HCL Technologies (HCL) said that it has been selected as a launch partner for Microsoft Cloud for Financial Services, the recently announced industry cloud of Microsoft.

By bringing together capabilities with multi-layered security and inclusive compliance coverage, Microsoft Cloud for Financial Services is said to deliver differentiated customer experiences, boost employee collaboration and productivity, manage risk, as well as modernize core systems.

Rahul Singh – President of HCL Financial Services said: “We partnered with Microsoft in this key initiative because they will enable our HCL Financial Services Ideapreneurs to incorporate their decades of domain expertise into a futuristic hyperscale foundation.

“What our clients gain is a synergistic co-innovation effect: Microsoft surfacing new capabilities and HCL building differentiating solutions with our clients and partners.”

HCL Technologies said that an important solution is its PowerBanking product, designed for making use of all the available capabilities of the Microsoft Cloud for Financial Services. It is claimed to enable complete scenarios for retail bank customer engagement.

Building upon offerings like that, HCL Microsoft Ecosystem Unit (HCL MEU) works with a set of clients in private preview for using the present and future reusable components designed for retail banking across new customer scenarios.

Bill Borden — Corporate Vice President of Microsoft Worldwide Financial Services said: “Our strategic partners like HCL Technologies play a critical role in enabling the Microsoft Cloud for Financial Services and elevating the digital transformation journey for our customers.

“Banking customers working with HCL’s deep expertise in retail banking can take advantage of a tailored cloud solution built on Microsoft’s trusted platform with robust security and compliance to speed time to value while unlocking innovation for sustainable growth.”

  HCL Technologies, Microsoft, Microsoft Cloud for Financial Services, Rahul Singh