Synechron, Inc., one of the fastest-growing digital, business consulting & technology services providers based in New York, has announced the acquisition of Hatstand, a global financial services consultancy and capital markets specialist, aiming to create industry’s top digital consulting & tech firm.

Established in 2001, Synechron is focused on creating the financial services industry’s leading consulting and technology organization; an organization capable of defining and delivering solutions that address the most difficult business challenges brought about by a wave of new technologies. The company is helping global financial firms leverage innovations such as artificial intelligence and blockchain technology.

This acquisition further builds Synechron’s consulting capabilities for world-leading financial institutions in key areas such as cybersecurity, market data and risk and regulatory compliance.

"All industries, and financial services in particular, are feeling the pressure to modernize and leverage new technologies to more effectively compete,” explains Faisal Husain, Chief Executive Officer of Synechron. “As a result, our clients are being forced to rethink their digital strategies. This acquisition addresses the growing need for expert consulting that offers leadership with innovation.”

Hatstand collaborates closely with its clients to deliver flexible, software-enabled solutions to address a diverse set of challenges.  It offers its clients the opportunity to combine its deep domain experience and delivery capabilities with innovative technologies with software-enabled services. 

Hatstand’s capabilities are expected to enhance Synechron’s existing consultancy services while adding data management expertise. Through a shared passion for innovation and a client-centric approach, the combined business proposition will offer financial services organizations access to expert, end-to-end solutions, delivered at scale in an agile and cost-effective manner.

"We share the same vision as Synechron, in terms of delivering the highest quality service and investing in our people. This move represents a natural next step in our continued growth, and we are looking forward to being able to offer our clients extended capabilities and reach”, said Adam Bennett, President and Executive Chairman of Hatstand.