Finastra Capabilities

“As a private company, Synechron has made a commitment to

provide cutting-edge, end-to-end services in Business Consulting,
Technology and Digital services to the financial services
industry. This allows us to have a unique agility, enabling us to
continuously deliver high-end, innovative service to our clients
in a rapidly-changing environment. In recent years, our work in
Blockchain and Artificial Intelligence have earned tremendous
industry accolades and recognition, as we’ve steadily deployed
transformative AI solutions and engaged in over a dozen
Blockchain projects across the globe.
Laurent Pedo Our global Systems Integration practice is renowned for our
Finastra Practice Head industry-leading support of complex financial services trading
technologies across the front, middle, and back office that require
both domain and technical knowledge.
After years of systems integration experience with Finastra
products, we entered into a formal partnership. Finastra’s deep
portfolio, strong global presence and open and componentized
software inspired us to join hands. Perhaps most important was
our shared vision to develop innovative, robust solutions for our
shared clients in banking and the capital markets – and Finastra’s
open architecture makes this vision possible.
With 18 global offices, including in financial hubs such as New
York, Singapore, London and Paris and a delivery center in Serbia,
we are well positioned to service Finastra’s global clientele.
Additionally, our mixed-shore development approach provides
our clients with maximum availability and service flexibility. We
are excited to work with such a dynamic and expansive set of
products, and look forward to delivering powerful, innovative, and
transformative solutions for our clients.”
 Finastra Capabilities | 1

Synechron | Core Service Offerings

One of the fastest-growing Digital, Business Consulting &
Technology services firms.
Synechron is a global consulting and technology organization providing innovative
solutions to the financial services industry through its three main business focus
areas: Digital, Business Consulting, and Technology.

New
2001 18 $500m 8000+ 150+ 28%
York

Founded Global Self-funded People Active Headquartered Y-o-Y

Locations enterprise Clients Growth

Our Focus Area - The Power of 3

Digital Business Consulting Technology

The digital landscape is always a moving We engineer solutions and services Leverage our systems integration
target. We can help you stay ahead of designed to meet rapidly changing, experience and methodologies to assure
the curve with the best creative minds and constantly evolving markets. a successful outcome every time.
in everything from strategy to UX, to
• Strategy & Operations • Systems Integration
marketing science, and development.
• Digital Banking • Enterprise Architecture &
• Blockchain
Strategy
• Finance & Risk
• Artificial Intelligence &
• Application Development &
Machine Learning • Financial Crime
Maintenance
• Research & Strategy • Regulations
• Quality Assurance
• Digital & Branch Transformation • Data Management &
• Infrastructure Management
Governance
• Experience & Interaction Design
• Data & Analytics
• Development
• Cloud Computing
• Analytics & Post Deployment Support
 Finastra Capabilities | 2

FinLabs - Igniting Digital Innovation

Blockchain Beacons &

Contextual
Advice

In today’s digital world, financial blockchain. This allows them to deploy

institutions face a real threat from new technologies more quickly to solve User
disruptive new technologies. But these critical business issues and make better Digital Branch
Transformation Experience
technologies also present a tangible decisions with faster insights.
opportunity. Synechron is dedicated
to leading our clients into the next Unlike other innovation labs and
generation of financial services, and to do accelerators that bring together industry
so, we have made a significant investment participants to discuss theoretical ideas,
in digital innovation. FinLabs is more than just a collaborative Gamification
space. We listened to clients’ feedback Internet of
Things (IoT)
We now have eleven FinLabs around that current industry proofs of concepts
the globe, to enable our clients to (POCs) are weak or have trivial objectives
become fully immersed in the wealth and thought about how to create
of new technology available. Clients something better.
can actually touch and feel the latest Virtual
digital technologies and be energized FinLabs acts as an innovation hub — Agents
Artificial
and inspired to develop transformative allowing our clients to reap the benefits Intelligence
solutions. Visitors can do everything of Synechron’s digital R&D investment
from role-playing the customer journey and scale transformative ideas with
through a typical digital engagement access to the brightest minds using
scenario in order to understand the cutting-edge technology. Synechron
impact of beacons, drones, biometric combines the “Power of 3” — business
authentication and virtual reality, to process knowledge, digital design, and
Consumer
prototyping around new technologies like core technology delivery excellence — to Wearables &
drive transformative solutions. Biometrics
 Finastra Capabilities | 3

Finastra Practice Overview

The result of a merger between financial enables client innovation. Whether your decade of hands-on Finastra experience,
technology giants Misys and D+H, interest is retail banking, transaction Synechron is prepared to extend our
Finastra is the world’s third-largest banking, lending, or treasury and capital financial services expertise and innovative
fintech company as of 2018. Finastra markets, Synechron can help you get the approach to help you implement,
provides mission-critical solutions for most out of Finastra’s technology. migrate, upgrade, and optimize your
financial institutions, offering a unique As a Finastra InFusion Premier Select Finastra solutions.
componentized, open architecture that Partner with a global reach and over a

