Synechron Singapore Fuels Continued Growth in APAC – Financial Innovation Lab Recognized as Leader in the Region Wednesday, November 28, 2018 - Singapore, New York, London, Paris, Amsterdam, Dubai, Pune
Synechron, a leading Digital IT Consulting firm and technology services provider for financial services, today announced its quick momentum in the Singapore region.
Less than a month since opening its new state-of-the-art FinLab in Singapore to support innovation and technologies that are key for firms to reach goals related to their digital transformation priorities, like AI, Blockchain, Data Analytics, and RegTech, the Lab has been named in the top 28 Fintech and Insurtech Innovation Labs in the region, named by Fintech Singapore.
Synechron inaugurated the Singapore FinLab opening on October 31, 2018 and saw a huge wave of client visitors in the first week alone. Soon after, Synechron hosted its first FinLab Day in Singapore on November 15, attended by 50+ clients to support the expanded presence and capabilities in the APAC financial services market and further the investment in the region, Synechron will expand the 50+ strong team in the region, bringing global expertise from other markets to Singapore, and also sharing Singapore-led initiatives globally.
Fintech Singapore notes that Singapore, which has set out to become one of the leading Fintech hubs in the world, has seen dozens of innovation labs established over the last few years, and so the recognition as some of the leading innovation centers is a true indicator of the level of commitment and innovation happening in the region. Because of this and the huge opportunity for banks here, over the next 2-5 years, Synechron will invest heavily in APAC in expanding our Digital and Technology capabilities to support tier-one banks and regional giants in their innovation and technology-lead change management initiatives.
We anticipate working with early adaptors of new, digital technology approaches in Singapore as well as with local technical universities to contribute to education and innovation in the community. In recognition of the local Fintech innovation accelerating, Synechron Singapore is supporting and driving global innovation programs and content with regional and global expertise and the addition of the FinLab will contribute to that momentum.
Synechron has also shown commitment to innovating and furthering knowledge of emerging technology in the region by partnering with Singapore Polytechnic for a Blockchain curriculum to start early on in 2019. Synechron also supported Singapore Polytechnic’s inaugural Entrepreneurship Festival, as well as the Singapore Fintech Festival to be part of the industry conversation shaping the region’s priorities for Fintech.
“Given the huge growth and investment in Fintech happening in Singapore, we are proud to be part of that significant growth and help with banks’ digital transformation journeys, and the growth of entrepreneurial spirit for those coming into the industry in the region. We are honored that the response to our expansion in the region has been so positive so quickly,” said Mihir Shah, APAC Head of Synechron.
Synechron is a leading Digital IT Consulting firm for financial, Accelerating Digital for financial institutions by providing innovative solutions to the financial services industry through its three main business focus areas: digital, business consulting, and technology. Based in New York, the company has 18 offices around the globe, with over 8,000 employees producing over $500+M in annual revenue. For more information on the company please visit the website or our LinkedIn community.
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