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Challenges we address

IT systems have grown exponentially larger and more complicated in the financial services industry. The growing demands of business, the introduction of new products, mergers and acquisitions, and regulatory requirements have all contributed to this challenging IT environment. The tendency of IT departments to operate in silos has been another contributing factor, leading to the duplication of functions and the usage of different IT systems across an enterprise.

By organizing enterprise IT around services instead of around applications, SOA provides several key benefits: simplifying the IT landscape; improving productivity, agility, and speed for both business and IT; allowing IT to deliver services faster while aligning with business needs; and enabling the business to respond quickly to customers.

What you can expect

  • HCL has been redesigning the application landscapes (based on SOA) for several financial services customers across the globe. Backed by strong domain experience, HCL provides strategic consulting on SOA, an integration-driven framework that helps align business goals with SOA, SOA framework deployment and implementation of the enterprise service bus (ESB), and process automation using SOA.
  • HCL offers third-party product expertise in several BPM tools that have taken the leader position in Gartner’s Magic Quadrant. Third parties include TIBCO, Telelogic, EMC2, and FUEGO.
  • In the SOA space, HCL has partnerships with leading vendors such as TIBCO, Webmethods, and Seebeyond.

HCL Solution Framework for SOA in Payments

HCL’s framework for implementing SOA in a business-critical payments environment involves a single payment architecture that allows banks to identify duplication and to define a step-by-step migration to common utilities based on open standards. This pragmatic approach splits each payment process or silo into three elements of functionality: origination, order management, and payment execution. Separating these three layers makes it is possible to isolate the diverse set of origination channels (e-mail, fax, EDI, internet, phone, etc.) from the payment execution and processing systems.

A crucial component is the ESB based on an SOA. By using a service-oriented approach, we can decouple and reuse existing application and middleware components in an unobtrusive way, thus providing a low-risk transition to the new architecture. HCL complements this evolutionary approach with a strong implementation methodology that focuses on customer service and payment system resilience.

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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