RiskTech.AI Accelerators
AI-enriched solutions to mitigate modern business risks
Powered by FinLabs
AI-enriched solutions to mitigate modern business risks
Powered by FinLabs
Cutting-edge technologies are pivotal in enabling forward-thinking businesses to modernize and adapt, meeting the evolving needs of their customers and future business demands.
The landscapes of business and technology are in a constant state of flux. To be sustainable, businesses must be agile, capable of swiftly adjusting to new norms while gaining a competitive edge.
To navigate emerging risks effectively, organizations need to strategically adopt innovative technologies.
To stay synced with new ways of mitigating difficult emerging risks, organizations need to strategically tap into new, future-forward technologies.
At Synechron, we specialize in deploying customized, tech-driven solutions to tackle real-world challenges.
That is precisely the reason we have developed our new RiskTech.AI Accelerator Created in our FinLabs, these solutions have been meticulously designed to help financial organizations mitigate key business risks while leveraging the full potential of Artificial Intelligence (AI) and generative AI.
Faisal Husain
Co-founder and CEO
Risk management is a core area of focus for global markets and for our key clients.
There are three key drivers of Risk Tech:
Disclosure requirements like TCFD, Crypto-Assets Regulation, the Financial. Services and Markets Bill, and Sustainability.
Increasing supervisory expectations to demonstrate risk management capabilities.
New expanding regulatory areas like DORA (Digital Operational Resilience Act), requiring new capabilities.
A complex mix of high inflation, volatile interest rates and supply chain disruptions is impacting economies.
Geopolitical, financial crime and compliance risks arising from Russia's war in Ukraine.
Tightening financial conditions, recessionary environments and increased market competition.
Explosion of interest in Gen AI after breakthroughs in Large Language Models (LLMs) driven by OpenAI and Big Tech.
Hype around sustainability tech, zero-trust architecture and growth of green technologies.
Focus on other foundational technologies like quantum computing and web solutions.
An application using advanced analytics and AI techniques to enable risk managers of lending portfolios to better visualize, interpret, contextualize and manage supply chain risks of public corporations. This helps address the huge gap financial institutions have in understanding and quantifying supply chain dependencies and concentration risks within their lending portfolios.
The solution leverages AI models using Large Language Models (LLM) techniques trained using diverse data sources to generate deep and actionable insights. Some of the key features are:
Analyzing public filings to establish supply chain dependencies.
Visualizations of supply chain networks.
Calculating concentration risk analytics to show hidden dependencies and exposures within the supply chain network.
Surveying your borrowers' supply chain dependencies through different dimensions, such as geography, industry and sector.
Generating proactive alerts from news sources which provide an early warning of possible supply chain disruption and therefore borrower risk.
Use of forward-looking scenario analysis to answer 'What if..?' questions.
A comprehensive solution for financial institutions to identify and manage climate risk vulnerabilities and exposures within the existing lending portfolios. This accelerator is useful for real estate, infrastructure, agriculture and many more. The solution can transform climate data into fit for purpose information to support financial companies in strategic risk decision making.
The accelerator provides financial institutions with a climate risk toolset that seamlessly integrates all forms of climate risk into existing credit risk systems.
Execute rigorous analysis, data and financial risk modeling.
Predict and measure/quantify climate-related physical and transition risks.
Perform climate risk assessments and stress tests as these are becoming required by regulations.
Measure the necessary inflowing climate data sets across key vendors/providers.
In collaboration with
A generative AI application to digitize and optimize the regulatory implementation process. The application uses Large Language Models to help automate the regulatory change management process while reducing risk and potential compliance issues.
A powerful accelerator that blends advanced AI capabilities with human expertise to save significant time, improve productivity and provide an audit trail for a complete regulatory change process.
Helps users navigate the complex web of multi-jurisdictional regulatory obligations into implementation plans and easily update policies.
Enables swift identification, assessment, and translation of regulatory impacts into actionable business requirements.
Facilitates policy creation and gap analysis allowing you to accurately tag each requirement.
Provides value-adding compliance prompts and advice via a next-gen AI chatbot.
An enhanced, multi-functional, generative AI-powered KYC system to significantly improve the Customer Due Diligence process. This application helps improve customer information evaluation, identification of high risk industries and/or countries.
The accelerator leverages generative AI to analyze data, predict red flags based on the KYC policy and the regulatory obligations of the Financial Institutions. KYC Analysts are empowered to:
Gather and ingest key client data (structured and unstructured) and documents from various sources.
Create business rules from (KYC/CDD) policies to check client data for red flags.
Use a KYC-GPT model for Q&A with human level responses on client-specific and policy docs.
A comprehensive solution leveraging advanced analytics and Artificial Intelligence for IT Risk data integration, normalization and correlation to streamline and automate control adherence and risk assessment end-to-end.
This accelerator tool offers chief information security officers (CISO) and risk management teams an advanced analytics platform and low-code interface to modernize risk identification, prioritization, and disposition - transforming legacy manual approaches and self-assessment questionnaires into embedded digital governance.
