investment trust (REIT) securities, for risk/reward assessment. The 360+ solution gives access to a dedicated dashboard for a holistic view of each customer.

“We collaborated with leaders across the investment management industry, as well as numerous external innovation partners, to innovate artificial intelligence and predictive analytics-driven solutions for these firms’ real-world struggles,” Sandeep Kumar, managing director and head of InvestTech Accelerator, said.

“These will address multiple use cases and can be fully-customized to the particular needs and nuances of each firm, utilizing the underlying technology components as building blocks,” he said.

Read: IT firm Synechron teams up with SpringPeople to train employees

The launch of the accelerator program comes four months after Synechron partnered with Google Cloud to build a global centre of excellence (COE) and provide cloud-based solutions to financial services clients. The company has been focusing on the financial services industry, including capital markets, insurance, banking and digital, for nearly two decades and has 18 offices around the globe, with over 8,000 employees.