Linium, a world-class provider of business services that empower the entire enterprise, today signaled its expansion into the European market with the opening of its newest office in London.
With a strategic concentration on providing financial services consulting, the new location enables Linium to assist European companies in addressing a host of timely financial issues, including the impact of Brexit and challenges associated with regulatory reform. Key areas of focus will include Financial Markets and Equities; Business Change and Transformation; Management Consultancy; with further specialisms in Enterprise Architecture & Target States, Regulatory Compliance and KYC Delivery Models, Lending Services and Loan IQ, and Risk and Finance.
“We are delighted to expand Linium’s global footprint with the opening of our new location in the UK,” said Steve Shyn, Chief Strategy Officer and Managing Partner of Linium. “The presence of our London office will create opportunities to provide Linium’s consulting services in the European market, particularly across the financial services sector, where the need for innovative solutions to enable agility and technology growth has never been greater.”
With more than 16 years of experience, Linium’s consulting expertise in the financial services markets spans regulatory change, lending services including Loan IQ, risk and finance, business change and transformation, operational effectiveness, target operating models, cyber security, and robotic process automation. Linium’s proven capabilities are designed to assist the banking sector in navigating a myriad of evolving rules and regulations, mitigating compliance risks, reducing redundancies, and maximising operational effectiveness through tailored and innovative approaches that address critical issues and achieve results.
“I am hugely enthusiastic about what the future holds for Linium and our customers within Europe and beyond,” said Linium Managing Director Dylan Coffey. “With an outstanding track record and demonstrated specialist expertise, Linium is uniquely positioned to provide financial firms with the knowledge and delivery to enable them to outperform in today’s complex and evolving environment.”
The opening of Linium’s London office comes on the heels of work the company has completed for clientele across Europe. Most recently, Linium assisted a global UK bank in need of consolidating and moving all syndicate (agent) and participate (member) deals from legacy commercial lending systems into Loan IQ and decommissioning all legacy loan systems and sub-systems.
With over 2,200 successful engagements, including lending support and services to numerous Fortune 500 companies, Linium has been named to the Inc. 5000 List of Fastest-Growing Companies for the past five consecutive years. Linium’s growth is fueled by its premier solutions-based consulting, which enables companies worldwide to achieve operational efficiencies through modernization. In addition to financial services, Linium provides consulting in strategic planning, enterprise service management, operations management, enterprise performance management, human resource management, custom application development, and business intelligence.
(Source: Linium)
In an attempt to give companies the ability to experience how technology is transforming the financial world and how it can be deployed to solve critical business issues, an ultra-modern innovation centre has recently opened its doors in central London.
Dedicated to next generation banking and finance, the state-of–the-art centre was launched by Synechron Inc. – a global consulting and technology innovator in the financial services industry, which has plans to open innovation centres in New York, Florida, Amsterdam and Pune over the next few months. The first innovation centre that the company launched was in Dubai in October 2015 and was the first of its kind internationally.
Through the combined innovation of augmented reality, artificial intelligence, block chain, natural language and biometrics, mobile, and touch and smart technologies, the brand new centre gives businesses the chance to fully immerse themselves in the plethora of new technology available.
The Synechron Digital Innovation Centres’ aim is to act as innovation hubs for individuals and businesses willing to invest in technology and particularly in digital transformation - solving critical business issues and scaling these investments to achieve greater future business success.
The Synechron’s centre will be fully-operational from May 25th 2016 and will offer a number of options: from a half day of brainstorming session for executive management, to a rapid prototyping challenge, or even just a one hour dedicated technology workshop. Some of the key technologies available to visitors include artificial intelligence, Amazon Echo (Alexa), new apps around block chain and tablets with new apps and gamification.
Faisal Husain, CEO of Synechron, said, “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.”
Yesterday the FTSE 100 recorded its highest closing price ever, finishing at 6,949.63, higher than its previous best of 6,930.2, recorded on December 30, 1999, when the dot come boom was at its height.
In the same day, the FTSE also broke its previous highest intraday price, also achieved on that same day, of 6,950, with 6,958.89 reported yesterday.
However, while the FTSE may be reporting record figures, analysts warn that now might not be the best time to sell.
“It’s a red letter day for pension funds and stock market investors as the FTSE finally returns to the level it reached in December 1999. At the time the dot com party was in full swing, interest rates were at 5.5% and the average house cost just £75,000 (€102,000),” said Laith Khalaf, Senior Analyst, Hargreaves Lansdown.
“Fast forward to today via the tech crash and the financial crisis, and the UK stock market has been propelled through its previous high by the global economic recovery and the vast money printing programmes of central banks.
“But that doesn’t automatically make it a good time to sell. The current level of the FTSE is underpinned by company profits to a much greater extent than it was in 1999. The economic backdrop is also encouraging for UK companies, with low interest rates, low inflation, and growth forecasts rising,” he added.
However, according to Khalaf, risks still lurk in the background as the market waits to see how the Eurozone agreement with Greece pans out, while the outcome of the UK’s General Election is bound to have market implications.
