Synechron Inc., a New York-based consulting and technology innovator in the financial services industry, has established its new, state-of-the-art digital innovation centre in central London, dedicated to next generation banking and insurance.

The aim of the innovation centre is to help businesses leverage new and upcoming technologies, through the combined innovation of augmented reality, artificial intelligence, blockchain, natural language and biometrics, mobile, and touch & smart technologies.

“We envisioned and invested in building a space where our clients can come and touch the latest in the digital world, get inspired and learn about what trends and technologies are disrupting their customers’ banking experiences worldwide. We want to help our clients be at the very forefront of digital transformation to drive an entirely new concept of banking interaction and engagement”, said Faisal Husain, CEO of Synechron.

Fully operational from May 25th 2016, the London centre will offer Synechron’s customers several options; from brainstorming sessions for executive management, to a rapid prototyping challenge, or a one hour dedicated technology workshop. Besides various digital zones, it will also provide a platform to visitors to strategise and envision their digitisation journey with Synechron’s innovation team.

“We welcome our banking and insurance clients to our new London facility and any organisation that recognises the impact of digital transformation. With the launch of the London SDIC, our customers can step away from their normal office space and be fully immersed in a creative environment with digital technologies and experts at their disposal,” added David Horton, Managing Director for Innovation at Synechron.

One of the key technologies available to clients include new apps around blockchain, which gives customers the ability to transfer money from a mobile device and have that transfer credited to an account abroad in less than 6 seconds – whilst also giving confirmation of the exchange rate and the fees that have been built in.

The website says that the development teams have been working on Blockchain protocols like Ripple and Ethereum to develop best-in-class solutions for the clients.

“From FX cross border currency transfers to smart contract solutions for the import/export market, and even bitcoin enabled eWallets, we can help our clients experiment and develop new prototype apps that leverage the trusted networks and distributed ledger. We can collaborate, design and build your business on the value web”, Synechron’s SDIC web page reads.

The Synechron Digital Innovation Centres (SDIC) act as innovation hubs for clients committed to investing in technology and digital transformation – solving critical business issues and scaling these investments to achieve greater future business success.