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We created a blockchain solutions toolkit to drive interoperability forward in the financial services industry.

Synechron's proprietary FinLabs serve as innovation hubs. We invest the time and conduct the research necessary to understand our client's most pressing business challenges. Our experts then strategize cutting-edge technologies to solve these challenges.

We promote innovative ways to drive business efficiencies, support enhanced operations and accelerate their digital transformation. We ideate, engineer, and implement operational platforms, digital applications, and data science tools to empower the businesses we work with.

Key Benefits of Our Solutions

Solve real-world operational problems

Trade Finance

Trade Finance

Provides a working usable code and a private blockchain infrastructure to reduce trade finance risks, fraud and processing costs across the entire international trade finance system. It digitizes workflows for the highly-decentralized, paper contract-intensive, payments-based market of large banks, and provides a common workflow for all participants – banks, suppliers, buyers, credit rating agencies and shipping providers.
  • Shortens the trade finance cycle from months to days
  • Reduces fraud by providing a secure, distributed database for access, audits
  • Enables shared information for greater efficiencies
  • Uses digital currencies to reduce third-party payment transfer fees
Mortgage Lending

Mortgage Lending

Leverages blockchain technology to streamline the whole mortgage value chain – from application to closing – significantly enhancing efficiency and transparency. Addresses key industry challenges: Prolonged transaction times, varying lending criteria, and cumbersome due diligence processes. Reduces operational costs and errors for financial institutions and improves the overall customer mortgage experience.
  • Integrates with public real estate registries and personal finance applications
  • Improves loan search and credit qualification checks/approvals
  • Digitizes personalized credit and current account information
  • Enables peer-to-peer exchange for secured mortgage lending
Smart Margin Calls

Smart Margin Calls

Addresses the complexities of liquidity risk/collateral management of strict global regulations. Streamlines the margin call process in OTC derivative contracts – greatly reducing the time and costs associated with manual interventions. Embeds transaction valuation logic in smart contracts via a customizable Hyperledger Fabric private blockchain network to ensure efficient, error-free, and unanimous completion of margin calls.
  • Digitizes derivative legal agreements for streamlined processing
  • Automates calculations and management of margin calls using smart contracts
  • Enhances margin management and dispute resolution with minimal discrepancies
  • Integrates with existing trading and collateral management systems
Insurance Claims Processing

Insurance Claims Processing

Automates and objectifies claims validation, assessment, and payment – drastically reducing manual intervention. Creates a transparent/trusted environment for customers, insurers, and regulators, addressing inefficiencies and subjective biases of current practices. Uses smart contracts and authoritative data sources to streamline the full process, thereby reducing operational costs and fraud risks.
  • Enhances objectivity and transparency for claim assessment
  • Compliance with regulatory directives for efficient administrative procedures
  • Automates claim validation and payment execution via coded smart contracts
  • Integrates authoritative data sources for independent evidence verification
Global Payments

Global Payments

Blockchain-based payments system addresses the high costs and inefficiencies of traditional payment systems. Eliminates intermediaries and optimizes foreign-exchange rates. Instantaneous settlement, complete transaction tracking, and compliance with regulatory standards are key features. Enables a bank’s corporate/consumer customers to make transfers and review transactions.
  • Reduces counterpart risk by setting up trust relationships
  • Helps catalyze third-world financial inclusion
  • Integrates seamlessly with existing banking systems
  • Provides a secure and verifiable transaction environment through blockchain technology
Know Your Customer (KYC)

Know Your Customer (KYC)

Transforms the KYC process for banks, leveraging blockchain technology to securely and efficiently manage client data. Streamlines the end-to-end client interaction, allowing banks to regain ownership and control. Enhances compliance and operational efficiency by automating KYC and anti-money laundering (AML) controls through smart contracts and centralizing risk assessments.
  • Blockchain-based distributed database for secure data collection and sharing
  • Enhances client data security with private keys and encryption
  • Standardizes and automates policy operations to align with industry practices
  • Immutable, permissioned ledger ensures data integrity, reduces cyber threats

Reduce operational costs

Achieve significant savings by automating manual operations -- calls, emails, and paperwork. Eliminates redundant tasks and processing costs while minimizing human error. Uses digital currencies for payment transfers to slash third-party fees.

Bolster security measures

Secure transactions with blockchain technology. Its tamperproof nature, backed by a consensus-driven database, ensures no single party can alter transaction records. Enhances security and reliability of the transaction chain.

Elevate transparency standards

Foster trust and accuracy in transactions with shared access and validation. Blockchain’s uniform view for all network users eliminates the risk of duplicative uses or expenditure, ensuring absolute transparency in every transaction.

Enhance operational efficiency

Leverage blockchain to remove intermediaries, creating direct, more efficient settlement relationships. Speed up cycle time, streamline workflows, and reduce paper processing.

Wondering how you can join our innovation initiatives?

Discover careers at Synechron

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