ACCELEX AND SYNECHRON HAVE PARTNERED TO ACCELERATE OPERATIONAL EFFICIENCY FOR UNSTRUCTURED DATA EXTRACTION AND MANAGEMENT FOR PRIVATE MARKETS MANAGERS
SYNECHRON, FRANCE, SEPTEMBER 15, 2021 – Synechron Inc. a leading digital transformation consulting firm focused exclusively on the financial services industry, today announced its formal partnership with Accelex to further drive operational efficiencies for its financial services clients globally by unleashing the power of private investment data. Accelex offers an advanced artificial intelligence (AI) and machine learning led automation system for effective data acquisition, analytics and reporting that can provide tangible benefits to investors and asset servicers.
Synechron has been working with Accelex since 2018 and has successfully leveraged the firm’s innovative AI and machine learning model based solutions for the trifecta of key data management: data acquisition, analytics and visual display reporting for clients. This years-long alignment and collaboration underlies the decision to define a more formal partnership between Accelex and Synechron.
For this project, Synechron Paris participated in developing Accelex’s automation technology tools as it built a cloud-based platform that facilitates the acquisition and aggregation of key data from unstructured formats, and displays key metrics for private market investors. The software developed through this collaboration integrates a document crawler to automatically detect and extract desired data from fund manager reports. Document analysis parses unstructured data from different pages/ sections and heterogenous fund reports, then applies unsupervised algorithms for targeted data extraction and the screening between global and fund-specific metrics. It then enables the variable layout display of key data, including tables and company names. This automated recognition, extraction, processing and visual reporting of the data resulted in a significant improvement in the extraction of key metrics from a fund report.
François-Bernard Mizrahi, Managing Director of Synechron France said, “since 2018, Synechron has been pleased to support Accelex’s innovative and ambitious platform developments. This project makes good use of both our software development and AI expertise, built over the years in our Serbian delivery centre. The success of our partnership can be seen in Accelex’s growth and achievements”.
Franck Vialaron, Founder and Chief Executive Officer at Accelex noted, “Synechron has been a great design partner from the prototyping phase to the release of the platform to our first client. Synechron is allowing us today to scale and support our growing client base”.
Synechron is a leading digital transformation consulting firm focused on the financial services industry and is working to accelerate digital initiatives for banks, asset managers, and insurance companies around the world. Synechron uniquely delivers these firms end-to-end digital, consulting and technology capabilities with expertise in wholesale banking, wealth management and insurance as well as emerging technologies like Blockchain, artificial intelligence and data science. Based in New York, the company has 22 offices around the globe with over 11,000 employees producing over $650M+ in annual revenue. For more information on the company please visit the Synechron website and LinkedIn page.
Accelex provides data acquisition, analytics and reporting solutions for investors and asset servicers enabling firms to access the full potential of critical investment performance and transactional data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex solutions automate processes for the extraction, analysis and sharing of difficult-to-access unstructured data. Founded by senior alternative investment executives, former BCG partners and successful fintech entrepreneurs, Accelex is headquartered in London with offices in Paris, New York, Toronto and Luxembourg.