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Financial services consultant Synechron announced the launch of a new set of Artificial Intelligence (AI) based solutions on Thursday, giving the financial services industry access to the latest technology.
The new range of solutions, ‘Neo’, brings together Synechron’s digital, business and technology consulting to allow financial institutions to deploy cutting-edge, AI solutions that solve complex business challenges. Synechron’s CEO, Faisal Husain, said:
“Financial institutions are looking to implement the latest technology to address real-world problems in financial services. Neo and Synechron’s AI Accelerators will be pivotal in helping clients be at the forefront of technological advancement, while providing a comprehensive set of tools to ease and streamline processes. This will allow businesses to deploy technology-enabled processes that augment the role of individuals, allowing them to be elevated to higher-value business tasks.”
“The AI engine, business and technical analysis at the core of these accelerators can be applied to additional use cases to progress more quickly with similar initiatives. Along with the use of the AI applications, the Accelerator Program offers access to Synechron’ team of consultants, technologists and digital teams who are experts in financial services business processes, products, regulation, operating models and data architectures which are critical to constructing affective AI applications.”
The AI accelerators cover a wide range of technology, including ‘chatbots’ – virtual assistants for financial services across the trading, mortgage and personal banking sectors – and an Artificial Intelligence Accelerator for robo-advisors, allowing wealth managers to create a hybrid-robo-advisor that augments their existing services with an automated platform.
The launch comes after the company boosted their revenue guidance for the full year in January, now expecting global revenues of $405 million. The 28 percent expected increase year-on-year was the highest in the last five years, with Synechron setting the target of achieving $1 billion in revenue by 2020.
Synechron have been at the forefront of the blockchain sector, launching six blockchain accelerators in September 2016 alongside a 50-person team across New York, London, Amsterdam, Dubai and Bangalore to advance blockchain innovation.