Synechron Systems Integration provides:

Seamless Implementation: Reduced Cost of Ownership: Minimize Risk:

Deploy your Finastra solution without Cost-effective application management Our Quality Assurance expertise and rich
interrupting business operations and support with our mix-shore approach consulting experience across a broad
scope of financial services operations
helps us reduce our clients’ risk and
regulatory exposure

Maximize Effectiveness: Innovation Integration:

Deep product and industry knowledge Integrate emerging technologies such as
enables our team to optimize Finastra Blockchain and Artificial Intelligence to
products to meet our clients’ specific improve operational efficiency, expand
needs and requirements capabilities and reduce risk
 Finastra Capabilities | 4

Synechron’s Systems Integration Capabilities

Synechron's Systems Integration practice
has extensive experience delivering rich,
end-to-end services across the world,
supported by our 18 global offices. From
implementation and migration through
maintenance and customization, our
deep Systems Integration experience is
enhanced through financially-focused
Business Consulting, Technology and
Digital services, enabling Synechron to
optimize your Finastra solutions and
maximize the return on investment.
Our services include Managed Services,
Testing Factory, Business Consulting &
Project Management, and Training.

Managed Services Business Consulting & Project

Management
• Predefined scope with explicit KPIs
and challenging deadlines utilizing a • End-to-end project delivery for
dedicated team projects ranging from short-term to
long-term, multiyear initiatives
• Multi-platform “Run the Bank”
capacity • Examples of engagement include:
greenfield implementation, system
• Mixshore approach, “where upgrades, system health checks,
applicable" audit and recommendation,
workflow review, etc.

Testing Factory Training

• Design, track, and manage test • Standard or tailor-made courses

cases and runs
• Customized courses for End-users,
• Define acceptance criteria and fine- Business Analysts, and Developers
tune systems to achieve acceptance

• Continuous testing utilizing an

automated UI testing tool
 Finastra Capabilities | 5

Finastra Core Service Offerings

Synechron’s Finastra practice works across Finastra’s five core
banking and financial services offerings:

Treasury & Capital Transaction Retail

Lending Banking Payments
Markets Banking

We are a Finastra Premier Select Partner Finastra’s other key products including developed in our Financial Innovation
for the FusionCapital and FusionBanking Kondor+ and Opics. Labs (FinLabs) and will continue to add
product suites where we support Summit, to the list of products we support.
Sophis, LoanIQ and TI+ as part of the In addition, we work with Finastra to
partnership and have strong experience deliver our mutual clients innovative
working on client-driven use cases for solutions using the latest technologies

Capital Markets

With deep domain expertise, Synechron offers clients design and development
experience, across front-, middle-, and back-offices, across all asset classes, throughout
the trade life-cycle. Additionally, risk and regulatory compliance experts work to
mitigate potential financial or regulatory complications, and streamline and automate
reporting for new and existing systems.

Finastra Premier Select Partner: FusionCapital

Summit Sophis
• Cross-asset coverage including: • Trading, risk management and
OTC derivatives, structured trading, operations solution across asset-
vanilla and structured fixed classes
income, treasury, exchange-traded • Structured products support
derivatives
• Real-time position monitoring and
• Systematic Risk Management for P&L calculations
market risk and credit risk
• Market Risk analytics
• Risk aggregation view
• Value at Risk calculations
• Collateral and margin management
• Comprehensive reporting
• Workflow automation
• Risk calculation and mitigation
• Central counterparty clearing
• Regulatory reporting for OTC
• Cross-asset accounting derivatives
• Confirmation and payments
generation
• Automated clearing
 Finastra Capabilities | 6

Deep Practice Experience: FusionCapital

Kondor+ Opics
• FX and money market trading • Cross-Asset, end-to-end Treasury
• Pre-trade analytics, simulation, real- Operations
time position keeping and P&L • Standardized cross-asset
• Integrated structuring model derivatives processing for position
management, workflow, trade
• Global market risk simulation
confirmation accounting and
• Out-of-the-box coverage for local settlement
market conventions for trading and
• Configurable trader desktop
settlements
• Web-based, customer-facing FX
• Front-to-back-office trade processing
portal
• User-defined reporting
• Middle -office portfolio simulations,
hedging, optimization, portfolio
management and backtesting
• Back-office workflow management
• Automated confirmation
management
• Full, multi-entity, multi-currency GL
• Transaction monitoring and position
activity

Lending & Transaction Banking

Synechron provides clients with extensive experience in the Lending and Transaction
Banking lines of business, providing front-to-back Systems Integration services for
numerous clients, performing architectural assessments on existing systems, and
developing Blockchain applications for Lending.

