Synechron launches in Riyadh to serve Saudi financial institutions

Synechron has expanded its footprint in the Middle East with the launch of a new office in Riyadh, lifting its regional presence to three offices.

Headquartered in New York, Synechron is a consulting, technology and managed services provider to the financial services sector. The firm has over 14,000 staff in 44 offices, with Riyadh the latest to join the network, alongside the existing Middle East hubs in Dubai and Abu Dhabi.

“We are excited to join the Riyadh business community and establish Synechron as a key participant in Saudi Arabia’s financial services industry, while contributing to the region’s vision and growth,” said Faisal Husain, Synechron’s co-founder and chief executive officer.

The Saudi market is not new to Synechron. With fly-in teams, the firm has previously helped a number of financial services companies, including “building a digital branch for a global bank, and helping another financial institution with a payments-related transformation,” said Husain.

“With our expanded footprint, we are able to more closely collaborate with our clients and better enable their digital technology-led business transformation.”

Suhail Basit, managing director and leader of Synechron’s MENA business, added: “We are pleased to expand our presence into the fast-growing market of Saudi Arabia and look forward to help local financial institutions with services and solutions to enhance and scale their businesses. This includes bringing them advanced methodologies and tools for digital transformation, data and analytics, artificial intelligence, and more.”

Synechron’s new office is located within Moon Tower, one of the more iconic building on King Fahd Road famous for its crescent moon shape (a common feature of Islamic architecture) and glass façade.

Designed by Spanish architect DNA, the multi-unit was selected by Synechron for its “contemporary workspaces, well-equipped meeting rooms, recreation areas, access to major transportation links, many other amenities…. and not to forget, its breathtaking views of the city,” said Basit.

Synechron has been active in the Middle East since the turn of the global financial crisis, stepping up its presence in the region in 2015 when it launched a digital center in Dubai. The Abu Dhabi offices was formed in recent years.