Synechron opens new financial innovation lab in Singapore

Synechron has launched a new office and state-of-the-art Financial Innovation Lab (FinLab) in Singapore. The new facility will help build Synechron’s offering in the APAC region and partner with our clients on interactive workshops related to key digital strategies, such as AI, Blockchain, Data Analytics and RegTech that are reshaping the Financial Services landscape.

The new office in Singapore will strengthen its capabilities in serving the APAC financial services market. Given Synechron’s new brand promise to ‘Accelerate Digital’, there will be a particular focus on Digital in the region. This comes after the appointment of a new APAC Head of Synechron, Mihir Shah. Shah brings extensive capital markets, innovation, and technology experience to the Singapore office, coming from Synechron’s London office, with 16+ years’ experience in Capital Markets and a proven track record implementing and leading innovation in financial services, with 11+ years spent at UBS.

Singapore is the company’s APAC hub from which we support clients across the region. Given our investment in Asia, Synechron expects to continue to add talent to the existing 50+ strong team across our Asian locations in Singapore, Hong Kong, Tokyo and Manila.

Mihir Shah, Head of Synechron APAC, said: “The APAC region is a huge center for financial services innovation, and with our new FinLab, we will be able to accelerate banks’ digital transformation journeys to include even more emerging technologies with AI and data science, machine learning, Blockchain, and more, and create new solutions and further innovation to areas like banking, user experience, and wealth management.”

The new FinLab in Singapore leverages Synechron’s 300+ digital innovation SMEs globally and hosts over 50 Accelerators and counting. The space will allow clients to have direct interaction with the latest technology and prototypes in the market, including our recent Data Science Accelerators. This opening marks the 12th FinLab operating globally, with the others located in New York, Charlotte, Fort Lauderdale, London, Dubai, Hyderabad, Bengaluru, Pune, Serbia, Paris, and most recently, an upgraded FinLab in Amsterdam to expand its Technology business. Synechron will also be hosting its inaugural FinLabs Day on November 15th to showcase its newest innovations in Data Science.

Faisal Husain, Co-founder and CEO of Synechron, said: “Innovation and emerging technologies, and particularly their use in financial services, are evolving every day, and digital services are a large part of that. We are committed to expanding our global footprint to accelerate the digital transformation journey for banks and financial services firms, and our expansion to the APAC region is a strategic one. Our FinLab in Singapore will allow us to innovate with banks and will play a vital role in Synechron’s Accelerating Digital strategy to be the leading digital FS consultancy.”