Global financial services consultancy Synpulse has opened its office in Dubai to provide onshore support to its growing number of clients and serve as a hub for the Middle East. 

Dubai’s goal to become a leading digital economy has prompted a high demand for digital transformation and innovation, the company said in a statement. 

The new Synpulse office will serve as a gateway to the Middle East markets and will seize the opportunity to increase the firm’s market visibility in the region. 

The expansion is consistent with its “follow our clients” approach, ensuring close proximity and relationships with all its clients, the statement noted.

Synpulse has developed a strong pipeline of clients in insurance and banking in Bahrain, Dubai, Kuwait, Qatar, Saudi Arabia, and the UAE. 

Service offerings for insurance clients will focus on the target operating model, underwriting automation with AI, and digital health. On the other hand, the focus will be on digital banking, wealth transformation, and platform design for banking clients. 

 “We will bring our global capabilities to the region to deliver onshore and offshore projects to multinational and local clients. We are excited to expand our global footprint in Dubai and continue to make a sustainable impact on the financial services industry there, said Ingo Muschick, Senior Partner and Head of Synpulse UAE.” 

The company plans to build a local team by the end of 2023, the statement noted.

(Editing by Seban Scaria seban.scaria@lseg.com)