Analyst Quotes
HCL Capital Market Services Technology and BPO services reviewed positively by Celent
A recent report by Celent Group titled 'Indian IT Services Firms and Financial Core System Developmen't captures HCL's proven expertise in Banking & Capital Markets domain. The report says amongst the Indian IT vendors, HCL runs a very high value and unique set of BPO services in the capital markets domain. It handles a large part of the pre-trade, trading and post-trade transactions and volumes for its major investment banking client in the FX, bonds, equities, money markets and derivatives trading. In addition, HCL has proven BPO operations capabilities in replatforming to Smartstream TLM; along with consulting services in Transition Management and Six Sigma/BPR to captives.
Source: Celent report, Jan 2007 ('Indian IT Services Firms and Financial Core System Development')
AMR recognizes HCL with dedicated capability in MDM services for financial services
Key points related to HCL which were covered in the report:
- Dedicated MDM practice to supply process consulting and technology implementation services for the financial services Industry
- Going to market with a holistic, cross-functional view of MDM
- Frameworks and methodologies to develop multi-faceted MDM products
CSFB recognizes HCL JV with Deutsche Bank
Key points related to HCL which were covered in the report:
- Exclusive processing facility for Deutsche Bank (initial 51% sell-down to HCL in 2001 with the remaining 49% progressively over the following three years)
- Large IT outsourcer and specialist financial services provider
- Expertise in banking and financial services (deposits, cards, remittances, loans, trade finance, treasury, mortgages, multi-channel banking)
- Expertise in capital markets services (settlement and clearing, exchanges, funds management, corporate and investment banking, custody)
- HCL has 50 plus customers, 5,000 plus professionals and business revenues of over US$250 million in Capital Markets space.
- Marquee customers in banking and financial services include Standard Chartered, HBOS, Wells Fargo, Lehman Brothers and Citigroup and in capital market services includes Deutsche Bank and Westpac Banking
