Finastra Capabilities “As a private company, Synechron has made a commitment to provide cutting-edge, end-to-end services in Business Consulting, Technology and Digital services to the industry. This allows us to have a unique agility, enabling us to continuously deliver high-end, innovative service to our clients in a rapidly-changing environment. In recent years, our work in Blockchain and Artificial Intelligence have earned tremendous industry accolades and recognition, as we’ve steadily deployed transformative AI solutions and engaged in over a dozen Blockchain projects across the globe. Laurent Pedo Our global Systems Integration practice is renowned for our Practice Head industry-leading support of complex financial services trading technologies across the front, middle, and back office that require both domain and technical knowledge. After years of systems integration experience with Finastra products, we entered into a formal partnership. Finastra’s deep portfolio, strong global presence and open and componentized software inspired us to join hands. Perhaps most important was our shared vision to develop innovative, robust solutions for our shared clients in banking and the capital markets – and Finastra’s open architecture makes this vision possible. With 18 global offices, including in financial hubs such as New York, Singapore, and Paris and a delivery center in Serbia, we are well positioned to service Finastra’s global clientele. Additionally, our mixed-shore development approach provides our clients with maximum availability and service flexibility. We are excited to work with such a dynamic and expansive set of products, and look forward to delivering powerful, innovative, and transformative solutions for our clients.” Finastra Capabilities | 1

Synechron | Core Service Offerings

One of the fastest-growing Digital, Business Consulting & Technology services firms. Synechron is a global consulting and technology organization providing innovative solutions to the financial services industry through its three main business focus areas: Digital, Business Consulting, and Technology.

New 2001 18 $500m 8000+ 150+ 28% York

Founded Global Self-funded People Active Headquartered Y-o-Y Locations enterprise Clients Growth

Our Focus Area - The Power of 3

Digital Business Consulting Technology

The digital landscape is always a moving We engineer solutions and services Leverage our systems integration target. We can help you stay ahead of designed to meet rapidly changing, experience and methodologies to assure the curve with the best creative minds and constantly evolving markets. a successful outcome every time. in everything from strategy to UX, to • Strategy & Operations • Systems Integration marketing science, and development. • Digital Banking • Enterprise Architecture & • Blockchain Strategy • Finance & Risk • Artificial Intelligence & • Application Development & Machine Learning • Financial Crime Maintenance • Research & Strategy • Regulations • Quality Assurance • Digital & Branch Transformation • Data Management & • Infrastructure Management Governance • Experience & Interaction Design • Data & Analytics • Development • Cloud Computing • Analytics & Post Deployment Support Finastra Capabilities | 2

FinLabs - Igniting Digital Innovation

Blockchain Beacons & Contextual Advice

In today’s digital world, financial blockchain. This allows them to deploy institutions face a real threat from new technologies more quickly to solve User disruptive new technologies. But these critical business issues and make better Digital Branch Transformation Experience technologies also present a tangible decisions with faster insights. opportunity. Synechron is dedicated to leading our clients into the next Unlike other innovation labs and generation of financial services, and to do accelerators that bring together industry so, we have made a significant investment participants to discuss theoretical ideas, in digital innovation. FinLabs is more than just a collaborative Gamification space. We listened to clients’ feedback Internet of Things (IoT) We now have eleven FinLabs around that current industry proofs of concepts the globe, to enable our clients to (POCs) are weak or have trivial objectives become fully immersed in the wealth and thought about how to create of new technology available. Clients something better. can actually touch and feel the latest Virtual FinLabs acts as an innovation hub — digital technologies and be energized Artificial Agents and inspired to develop transformative allowing our clients to reap the benefits Intelligence solutions. Visitors can do everything of Synechron’s digital R&D investment from role-playing the customer journey and scale transformative ideas with through a typical digital engagement access to the brightest minds using scenario in order to understand the cutting-edge technology. Synechron impact of beacons, drones, biometric combines the “Power of 3” — business process knowledge, digital design, and authentication and virtual reality, to Consumer prototyping around new technologies like core technology delivery excellence — to Wearables & drive transformative solutions. Biometrics Finastra Capabilities | 3

Finastra Practice Overview

The result of a merger between financial enables client innovation. Whether your decade of hands-on Finastra experience, technology giants Misys and D+H, interest is retail banking, transaction Synechron is prepared to extend our Finastra is the world’s third-largest banking, lending, or treasury and capital financial services expertise and innovative fintech company as of 2018. Finastra markets, Synechron can help you get the approach to help you implement, provides mission-critical solutions for most out of Finastra’s technology. migrate, upgrade, and optimize your financial institutions, offering a unique As a Finastra InFusion Premier Select Finastra solutions. componentized, open architecture that Partner with a global reach and over a

