One of the major challenges that the banking industry continues to face is a paucity of technical knowledge. HCL Technologies positioned itself as a Leader to mitigate these critical challenges with a vision of becoming a strategic partner to banks in transformation for the digital age leveraging its Mode 1 and Mode 2 strategy and deploying its vertical offerings/IPs through Mode 3 strategy.

Everest Group evaluated 26 Application and Digital Services (ADS) providers with a Europe focus and based upon strengths and limitations, HCL Technologies have been positioned as a Leader in Application and Digital Services in Banking PEAK Matrix® Assessment 2021, Europe.

“In Europe, a regulatory push, driven by open banking and rising competition from digital-only challenger banks, is causing traditional banking institutions to invest in a future-ready, platform-based operating model. Establishing strong partnerships with the ecosystem of top technology providers in the region for digital banking, sub-verticalized SaaS based solutions, and low-code / no-code, traction in modernization and data & analytics deals, and demonstrated commitment in client engagements helped HCL earn a Leader position on Everest Group’s Application and Digital Services in Banking PEAK Matrix® Assessment 2021 - Europe.”

Download the custom report to know more about HCL Technologies and its portfolio mix that benefitted banking enterprises across Europe.