HCLTech enhances partnership with Germany’s apoBank to elevate digital banking services

HCLTech, a global leader in technology services, announced a significant expansion of its strategic partnership with Deutsche Apotheker- und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank. This enhanced collaboration underscores both entities’ commitment to driving digital transformation in the banking sector through robust and secure IT infrastructure and cloud services.

Strengthening Digital Foundations for Enhanced Banking Efficiency

Under the expanded agreement, HCLTech will implement an outcome-oriented managed services model for apoBank. This model focuses on delivering resilient, scalable, and high-quality Digital Foundation services that comply with stringent regulatory standards. By strengthening the bank’s digital backbone, HCLTech aims to empower apoBank to provide faster and more secure banking services to its customers, enhancing user experience and operational efficiency.

Thomas Runge, COO and Member of the Executive Board at apoBank, expressed confidence in the strengthened partnership: “At apoBank, we welcome the expansion of our partnership with HCLTech. In addition to world-class capabilities in IT infrastructure and Cloud managed services, HCLTech has extensive Avaloq expertise and a deep understanding of our operations. This makes HCLTech the ideal partner for us, and it was a logical step to consolidate our IT services with them.”

Expanding Relationship and Technological Synergy

The relationship between HCLTech and apoBank began in 2021 with a focus on application services. The new contract signifies a considerable expansion in their collaboration, leveraging HCLTech’s comprehensive portfolio of managed infrastructure and cloud services. Sudip Lahiri, Executive Vice President and Head of Financial Services, Europe at HCLTech, highlighted the future direction of the partnership: “We look forward to working with apoBank to help them serve their customers by leveraging our comprehensive portfolio of managed infrastructure and cloud services and our longstanding experience with Avaloq.”

Leveraging Expertise for Future-Ready Banking

HCLTech is not only a strategic partner of Avaloq, a leading provider of banking technology and services but has also acquired Swiss company Confinale in 2022—a digital banking and wealth management consulting specialist and Avaloq implementation partner. This acquisition has bolstered HCLTech’s capabilities in delivering cutting-edge banking solutions that are critical in today’s fast-evolving financial landscape.

This partnership is set to transform apoBank’s digital strategies, further enabling the institution to meet the rising demands of the digital economy and maintain its leadership in the competitive banking sector.