Synechron: New AI Solutions Driving Digital Business Growth

Having recently debuted its NEXUS artificial intelligence (AI) suite, Synechron is demonstrating its commitment to facilitating enterprise transformation in an age of AI.

The New York-based IT and consulting company predominantly focuses on the financial services industry, including insurance and banking, but has recently ventured even further into the digital and AI space.

Synechron’s expertise in AI, consulting, data, digital, cloud, DevOps and software engineering has always aimed to deliver end-to-end solutions that drive actual business value and expansion. The company now utilises innovative technologies to deliver industry-leading digital solutions, from AI, blockchain and data science. 

Advancing digital business development

Having been founded in 2001 by Faisal Husain, Zia Bhutta and Tanveer Saulat, Synechron has worked hard to expand its technology focus. In its formative years, it achieved a number of technology company acquisitions, including 110 Technologies in 2007, SysCore Solutions in 2008 - and even partnered with leading software company Cloudera in 2013 to broaden its presence in the big data space.

Synechron then started to grow on a global scale, expanding its services further across India by opening new offices in various locations to support its growth. In 2017, the company released its first AI applications for financial services called Neo.

Neo aims to bring together the company’s digital, business and technology consulting to enable financial companies to deploy up-to-date AI solutions to solve challenging business issues. These reusable applications are referred to as Accelerators and enable companies to reduce time-to-market when applying AI across business operations.

As a result, Synechron has been able to reduce operating costs and create better client experiences via the use of AI - and even partnered with Microsoft Azure to release its blockchain accelerator applications in the Azure marketplace.

Using AI methods like natural language processing (NLP), robotic process automation (RPA) and cognitive machine learning, Neo has been able to solve complex business problems and allow organisations to optimise their AI offerings.

New solutions, NEXUS and an ‘AI-as-copilot’ strategy

A 2023 survey conducted by Synechron found that cloud and AI services will continue to be key business priorities for financial service firms in 2024 - highlighting a continued shift in new technology priorities.

Having been developing AI consistently for several years, Synechron has now launched its Nexus suite of nine AI solutions that can be deployed in a business setting. The company states that these solutions aim to operate at the intersection of human and AI creativity and will provide insights and efficiencies to businesses at scale.

Nexus will allow users to automate manually intensive tasks, increase project speed, drive operational efficiencies and reduce costs across various key business tasks. Each solution also aims to increase enterprise productivity.

Synechron’s Co-founder and CEO Faisal Husain spoke in the announcement, saying: “We are proud to be releasing this extensive array of AI-enhanced solutions that go beyond the hype, and provide significant, tangible benefits to business operations. 

“AI and GenAI-rich tools are not just ideas we offer to our clients, but key process accelerators that we ourselves at Synechron are deploying across our company, as we offer ways to integrate the benefits of this technology with human expertise.”

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