Synechron scoops two FTF Technology Innovation Awards

30 May 2017 Consultancy.uk

Financial Technologies Forum (FTF) has unveiled the 2017 winners of its annual Technology Innovation Awards. More than twenty accolades were awarded to a mix of established companies, FinTech firms and individuals working on the cutting-edge of post-trade securities operations. Consulting firm Synechron took home two awards.

The FTF Technology Innovation Awards celebrate the companies and people that have made significant achievements in the post-trade processing domain during the previous year. Since the launch in 2011, the contest has become increasingly competitive and this year was no exception, as according to Maureen Lowe, Founder of FTF, “We received twice as many nominations and twice as many voters over 2016.”

In total more than 20 prizes have been awarded, including the honour for ‘Ops Business Person of the Year’, which went to Charlie Marchesani, an executive from Broadridge Financial Solutions. In an interesting turn of events among nominees, Marchesani competed against four women for the award: Paula Arthus, managing director and head of Omgeo and Data Services at the Depository Trust & Clearing Corporation (DTCC); Sheryl Brown, a director at Ash Brokerage; Cheryl Nash, president at Fiserv; and Susan Vismor, head of global business continuity for BNY Mellon.

Synechron, a business consulting and technology services provider, was awarded ‘Best Distributed Ledger Technology Initiative of the Year’ for its research into blockchain and its Blockchain Accelerators programme that helps clients develop working applications in six areas. These use cases span Trade Finance, Know Your Customer (KYC), Mortgage Financing & Processing, Insurance Claims Processing, Smart Margin Calls, and Global Payments. The Accelerators are built on industry-leading platforms like Ethereum and Hyperledger’s Fabric. 

Synechron wins two FTF Technology Innovation Awards

The firm’s CEO and Co-founder, Faisal Husain, was named FinTech Person of the Year – having played a pivotal role in advancing blockchain understanding and adoption within the wider financial services landscape. “After spending more than fifteen years focused on FinTech innovation, it is an honour for Synechron to be recognised for the cutting-edge work we are doing to guide our clients through their digital strategy creation and implementation. I am incredibly proud of the global team that has contributed to this programme and for the overwhelming recognition we have received from clients and peers for this work. It is my privilege to have played a role in that success,” said Husain.

Other top honours went to Broadridge Financial Solutions (Service Provider of the Year), Eagle Investment Systems (Best Buy-Side Operations Solution), SmartStream Technologies (Best Outsourcing Provider and Best Derivatives Operations Solution), and Karla McKenna, a director at Citi and the head of standards for the Global Legal Entity Identifier Foundation (GLEIF) – she won the Editor’s Choice Award for Operational Excellence.

All winners of the FTF Technology Innovation Awards 2017 can be found on this page. 

The 2017 FTF awards gala, where the awards will be presented, will be held at the Dream Downtown Hotel in Manhattan, New York, on Tuesday, June 20.

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