Synechron announced the launch of “Neo,” a set of Artificial Intelligence (AI)-based solutions for the financial services industry. Neo brings together Synechron’s digital, business, and technology consulting to allow financial institutions to deploy cutting-edge, AI solutions that solve complex business challenges.
Synechron has built 14 reusable applications – Accelerators – that allow financial institutions to reduce time-to-market when applying AI to enhance business operations, reduce operating costs, and create better client experiences.
Synechron’s AI Accelerator applications have taken a business challenge that can be best solved through AI and re-designed business processes to build a solution powered by artificial intelligence and optimized for user experience. The Accelerators use techniques like Natural Language Processing (NLP), Chatbots, Robotic Process Automation (RPA), Cognitive Machine Learning, Data Science, and Robo-Advisors to address a range of use cases.
The AI Accelerators enable financial industry players to solve complex data challenges, efficiently address regulatory and compliance requirements, and service growing customer needs. They also help automate repetitive processing tasks while cutting down time and costs in the long run, with customized and advanced bots for specialized operations such as trading, mortgages, insurance, and even personal banking. Details of the various acclerators are given in Appendix 1 following the release.