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Synechron to accelerate WealthTech

The IT consultancy firm is honing its focus on the financial services industry with its latest announcement, a WealthTech accelerator programme designed to marshal technology, data science and analytics within wealth management. While the accelerator targets automating the entire client journey from prospecting to relationship management, marquee projects have already been scoped. 

Of particular interest is the asset tokenization branch, which is envisaged as opening an even larger pool of investors and capital by allowing those previously excluded from buying into larger or non-traditional assets, from fine art to real estate, to enjoy fractionalised shares in those assets distributed as tokens on the blockchain.

The scope of the program, while far ranging, is centred around addressing ‘pain’ points within the industry caused by manually dependent tasks. One such point is the on-boarding process, which Synechron hopes to address via a combination of optical character recognition, natural language processing and robotic process automation.

Details of the accelerator program can be found here.

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