Synechron launches regtech accelerator programme 30 April 2018New York Reporter: Maddie Saghir
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Synechron has launch of its regulation technology accelerator programme.
Synechron’s regtech accelerators are focused on financial services providers to increase efficiency in processes relating to regulatory compliance.
They have been created to give financial organisations the benefit of increased control through technology.
This will allow for greater transparency, more efficiency, improved data quality, and better management of risk and regulatory compliance.
Each of Synechron’s six regtech accelerators has been designed to address specific regulatory challenges.
This includes solutions for the following regulations: anti-money laundering, know your customer, Basel III, International Financial Reporting Standards 9, the generally accepted accounting principles, and the fundamental review of the trading book.
Each accelerator has been categorised in corresponding and regulatory themes, consisting of risk, client lifecycle management, legal and compliance, and finance and treasury.
Faisal Husain, Synechron co-founder and CEO, said: “We continue to see huge demand for RegTech solutions from clients seeking more control over their activities and risks.”
Husain continued: “The focus on the total cost of compliance is high-priority for financial institutions, and technology is the best enabler to address this challenge.”
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