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Partnerships & Alliances

The HCL FS Partner Program is designed to develop, sell and deliver the most comprehensive industry solutions available. The partnership would bring the relevant technology, industry and domain knowledge along with a tested product to present a complete solution offering for our joint customers. By working together, HCL and our solution partners augment and support solution and technology requirements that ensure the delivery of the best results - reduction of cost and length of sales and delivery cycles.

The HCL FS Partnerships and Alliances Group consists of creation & sustenance, product management and delivery groups. The groups will be responsible for building competencies in chosen partner products, evolve GTM strategies jointly with partner companies and deliver combined offerings to our Financial Services customers.

A snapshot of the strategic partners in the Financial Services space is provided below:

Strategic Partner: misyslogo

HCL and Misys are long term strategic partners in offering end to end best of breed product solutions in the areas of banking and capital markets. For the past 7 years, HCL has brought in its significant understanding of banking domain and technology to build and enhance Misys products to keep it in line with changing market and regulatory requirements. HCL has taken these products to some of its key customers. HCL and Misys have jointly engaged for successfully implementing these solutions for a number of customers.

HCL has invested significantly in Misys Product  CoEs, where dedicated consultants are ring fenced to carry out customer implementation, integration, development and testing activities. This relationship has successfully delivered value to customers consistently over the past years and is reflected in its growth of over 100% YOY for  last two years. Some of the key highlights of our strategic partnership are:

  • HCL is the sole partner of Misys which has various versions of Misys products installed in its product labs. This has enabled HCL to service a large number of Misys customers as well as ensure availability of staff skilled in latest versions of the products
  • HCL has developed Misys specific value added frameworks which have helped banks and institutions significantly reduce time and risk for implementation and upgrade. These include Test Automation Frameworks and Report Comparison Tools for Summit, Opics and Loan IQ.
  • HCL has access to detailed Knowledge Repository on Misys portal and HCL Intranet.
Avaloq HCL is a strategic partner of the Avaloq group, a leader in integrated and comprehensive banking solutions. The highlight of the partnership is HCL’s off-shore Center of Excellence (CoE) on Avaloq solutions in Bangalore, India. The center offers flexible and scalable capabilities in implementation, systems integration, migration and testing on the Avaloq Banking Suite’s range of wealth management products. The global partnership provides flexible and scalable access to Avaloq know-how and the ability to deliver from off-shore, near-shore and on-site, leveraging HCL global delivery centers. The partnership focuses on a global delivery model during and after implementation of the Avaloq Banking Suite. In addition, the CoE provides support at the product level, as well as for bank side services.
Fundtech

Fundtech is a leading provider of financial technology to banks and corporations of all sizes in the Americas, EMEA, and Asia-Pacific. The company develops transaction banking solutions that it offers as either a software license or Software as a Service (SaaS). The company specializes in payments and cash management solutions and offers industry leading product solutions. HCL delivers clients services with significant complementary experience in channels, payments hub, cross product enterprise solutions, BPM/middleware/ SOA, IV&VS, BI, Infra. Through HCL-Fundtech strategic alliance, HCL & Fundtech will be able to provide services with scale globally at lower TCO.

Insurance Systems Partnership: ebaotech

HCL has a global partnership with eBaoTech. The partnership, which has evolved over a period of 4 years, leverages the innovative insurance systems of eBaoTech and the end-to-end system integration services expertise of HCL to provide a winning solution for our customers. HCL's expertise on eBaoTech's General Insurance products includes: Implementation, customization & localization, analytics, testing, support & integration.

The resources at the eBaoTech Center of Excellence (CoE) at HCL consist of solution architects, functional experts, developers, testers and products consultants. HCL is currently undertaking the implementation of eBaoTech solutions in a Greenfield insurance project of a large bank & a large Indian General Insurance company, and is also working with eBaoTech for a multi-country roll-out at a large multi-national.

Communications Solutions Partnership: equipos

February 2012: Equipos Limited and HCL have partnered to provide customers with automated client reporting and communications solutions. The Partnership offers the Coric Client Communications Suite, professional services, implementation, support and joint marketing. The award-winning Coric Solution from Equipos empowers Institutional Asset Managers and Private Wealth Managers to increase operational efficiency and deliver exceptional client service, with minimal IT involvement.

Implementation Partnership: guidewire

HCL is a Guidewire Affiliate Partner. HCL's implementation experience spans the entire Guidewire Product Portfolio. Since 2004, HCL has been offering business benefit oriented solutions on Guidewire products to companies across the globe, through robust frameworks, methodologies and solution accelerators. The Guidewire Center of Excellence (CoE) has a wealth of experience implementing Guidewire solutions across various Lines of Business in the P&C space. Services undertaken by the CoE includes; implementation, upgrade, testing, conversion, support and integration. Customers have also benefitted immensely from HCL's Guidewire implementations. This is evident from the many prestigious awards our customers have won including the 2010 Guidewire Innovation Award, 2009 Celent Model Insurer Award, 2009 Guidewire Innovation Award, 2009 IASA Technology Achievement Award, and the 2008 Guidewire Innovation Award.

 

What Customers Say

The ability to understand the business problem, together with the technical landscape and bridge the two, cannot be overstated. For that I'd be looking for someone who can influence, articulate and hold a view.

"What can I say!. Your efforts have made considerable positive impact.

– CIO, Leading Bank in Australia and NZ

 

What an amazing result. Considering how long and how tough this year has been, the result on the weekend was a testament to the drive, dedication and commitment to quality that this team continues to display. For those unaware of the details, we migrated over 400,000 business deposit and migration accounts with a success rate of 99.86% !!!!Congratulations to all involved and a huge well done to a program that continues to deliver the big bank changing milestones." 

– Program Director- One of the largest banks in Australia