Synechron launches new accelerator solution for LIBOR
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Synechron launches new accelerator solution for LIBOR 26 July 2019London Reporter: Maddie Saghir
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Synechron has launched the Data Science Accelerator for the London Interbank Offered Rate (LIBOR) Impact Analysis.
The accelerator will help financial services firms solve complex benchmarking challenges approaching the 2021 LIBOR phase-out deadline.
In addition, it is set to help financial services tap into a digital and data science toolkit to help drive larger global enterprise transformation initiatives.
The accelerator for LIBOR Impact Analysis enables financial institutions to identify and quantify their LIBOR exposure at either a contract level or across all contracts within an institution.
It can also identify and quantify LIBOR exposure at the contract level, or across all contracts within an institution.
The accelerator then allows contracts to be revalued using alternative rates and valuation models for a dramatic reduction of manual LIBOR impact assessments and enhanced productivity.
Faisal Husain, co-founder and CEO of Synechron, commented: 鈥淪ynechron鈥檚 Accelerator Programmes are business-driven solutions to complex problems our clients are facing every day. They provide strategies to address rapid changes in the regulatory landscape and digital transformation.鈥�
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