Overview

Using a value-based multi service approach and deep domain expertise in focused verticals, HCL helps the leading global financial services firms manage risk, comply with regulations, enhance product features, and manage transformational challenges while driving efficiency and improving service levels.

The Financial Services practice in HCL is built on domain competencies spanning Retail and Corporate Banking, Capital Markets and Insurance and caters to the IT and operational needs of some of the largest financial services organizations in the world.

Highlights

• Micro-verticalised delivery structure with specialty skills across 24 micro-verticals and various third party products
• Multi services approach with an integrated Technology, BPO and Infrastructure service offering
• Industry experience in USA, UK, Continental Europe and APAC
• Financial services specific verticalised expertise in enterprise solutions like SAP, PeopleSoft, and enterprise content management solutions
• Domain-focused solution accelerators like LOTS, Collateral Management System, Banking Dashboard, OpRisk Shelter, Check Imaging for Check 21, Banking Kiosk that address key issues and challenges in the Retail and Corporate Banking industry
• SOA-based payments framework for financial services industry that meets SEPA norms
• Proven expertise in managing large multi-service engagements and has a decade-long association with one of the world's largest investment bank, handling more than 120 projects, 200 processes, and 850 applications
• Business Analyst Academy and Product Competency Centre to train and certify domain focused business analysts and product specialist in the asset management domain
• Financial Engineering Group with expertise in quantitative methods works with technology teams to develop valuation and analytics application for its customers and is developing a proprietary platform for 'Quantitative Strategies-based Algorithmic Trading' models
• Penstock Product Engineering is a unique transformational program within HCL to build new age technology products and assets in Capital Markets, Retail and Corporate Banking and Insurance business segments to solve problems of managing reference, operational and transactional data
• HCL runs India's largest outsourced facility for a global investment bank, providing technology, operations, and infrastructure services across the bank
• Dedicated Insurance Solutions Development Center in India with over 100 major insurance assignments successfully delivered across Life Insurance, P&C Insurance and Reinsurance
• Over 1500 professional person years of experience of providing Insurance solutions to multiple Insurance carriers across multiple geographies
• Strong commitment to building domain depth. Awarded "Excellence in Insurance Education" for 3rd year in a row by LOMA

To build robust business insights, HCL micro-segmented the marketplace and thereby enabled competency building in every key micro-vertical across the various business lines in financial services.