Synechron has launched its Digital Ecosystem Program for the financial sector.
Synechron has launched its Digital Ecosystem Accelerators for the financial sector. These solution prototypes respond to growing customer demands for real-time digital experiences and the bank’s facing challenging growth conditions, to deliver new business models. Ecosystems orchestrate many participants to co-create value for their clients, leveraging a symbiotic relationship between their capabilities. Banks stand to benefit from the acceleration of more open, API-driven, low-friction and interoperable platforms by increasing their monetization of existing customers, building stronger customer profiles, and hence improving retention rates with more customized services.
Synechron’s Digital Ecosystem program consists of five Accelerator solutions across Retail Banking, Wealth Management, Corporate Banking and Capital Markets. By drawing on Synechron’s Digital, Business Consulting and Technology expertise, these prototypes reflect the future investment direction of these banking segments and respond to real business opportunities and pain points. The Accelerators use cutting-edge, emerging technology solutions to offer a forward-looking approach that taps into a bank’s scale, data and partner network to combat the growth of non-bank competitors.
Companies have the opportunity to secure a competitive advantage against FinTechs and startups who are gaining market share over the traditional banking, advisory and insurance industries, by looking at how they can leverage their tremendous data, scale and partner networks to leapfrog a digital platform strategy straight into a digital ecosystem strategy. To help our clients capitalize on this opportunity, we have developed a number of Ecosystem Accelerators which bring together multiple participants to co-create value. Utilizing the power of data consolidation and data science, the Digital Ecosystem brings network participants new intelligence, allows them to reduce operating costs and increase customer proximity; all of which enables continuous engagement”
Faisal Husain, Co-founder and CEO, Synechron.