Finastra Premier Select Partner: FusionBanking

LoanIQ TI+ and corporate channels

• Comprehensive lifecycle • Trade & Supply Chain Finance
management for loans • Core processing
• Real-time view of back-office • Comprehensive traditional trade
transactions instruments
• Online client portal • Consolidated view of trade finance
• Streamlined book running, with configurable workflows
document distribution and deal • Global and regional processing
management
• Customizable SLA Dashboard
• Straight-through-processing
• Automation-enabled credit risk
management tools
 Finastra Capabilities | 7

Thought Leadership

SWIFT 2018/2019: Ushering in a Digital Revolution

for Trade Finance
Despite being one of the oldest forms of will have an easier time adhering to by larger banks to process these
banking, Trade Finance has gone largely the new standards and are in a position transactions, outsourcing their opera-
unchanged by the numerous technology to evaluate emerging technologies tional burden and eating into revenue as
revolutions over the decades. For many, such as Blockchain as potential SWIFT they adjust to new standards.
this process remains predominately replacements when more mature. What Additionally, these banks could also face
manual, with banks using spreadsheets is true for all, is that the time to act is heavy competition from digitized banks
or systems developed in the 80s to track now. who can deliver superior customer
financing and guaranteeing a transfer of experience related to letter of credit
goods vs. payments. The annual SWIFT issuances with faster payments so that
standard updates due in November 2018
and even more in November 2019 will
Act Now customers don’t have to wait as long for
funds to hit their accounts.
see a substantial change for the industry
with the massive modifications for The good news, however, is that not
MT7xx series that will undoubtedly have only is it possible to catch up, but doing
a significant impact for the day to day so would yield significant benefits.
work for trade finance. Treating SWIFT compliance and the
modernization it requires with urgency
Banks operate on a broad spectrum will safeguard against larger and more
of digital maturity, which will require digitally mature businesses as well as
vastly different degrees of architectural present new opportunities. In addition to
change from each bank to allow for the improving the efficiency of transaction
For those yet to begin initiatives to
processing and scalability required by processing and minimizing the amount
adhere to new SWIFT standards, the
the messaging standards can be met. of processing needing to be insourced
bad news is it may already be too late
Given this, there is no one-size-fits-all through major banks, a more digital-
to ensure readiness in due time. For
approach. Those that are operating ly-enabled infrastructure would enable
predominately manual banks, falling
manually face significant architecture firms to engage in automation, improve
out of SWIFT compliance will require
modernization while those operating on platform integration, and have better risk
the addition of personnel to process all
legacy Trade Finance platforms will need insights. Compliance through moderni-
documents manually, which is cumber-
to work with their providers to assure zation can place a bank in a position to
some, error-prone and costly. Small and
that new messaging requirements can be a market leader as others struggle to
regional banks operating out of compli-
be met. More digitally-enabled business adapt.
ance may have to use services provided
 Finastra Capabilities | 8