Key features:
Establishes a centralized repository for maintaining all IT risk controls, source data definitions, compliance categorization, risk scoring and disposition - eliminating disparate systems and inconsistent practices.
Implements data acquisition of internal and third party sources - mapping, normalizing and enriching while leveraging AI to improve efficiency and modelling.
Enables self-service execution of assessments for CISO, risk management, and/or internal audit staff - providing a low-code assessment build-and-run capability.
Optimizes and streamlines violations, ensuring a common risk calculation scoring methodology for prioritization.
Harnesses AI and workflow automation to narrow the skills and experience gap - allowing organizations to scale and meet the pace of cybersecurity threats.
Our Accelerator Programs start with a spark of inspiration. We analyze clients' use cases and operational needs against cutting-edge digital technologies to innovate optimal business solutions.
Click on each accelerator for more informationTo date, Synechron has proudly won 34 Innovation Awards across a range of prestigious global organizations celebrating excellence. Recognition has been awarded for our individual and combined technology-driven business solutions created within our Accelerator programs. We have also won awards for our 13 Financial Innovation Laboratories ('FinLabs'), as well as for our highly creative and expert FinLabs teams and innovators who leverage the latest, cutting-edge digital technologies to help clients solve their critical business challenges.
Here are some of our more recent Innovation Awards:
Disruptive technologies, fostered by ever-evolving business needs, goals, and objectives, have paved the way for new opportunities and challenging pathways. There are many tangible reasons for businesses to explore new, emerging and cutting-edge inventions.
Modern, digital technologies can simplify an array of business processes, automate manually-intensive tasks, reduce human errors, slash costs and drive measurable efficiencies.
By leveraging our FinLabs, the path to business transformation is clearly within reach. Join us to unlock the potential of your enterprise.
13 FinLabs Globally
85+ Accelerator Solutions
300+ FinLabs Experts Worldwide
11 Innovation Programs
34 Global Innovation Awards
Join our secure, cloud-hosted sandbox environment that enables hands-on experimentation and testing. Try new products, data-centric and data science-led methodologies, artificial intelligence-powered applications, and a selection of valuable automation tools. Our sandbox can be custom-built for a set of use cases. Gain access to industry participants and FinTech partnerships, and work with a variety of ecosystem players.
Considering a fresh business system, process, method, application or device? Our FinLabs experts can help advance your idea or project.
Have an idea and a vision? Wondering what could be if you tweaked this, changed that or added another dimension? Our experts will help you build and test drive your ideas through the creation of a Minimum Viable Product.
Synechron has partnered with several prominent and pioneering industry organizations to co-innovate new systems/processes, and aid in industry understanding and adoption.
At the core of our platform lies a sophisticated architecture that integrates a variety of components:
Intuitive management dashboard: This control center allows you to manage and track the status of each conversation instance to oversee AI-driven interactions.
Admin console: Create domain-specific conversations with configurable options. Select models, associate domain knowledge, set contextual cues and fine-tune meta-information to align AI with your vision.
Analytics-rich module: Maintain audit logs, compare performance metrics, gain actionable insights for quality responses, and provide feedback to improve model response interactions.
Client integration interface: Use micro-frontend-based user interface to simplify integration with inference services, while easy adoption caters to all tech users. Multiple theme-based interfaces ensure seamless experiences.
Continuously enhance model responses via the feedback loop, ensuring the AI evolves to reflect changing needs.
Accelerate AI experimentation.
Empower domain-specific LLM implementations.
Observe and monitor capabilities.
Synechron is an innovative global consulting firm delivering end-to-end service offerings and industry-leading digital solutions to transform and empower businesses.
We take the time to understand your business, then build bespoke, innovative solutions that put your business' goals and objectives first.
To be the innovation and digital transformation partner of choice for our clients.
To deliver value and opportunity for our clients, employees and partners through our commitment to pursuing innovation, delivering excellence and enhancing experiences.
Our innovative technologies and optimization strategies for business span six key areas:
Artificial Intelligence
Data
Cloud & DevOps
Software Engineering
Digital
Consulting
Synechron has offices in key markets around the world in North America, the United Kingdom, Europe, the Middle East, Asia Pacific and India.
14,500+ Team Members
100+ Clients
44 Offices accross 19 Countries
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With less than a month to go before the European Union enacts new consumer privacy laws for its citizens, companies around the world are updating their terms of service agreements to comply.
The European Union’s General Data Protection Regulation (G.D.P.R.) goes into effect on May 25 and is meant to ensure a common set of data rights in the European Union. It requires organizations to notify users as soon as possible of high-risk data breaches that could personally affect them.
With less than a month to go before the European Union enacts new consumer privacy laws for its citizens, companies around the world are updating their terms of service agreements to comply.
The European Union’s General Data Protection Regulation (G.D.P.R.) goes into effect on May 25 and is meant to ensure a common set of data rights in the European Union. It requires organizations to notify users as soon as possible of high-risk data breaches that could personally affect them.
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