HCL Technologies, Temenos to speed up digital transformation of financial institutions

Indian IT company HCL Technologies (HCLTech) has expanded its partnership with Swiss banking software company Temenos to help banks and other financial institutions expedite their digital transformation.

The most recent collaboration combines the vast cloud hosting capability, integration, and implementation abilities that are part of HCL Technologies and the open platform for composable bank of Temenos and its latest enterprise solutions such as core banking, wealth management, and digital banking.

As a team, HCL Technologies and Temenos will help banks as well as other institutions of finance to gradually modernize on a massive scale, speed up their digital transformation, and support their shift to the cloud. These will help them provide seamless customer experiences across channels.

Ross Mallace — Temenos Executive Vice President and Global Head of Partners said: “We are delighted to extend our partnership with HCLTech, a proven partner for delivering strategic transformations of complex, mission-critical systems for financial services firms.

“Temenos’ cloud-native banking platform combined with HCLTech’s expertise will help banks of all sizes to accelerate modernization timelines, reduce total cost of ownership and sustainably grow their business.”

HCL Technologies, Temenos to speed up digital transformation of financial institutions. Photo courtesy of Raghukraman/Wikimedia Commons.

HCL Technologies is said to have solid experience in delivering digital transformation solutions, including cloud migration, modernization of applications, and design for customer experiences to a variety of the most prominent financial institutions.

The Indian IT company said that it is in a position to support its customers by implementing their programs from beginning to end, which includes the management of programs, consulting and integration, and data migration and quality assurance, upgrades, and change management for organizations.

HCL Technologies and Temenos have partnered to provide services to a variety of banks around the world and have created the HCLTech-Temenos Center for Excellence, which includes more than 250 experts in the field.

The Indian IT firm intends to invest in the partnership and has an aim of becoming one of the top worldwide partners for services related to Temenos’ solutions.

Sudip Lahiri — HCLTech Executive Vice President and Head of Europe, Financial Services said: “We are delighted to double down on our successful partnership with Temenos to enable financial institutions adapt to the digital-first economy and evolving customer preferences. The HCLTech-Temenos collaboration brings best-in-class capabilities to clients in the financial services industry, backed by proven track record and trust.”

Recently, HCL Technologies joined forces with Volante Technologies to help financial institutions accelerate cloud payments modernization.