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Opening will support Synechron’s European growth and build local FinTech opportunities

Paris, New York, London, Dubai, Pune, May 31st, 2018 Synechron Inc., the global financial services consulting and technology services provider, has today announced that it has reinforced its global presence by opening a new office and state-of-the-art Financial Innovation Lab (FinLabs) in Paris, France. The new facility will help build Synechron’s offering in Europe as the company expands across the region, particularly focused on Digital services, as massive digital transformation initiatives have become a top priority for a number of banks, as well as implementing emerging technologies like Artificial Intelligence (AI).

Synechron’s offices in Paris will strengthen its capabilities in serving the French financial services market, addressing Synechron’s three business priority areas: business consulting knowledge, innovative digital design, and core technology delivery. The office will also support Synechron’s Systems Integration Centers of Excellence (COE) in Paris.

Laurent Salvinien, Managing Director at Synechron, said: “Paris is becoming a popular hub for financial services in Europe, and FinTech has a vital role to play in making France more competitive and accessible for the overall growth of the sector. This new office and FinLab will support Synechron’s ongoing strategy to develop innovative technology to help the financial services sector.”

The new FinLab in Paris will allow clients to have direct interaction with the latest technology and prototypes in the market: from chatbots and Robotic Process Automation (RPA), to Natural Language Processing (NLP) and gamification models. This opening marks the 11th FinLab operating globally, with the others located in New York, Charlotte, Fort Lauderdale, Amsterdam, London, Dubai, Hyderabad, Bengaluru, Pune and most recently in Novi Sad, Serbia.

Faisal Husain, Co-founder and CEO of Synechron, said: “The use and mastering of emerging technologies is a key factor in delivering clients solutions to remain competitive in today’s markets, which are increasingly being taken over by digital services. The demand for true technological innovation is higher than ever, and as Paris becomes one of the EU’s top hubs for FinTech, our new office in Paris will not only bring our extensive expertise to ambitious businesses in this region but will also highlight the vital role that Fintech will play for businesses in the region.”

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