Synechron scoops Markets Media award for AI and Blockchain offerings

04 May 2018 4 min. read

International consulting firm Synechron has been rewarded for the efforts of its Accelerator programmes, scooping two prizes at the Markets Choice Awards in New York. The sixth annual ceremony handed Synechron a gong for its innovative AI-powered Accelerator package, Neo, as well as commending the efforts of the firm’s US Blockchain lead, Tim Coates, for his work with Synechron’s Blockchain Accelerator.

The sixth annual Markets Choice Awards has seen almost 250 capital markets professionals gather in New York, to celebrate the institutional trading and technology industries. Markets Media’s yearly ceremony, hosted in the Edison Ballroom in Midtown Manhattan, saw buy-side investment managers, sell-side execution desks, hedge funds, exchanges and trading platforms, established technology providers, and emerging FinTech firms commended for their efforts over the past 12 months.

Winners were chosen after a multi-month process in January saw a call for nominations from market participants, with the raw data collected used as a starting point by Markets Media’s editorial staff to conduct research and telephone interviews, while consulting with the Awards’ Advisory board. Following this, shortlists were published and reader votes were tallied as another input, before final internal deliberations hammered out the outright winners.

This year, international financial services consulting firm Synechron found itself on the receiving end of two commendations at the Markets Choice Awards. The firm was awarded Best in Artificial Intelligence by Markets Media in its Market Choice Awards, while its US Blockchain Lead, Tim Coates, was recognised with the one of ten Rising Star awards handed out at the ceremony in the Big Apple.

Synechron US Blockchain Lead Tim Coates

During 2017, the firm launched a succession of accelerator programmes to provide its clients with an end-to-end approach for embracing technology and innovation. These included Neo, Synechron’s suite of AI-powered Accelerators – the program Synechron was presented the award for, which leverages advanced AI techniques to help financial institutions address complex business challenges. Neo was created to combine Synechron’s digital, business and technology consulting prowess to allow financial institutions to deploy cutting-edge AI solutions. The suite of Accelerators includes 14 applications and use techniques like Natural Language Processing (NLP), Chatbots, Robotic Process Automation (RPA), Cognitive Machine Learning, Data Science, and Robo-Advisors to address a range of use cases.

Tim Coates

This award win marks the fifth award given to Synechron’s three Accelerator programmes, which also include InsurTech solutions for businesses in the insurance industry, in addition to a Blockchain programme sired at the end of the previous year. In relation to this last programme, Tim Coates was commended as a Rising Star for his contributions to Synechron’s Blockchain Accelerator’s programme.

A former Senior Consultant at Big Four firm EY, Coates works in Synechron’s Business Consulting team in New York, heading the firm’s US Blockchain efforts. Coates has previously admitted that, while Blockchain has since become the leading aspect of his career, he first branched into the area thanks on a casual basis. In a statement he said, “I started researching Blockchain back in mid-2015 as a hobby to keep me occupied while on an overseas engagement, and I’m still researching today.”

Commenting on his firm’s success at the Markets Choice Awards, Faisal Husain, co-founder and CEO of Synechron, added, “Synechron launched Neo and our Blockchain Accelerators by uniquely bringing together our expertise in business consulting, technology and digital to deliver cutting-edge tools to create more efficiencies, and we are proud to be recognised with both of these awards for our work and our people.”