Synechron, a digital transformation consulting firm, has rolled out its RiskTech.AI Accelerators program, to help clients effectively manage a range of business risks. This suite consists of five solutions, each addressing a specific area of concern.
These solutions are designed to assist organisations in assessing the likelihood of potential risks and losses in various critical areas. These include supply chain challenges, climate-related risks, regulatory changes and process management risks, Know Your Customer (KYC) investigations, and IT vulnerability and cybersecurity risks.
These solutions were created in response to the increasing demand in the financial services sector for using AI to mitigate risks. Synechron emphasised that these solutions are built to automate processes, leading to enhanced efficiency and cost-savings in a firm’s rapid risk mitigation efforts.
Faisal Husain, the co-founder and chief executive officer of Synechron, noted: “Our program features critical new approaches and imbedded AI-enriched innovations to help organisations identify, prioritise and quickly respond to business risk stressors.”
Sandeep Kumar, who heads of Synechron’s FinLabs and Accelerators programs, highlighted the importance of the program. He said: “Multiple risks can have a severe financial impact and lingering business consequences for financial services firms.
“We have responded with a new set of RiskTech.AI Accelerators—advanced technological innovations that can assist businesses to find, gauge the possible depth and breadth of, and quickly respond to important risks.”
In addition to their expertise in digital solutions, Syenchron has gained recognition as an inclusive and diverse workplace. Headquartered in New York, the fintech is a finalist in the Diversity and Inclusion category, at the upcoming US FinTech Awards, scheduled for November 2nd.