Global technology services provider, Synechron Inc, will see their Artificial Intelligence technology implemented in 60 financial institutions, following the launch of Synechron’s AI accelerators in March.
Synechron are currently working with 57 financial institutions based in Europe, the US, Middle East and Asia to help them adopt AI technology. 28 percent of the firms are based in Europe, with UK headquartered institutions accounting for nearly half of the interest in Europe and 23 percent of interest worldwide.
Synechron’s 14 reusable applications allow financial institutions to reduce time-to-market when applying AI to enhance business operations, reduce operating costs and create better client experiences. The Accelerators use techniques like Natural Language Processing (NLP), Chatbots, Robotic Process Automation (RPA), Cognitive Machine Learning, Data Science, and Robo-Advisors to address the business challenges most commonly effecting financial institutions today.
Faisal Husain, Synechron co-founder and CEO, said: “The financial sector understands the value of innovation and there is real ambition to implement Artificial intelligence around the world, especially in Europe and the US. This global interest reiterates the importance many are placing on new technologies to help them solve complex business challenges. Artificial Intelligence allows businesses to deploy processes that augment the role of individual, allowing them to fulfil their potential and increasing their value to the business.
“The interest in our AI services has come from businesses of all sizes, from global banks, investment funds and exchanges to local lenders and insurance providers. While there are a select few leading the AI adoption race, it remains to be seen who will be the AI trailblazers that drive its adoption into the 21st century.”