Synechron Launches PayTech Accelerator Programme

Synechron has announced the launch of its PayTech Accelerator Programme, aimed at helping banks and other financial services institutions seize new opportunities across the payments landscape and solve for evolving common business challenges. This programme leverages the expertise of Synechron, joining forces with the payments domain and technology experts from Attra, made possible through Synechron’s acquisition of Attra in December 2020. This is the ninth Accelerator programme that Synechron has launched since September 2016 and offers a suite of cutting-edge scalable solutions that are design led, data driven, and technology enabled.

The new Accelerator Programme offers five real-world tools and solutions, one of which is aimed at enabling banks to build and increase their share of the Buy Now Pay Later lending market. Other PayTech Accelerator solutions provide for simultaneously testing and validating for compliance with upcoming ISO 20022 global financial messaging standards, while one critical security-focused tool in the suite work towards monitoring and taking action on real-time cybercrime threats and Black Swan events.

Lastly, two seamlessly integrated digital tools can facilitate next-generation cash management benefits to large international corporate customers for enhanced Treasury functions and critical data management.

Faisal Husain, Synechron Co-founder and CEO said at the launch of the Accelerator payTech Programme, “We are pleased to launch our newest suite of business solutions, this time focused on the evolving payments arena. Since 2016, Synechron has continued to invest heavily in R&D and develop new ways to deploy cutting-edge and digitally-forward technology. Our Accelerator tools will help industry players to better navigate the payments ecosystem and solve several of their relevant operational business challenges.”

Sandeep Kumar, Managing Director, Head of Synechron’s Accelerator Programme said, “The payments industry is in the middle of a massive transformation. We are excited to debut our newest Accelerator Program utilizing our payments industry knowledge and technical depth in emerging technologies. These accelerators are intended to serve as building blocks for our clients to develop innovative payments and related products in an accelerated time frame. We have utilised the latest in design, data and engineering practices to provide these as reusable components.”