Considerations for using DLT with downstream workflows

managed completely digitally using
System Modernization Looking Forward smart contracts and digital payments.
Synechron’s Trade Finance Accelerator
SWIFT compliance is critical in the short-
Vendor software is one way to work offers clients a means to jumpstart
term; however, it’s worth looking beyond
toward SWIFT compliance. Banks still their Blockchain initiatives by enabling
SWIFT for the long-term. By acting as
relying on excel or legacy proprietary firms to use Synechron’s Trade Finance
a driving force toward Trade Finance
systems stand to benefit greatly from the Accelerator as a foundation for a more
modernization, SWIFT has opened the
implementation of cutting-edge systems expansive project. This Accelerator
door to firms embracing digital solutions
catering to Trade Finance, such as demonstrates how Blockchain can
capable of more than just delivering
Finastra’s FusionBanking Trade be used to create a connected, digital
compliance, Straight-Through-Processing
Innovation+, as a means to modernize workflow of all participants (banks,
(STP) and payments. Some digitally-
the entire Trade Finance operation, suppliers and buyers, credit rating and
enabled banks are already exploring
expand functionality, and accelerate shipping providers, etc.) resulting in
possibilities beyond SWIFT for the future,
their compliance roadmap reduced settlement times, risk and fraud
and could think about expanding existing
implementations. mitigation, and lower processing costs.
Proof of Concepts (POCs) to achieve
Understanding emerging technologies
compliance for the short-term. Those
For those that are already using software such as Blockchain will help firms avoid
currently engaging in modernization
to manage their businesses, their focus playing catch-up when the next Trade
to reach compliance can be evaluating
may require software upgrades as well Finance revolution occurs.
alternatives to include in a longer-term
as working with their vendors to share roadmap. Despite being the farthest
their needs and requirements for new The impending SWIFT changes in
behind, manual banks looking to invest 2018 and 2019 will significantly alter
functionality needed to address these heavily in the future have a cleaner
new standards. Even more digitally the Trade Finance landscape. The
entry to the digital space as they are importance cannot be overlooked as
advanced banks may find that while uninhibited by legacy infrastructure.
they have the infrastructure to handle SWIFT’s changes are representative of
these changes, their software version is a banking industry-wide shift towards
One potentially-disruptive technology
outdated. Thus, it is critical that banks more granular messaging requirements
is Blockchain, which is uniquely
perform an impact report to identify and the migration toward digital
capable of serving Trade Finance in
necessary updates and remaining gaps. architecture. SWIFT Compliance should
new and exciting ways. Blockchain
Synechron applies its knowledge of be prioritized not just to catch up to tail
offers a decentralized database for all
SWIFT regulations, Trade Finance, and end of this movement, but to position for
participants, allowing those across the
vendor solutions such as FusionBanking the future. With deadlines unattainable
network to create a single source of truth
Trade Innovation+, to help banks identify for firms yet to start considering the
without the need to rely on a central
gaps, update necessary systems, and changes, it’s imperative that trading
authority. Data agreed upon across the
prepare for regulation. When creating a innovation system implementation and/
Distributed Ledger Technology (DLT)
modernization strategy, it is important or update initiatives begin immediately.
underlying blockchain applications can
to note that system implementation and Understanding the urgency to undergo
then be advanced via a digital workflow
upgrade projects can be a significant these initiatives, Synechron is prepared
based on “consensus” logic coded into
time investment, further emphasizing to help expedite the update delivery
smart contracts that will automatically
the need to act now. process for all clients. Additionally, now
execute when pre-specified terms
is the time to consider digital alternatives
and conditions are met. Ultimately,
to SWIFT such as Blockchain. SWIFT’s
this results in executing a payment
updates are an indication of broader
in a fraction of the steps and without
trends, so rather than playing catch up
involving a third-party.
the next time sweeping changes come
Many banks are engaging in POCs to around, be ready.
prove business cases such as how a
Letter of Credit could be issued digitally
 Finastra Capabilities | 9

Finastra Practice Leadership

Laurent Pedo
Finastra Practice Head Novesh Khobrekar Sebastien Avot
Test Automation Architect, LoanIQ SME Alliances Director
Laurent joined Synechron following 20
years at Misys, where he served as COO. Novesh applies Test Automation Based out of Paris, Sebastien is a
Based out of Synechron’s Paris office, he expertise to extensive experience with Director in Synechron’s Systems
brings both an immense knowledge of Finastra products, serving as a LoanIQ Integration practice, overseeing
Finastra products and a deep expertise in subject matter expert (SME) for a major Alliances & Strategic Partnerships as
the Buy-Side, Transaction Banking, Core bank and leading numerous LoanIQ well as Business Intelligence. Prior to his
Banking and Syndicated Lending to the and Opics projects at major financial current role, Sebastien spent 12 years
Systems Integration team. institutions. Additionally, Novesh in business development management,
provides expertise in Selenium, Java and joining in 2004 to head a London
Python and has experience working practice, transitioning to managing
on RPA and Data Analytics projects. He international new business in 2010,
first joined Synechron in 2007, having and in 2013 co-leading Swiss business
previously worked at Cybage Software, development for Synechron. He is now
an IT consulting firm. Novesh received fully dedicated in his Alliances Director
his education from Goa University. role. He received in 1997 his ESB/CESEM
double degree from NEOMA (Reims
Management School - France) and from
Fachhochschule Reutlingen (Germany).

Jamie Gallagher
Managing Director, Systems Integration
Services
Jamie is a Managing Director in
Synechron’s Systems Integration
practice based out of London working
with some of Synechron’s leading Johann Doassans
partners including Murex, Finastra
and Calypso. He co-founded Cityfront Managing Director, Systems Integration
Group in 2012, the global business Services
and technology consultancy dedicated Johann is a Managing Director in
to the financial markets sector, Synechron’s Systems Integration
which was acquired by Synechron practice working with some of
in 2016. The company specialized Synechron’s leading partners including
in providing a wide range of services Murex, Finastra and Calypso. He
which include designing business & co-founded Cityfront Group in 2012,
technical architecture, implementation the global business and technology
of trading technologies and application consultancy dedicated to the financial
management. Prior to that he spent over markets sector, which was acquired
a decade at the outsourcing firm Expotel by Synechron in 2016. The company
(a Capita owned company) focused on specialized in providing a wide range
Sales, Account Management, Operations of services which include designing
and Finance, which has allowed him to business & technical architecture,
bring a strong commercial strategy to implementation of trading technologies
the group. and application management. He
received his education from ESUP
Rennes.
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