Synechron, a global financial services consulting and technology services provider, said it has launched “Neo,” a set of Artificial Intelligence (AI)-based solutions for the financial services industry.
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 has built 14 reusable applications – Accelerators – that allow financial institutions to reduce time-to-market when applying AI to enhance business operations, reduce operating costs, and create better client experiences.
Synechron’s AI Accelerator applications have taken a business challenge that can be best solved through AI and re-designed business processes to build a solution powered by artificial intelligence and optimized for user experience. The Accelerators use techniques like Natural Language Processing (NLP), Chatbots, Robotic Process Automation (RPA), Cognitive Machine Learning, Data Science, and Robo-Advisors to address a range of use cases.
The AI Accelerators enable financial industry players to solve complex data challenges, efficiently address regulatory and compliance requirements, and service growing customer needs. They also help automate repetitive processing tasks while cutting down time and costs in the long run, with customized and advanced bots for specialized operations such as trading, mortgages, insurance, and even personal banking. Details of the various acclerators are given in Appendix 1 following the release.
Faisal Husain, Synechron Co-founder & CEO, 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’s 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.