Synechron Systems Integration provides:

Seamless Implementation: Reduced Cost of Ownership: Minimize Risk: Deploy your Finastra solution without Cost-effective application management Our Quality Assurance expertise and rich interrupting business operations and support with our mix-shore approach consulting experience across a broad scope of financial services operations helps us reduce our clients’ risk and regulatory exposure

Maximize Effectiveness: Innovation Integration: Deep product and industry knowledge Integrate emerging technologies such as enables our team to optimize Finastra Blockchain and Artificial Intelligence to products to meet our clients’ specific improve operational efficiency, expand needs and requirements capabilities and reduce risk Finastra Capabilities | 4

Synechron’s Systems Integration Capabilities

Synechron's Systems Integration practice has extensive experience delivering rich, end-to-end services across the world, supported by our 18 global offices. From implementation and migration through maintenance and customization, our deep Systems Integration experience is enhanced through financially-focused Business Consulting, Technology and Digital services, enabling Synechron to optimize your Finastra solutions and maximize the return on investment. Our services include Managed Services, Testing Factory, Business Consulting & Project Management, and Training.

Managed Services Business Consulting & Project Management • Predefined scope with explicit KPIs and challenging deadlines utilizing a • End-to-end project delivery for dedicated team projects ranging from short-term to long-term, multiyear initiatives • Multi-platform “Run the ” capacity • Examples of engagement include: greenfield implementation, system • Mixshore approach, “where upgrades, system health checks, applicable" audit and recommendation, workflow review, etc.

Testing Factory Training

• Design, track, and manage test • Standard or tailor-made courses cases and runs • Customized courses for End-users, • Define acceptance criteria and fine- Business Analysts, and Developers tune systems to achieve acceptance

• Continuous testing utilizing an automated UI testing tool Finastra Capabilities | 5

Finastra Core Service Offerings

Synechron’s Finastra practice works across Finastra’s five core banking and financial services offerings:

Transaction Retail Treasury & Capital Lending Payments Markets Banking Banking

We are a Finastra Premier Select Partner Finastra’s other key products including developed in our Financial Innovation for the FusionCapital and FusionBanking Kondor+ and Opics. Labs (FinLabs) and will continue to add product suites where we support Summit, to the list of products we support. Sophis, LoanIQ and TI+ as part of the In addition, we work with Finastra to partnership and have strong experience deliver our mutual clients innovative working on client-driven use cases for solutions using the latest technologies

Capital Markets

With deep domain expertise, Synechron offers clients design and development experience, across front-, middle-, and back-offices, across all asset classes, throughout the trade life-cycle. Additionally, risk and regulatory compliance experts work to mitigate potential financial or regulatory complications, and streamline and automate reporting for new and existing systems.

Finastra Premier Select Partner: FusionCapital

Summit Sophis • Cross-asset coverage including: • Trading, risk management and OTC derivatives, structured trading, operations solution across asset- vanilla and structured fixed classes income, treasury, exchange-traded • Structured products support derivatives • Real-time position monitoring and • Systematic Risk Management for P&L calculations market risk and credit risk • Market Risk analytics • Risk aggregation view • Value at Risk calculations • Collateral and margin management • Comprehensive reporting • Workflow automation • Risk calculation and mitigation • Central counterparty clearing • Regulatory reporting for OTC • Cross-asset accounting derivatives • Confirmation and payments generation • Automated clearing Finastra Capabilities | 6

Deep Practice Experience: FusionCapital

Kondor+ Opics • FX and money market trading • Cross-Asset, end-to-end Treasury • Pre-trade analytics, simulation, real- Operations time position keeping and P&L • Standardized cross-asset • Integrated structuring model derivatives processing for position management, workflow, trade • Global market risk simulation confirmation accounting and • Out-of-the-box coverage for local settlement market conventions for trading and • Configurable trader desktop settlements • Web-based, customer-facing FX • Front-to-back-office trade processing portal • User-defined reporting • Middle -office portfolio simulations, hedging, optimization, portfolio management and backtesting • Back-office workflow management • Automated confirmation management • Full, multi-entity, multi-currency GL • Transaction monitoring and position activity

Lending & Transaction Banking

Synechron provides clients with extensive experience in the Lending and Transaction Banking lines of business, providing front-to-back Systems Integration services for numerous clients, performing architectural assessments on existing systems, and developing Blockchain applications for Lending.

