Synechron Inc., a Digital Transformation consulting firm for the financial services industry has acquired Citihub Digital, a technology consulting firm.

The acquisition expands Synechron's existing capabilities and strength in areas across the Digital Enterprise, with Citihub Digital's strong focus on application modernisation, cloud enablement, cybersecurity and operating model transformation.

Citihub Digital's competency stands aligned with Synechron's brand promise of accelerating digital initiatives for banks, asset managers, and insurance companies around the world.

As a part of acquisition, Citihub Digital brings Synechron a team of senior-level consultants with an average of 15 to 25 years of experience and deep expertise across banking and capital markets.

Faisal Husain, Co-founder and Chief Executive Officer of Synechron said, "Citihub Digital's senior consultants specialise in bringing together business domain and technical topics which require knowledge across multiple capabilities such as strategy, application development and cybersecurity, making them a perfect fit with Synechron's existing capabilities. I am proud to welcome Citihub Digital into Synechron."

Chris Allison, Co-founder and Managing Director of Citihub Digital stated, "We have seen a significant amount of growth in the last year, and Synechron is the best partner to enable us to take that to the next level. We were impressed with the investments Synechron has made in its Financial Innovation Labs (FinLabs) in key financial markets, its R&D efforts and its award-winning Accelerators to lead the industry in areas like AI, Data Science, InsurTech, WealthTech, RegTech and Blockchain."

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