Finastra Premier Select Partner: FusionBanking

LoanIQ TI+ and corporate channels • Comprehensive lifecycle • Trade & Supply Chain Finance management for loans • Core processing • Real-time view of back-office • Comprehensive traditional trade transactions instruments • Online client portal • Consolidated view of trade finance • Streamlined book running, with configurable workflows document distribution and deal • Global and regional processing management • Customizable SLA Dashboard • Straight-through-processing • Automation-enabled credit risk management tools Finastra Capabilities | 7

Thought Leadership

SWIFT 2018/2019: Ushering in a Digital Revolution for Trade Finance

Despite being one of the oldest forms of will have an easier time adhering to by larger to process these banking, Trade Finance has gone largely the new standards and are in a position transactions, outsourcing their opera- unchanged by the numerous technology to evaluate emerging technologies tional burden and eating into revenue as revolutions over the decades. For many, such as Blockchain as potential SWIFT they adjust to new standards. this process remains predominately replacements when more mature. What Additionally, these banks could also face manual, with banks using spreadsheets is true for all, is that the time to act is heavy competition from digitized banks or systems developed in the 80s to track now. who can deliver superior customer financing and guaranteeing a transfer of experience related to letter of credit goods vs. payments. The annual SWIFT issuances with faster payments so that standard updates due in November 2018 Act Now customers don’t have to wait as long for and even more in November 2019 will funds to hit their accounts. see a substantial change for the industry with the massive modifications for The good news, however, is that not MT7xx series that will undoubtedly have only is it possible to catch up, but doing a significant impact for the day to day so would yield significant benefits. work for trade finance. Treating SWIFT compliance and the modernization it requires with urgency Banks operate on a broad spectrum will safeguard against larger and more of digital maturity, which will require digitally mature businesses as well as vastly different degrees of architectural present new opportunities. In addition to change from each bank to allow for the For those yet to begin initiatives to improving the efficiency of transaction processing and scalability required by adhere to new SWIFT standards, the processing and minimizing the amount the messaging standards can be met. bad news is it may already be too late of processing needing to be insourced Given this, there is no one-size-fits-all to ensure readiness in due time. For through major banks, a more digital- approach. Those that are operating predominately manual banks, falling ly-enabled infrastructure would enable manually face significant architecture out of SWIFT compliance will require firms to engage in automation, improve modernization while those operating on the addition of personnel to process all platform integration, and have better risk legacy Trade Finance platforms will need documents manually, which is cumber- insights. Compliance through moderni- to work with their providers to assure some, error-prone and costly. Small and zation can place a bank in a position to that new messaging requirements can regional banks operating out of compli- be a market leader as others struggle to be met. More digitally-enabled business ance may have to use services provided adapt. Finastra Capabilities | 8

Considerations for using DLT with downstream workflows managed completely digitally using System Modernization Looking Forward smart contracts and digital payments. Synechron’s Trade Finance Accelerator SWIFT compliance is critical in the short- offers clients a means to jumpstart Vendor software is one way to work term; however, it’s worth looking beyond their Blockchain initiatives by enabling toward SWIFT compliance. Banks still SWIFT for the long-term. By acting as firms to use Synechron’s Trade Finance relying on excel or legacy proprietary a driving force toward Trade Finance Accelerator as a foundation for a more systems stand to benefit greatly from the modernization, SWIFT has opened the expansive project. This Accelerator implementation of cutting-edge systems door to firms embracing digital solutions demonstrates how Blockchain can catering to Trade Finance, such as capable of more than just delivering be used to create a connected, digital Finastra’s FusionBanking Trade compliance, Straight-Through-Processing workflow of all participants (banks, Innovation+, as a means to modernize (STP) and payments. Some digitally- suppliers and buyers, credit rating and the entire Trade Finance operation, enabled banks are already exploring shipping providers, etc.) resulting in expand functionality, and accelerate possibilities beyond SWIFT for the future, reduced settlement times, risk and fraud their compliance roadmap and could think about expanding existing mitigation, and lower processing costs. implementations. Proof of Concepts (POCs) to achieve Understanding emerging technologies compliance for the short-term. Those such as Blockchain will help firms avoid For those that are already using software currently engaging in modernization playing catch-up when the next Trade to manage their businesses, their focus to reach compliance can be evaluating Finance revolution occurs. may require software upgrades as well alternatives to include in a longer-term as working with their vendors to share roadmap. Despite being the farthest their needs and requirements for new The impending SWIFT changes in behind, manual banks looking to invest 2018 and 2019 will significantly alter functionality needed to address these heavily in the future have a cleaner new standards. Even more digitally the Trade Finance landscape. The entry to the digital space as they are importance cannot be overlooked as advanced banks may find that while uninhibited by legacy infrastructure. they have the infrastructure to handle SWIFT’s changes are representative of a banking industry-wide shift towards these changes, their software version is One potentially-disruptive technology more granular messaging requirements outdated. Thus, it is critical that banks is Blockchain, which is uniquely and the migration toward digital perform an impact report to identify capable of serving Trade Finance in architecture. SWIFT Compliance should necessary updates and remaining gaps. new and exciting ways. Blockchain be prioritized not just to catch up to tail Synechron applies its knowledge of offers a decentralized database for all end of this movement, but to position for SWIFT regulations, Trade Finance, and participants, allowing those across the the future. With deadlines unattainable vendor solutions such as FusionBanking network to create a single source of truth for firms yet to start considering the Trade Innovation+, to help banks identify without the need to rely on a central changes, it’s imperative that trading gaps, update necessary systems, and authority. Data agreed upon across the innovation system implementation and/ prepare for regulation. When creating a Distributed Ledger Technology (DLT) or update initiatives begin immediately. modernization strategy, it is important underlying blockchain applications can Understanding the urgency to undergo to note that system implementation and then be advanced via a digital workflow these initiatives, Synechron is prepared upgrade projects can be a significant based on “consensus” logic coded into to help expedite the update delivery time investment, further emphasizing smart contracts that will automatically process for all clients. Additionally, now the need to act now. execute when pre-specified terms is the time to consider digital alternatives and conditions are met. Ultimately, to SWIFT such as Blockchain. SWIFT’s this results in executing a payment updates are an indication of broader in a fraction of the steps and without trends, so rather than playing catch up involving a third-party. the next time sweeping changes come Many banks are engaging in POCs to around, be ready. prove business cases such as how a Letter of Credit could be issued digitally Finastra Capabilities | 9

Finastra Practice Leadership

Laurent Pedo Finastra Practice Head Novesh Khobrekar Sebastien Avot Test Automation Architect, LoanIQ SME Alliances Director Laurent joined Synechron following 20 years at Misys, where he served as COO. Novesh applies Test Automation Based out of Paris, Sebastien is a Based out of Synechron’s Paris office, he expertise to extensive experience with Director in Synechron’s Systems brings both an immense knowledge of Finastra products, serving as a LoanIQ Integration practice, overseeing Finastra products and a deep expertise in subject matter expert (SME) for a major Alliances & Strategic Partnerships as the Buy-Side, Transaction Banking, Core bank and leading numerous LoanIQ well as Business Intelligence. Prior to his Banking and Syndicated Lending to the and Opics projects at major financial current role, Sebastien spent 12 years Systems Integration team. institutions. Additionally, Novesh in business development management, provides expertise in Selenium, Java and joining in 2004 to head a London Python and has experience working practice, transitioning to managing on RPA and Data Analytics projects. He international new business in 2010, first joined Synechron in 2007, having and in 2013 co-leading Swiss business previously worked at Cybage Software, development for Synechron. He is now an IT consulting firm. Novesh received fully dedicated in his Alliances Director his education from Goa University. role. He received in 1997 his ESB/CESEM double degree from NEOMA (Reims Management School - France) and from Fachhochschule Reutlingen (Germany).

Jamie Gallagher Managing Director, Systems Integration Services Jamie is a Managing Director in Synechron’s Systems Integration practice based out of London working with some of Synechron’s leading Johann Doassans partners including Murex, Finastra and Calypso. He co-founded Cityfront Managing Director, Systems Integration Group in 2012, the global business Services and technology consultancy dedicated Johann is a Managing Director in to the financial markets sector, Synechron’s Systems Integration which was acquired by Synechron practice working with some of in 2016. The company specialized Synechron’s leading partners including in providing a wide range of services Murex, Finastra and Calypso. He which include designing business & co-founded Cityfront Group in 2012, technical architecture, implementation the global business and technology of trading technologies and application consultancy dedicated to the financial management. Prior to that he spent over markets sector, which was acquired a decade at the outsourcing firm Expotel by Synechron in 2016. The company (a Capita owned company) focused on specialized in providing a wide range Sales, Account Management, Operations of services which include designing and Finance, which has allowed him to business & technical architecture, bring a strong commercial strategy to implementation of trading technologies the group. and application management. He received his education from ESUP Rennes. Global Footprint

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