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Navigating through the “Promise vs. Risk”
With the Shift-left in the System Integration Approach from “boots-on-the ground” to “engineering till the farthest-mile”, HCL is in an unique position to weave together its Strong Engineering DNA , Network Domain and Vertical use-case understanding...
iBM Cloud
In this blog, Rajesh talks about how IBM Cloud serves as an ideal public cloud service that is designed specifically to address all the concerns of a financial enterprise.
Digital Foundation Solutions
In this blog, DK delineates how containers technology and containerization as a process can help enterprises induce efficiency, scalability, and flexibility into their workflows. He also elaborates on how HCL & Red Hat can be instrumental in...
hybrid environment
Over the last few years, cloud adoption has become increasingly central to organizations undergoing a digital transformation. In fact, a recent Gartner report noted that cloud adoption is among the fastest-growing IT investments across industries....
Heralding the Future

Jan 22, 2021

Heralding the Future: Distributed ERP with IoT and Cloud

Abhinav Sinha ERP advisor and SAP FICO Solution Architect

The use cases for IoT in the context of ERP are many. For example, it can be used for product improvement by making the product provide real-time feedback; it can enhance warranty services and warranty management; it can be used for predictive...
Smart Cities
The cities have always been at the center of pollution and have been criticized for not taking into consideration the environmental impact of today’s actions like improper Municipal system, Energy wastage, uncontrolled pollution, cutting down tree
KubeVirt and OpenShift
In this blog, Nitin Tandon and Amit Sharma delineate the importance of Container-native virtualization and how it can help enterprises accelerate the importance of the container platform and this will improve the availability of the application...

Jan 20, 2021

Move from Customer Relationship Management (CRM) to Customer Experience (CX)

Manish Pandeya Global Practice Lead, HCL SAP Customer Experience

Though CRM focuses on sales, service, and outreach to customers, if we evaluate outcomes from the company's objective (capturing more revenue), it falls short. In the end, even modern CRM solutions are still relationship management systems at heart...
Building 5G

Jan 13, 2021

Building 5G Highway is all about ecosystem play

Jasjeet Singh Arora DGM – Hybrid Cloud Services

With the emergence of 5G as an integral part in enterprise digital transformation and enabler of Industry 4.0, telecoms are consistently striving to innovate and deliver 5G use cases. The partners and ecosystem play a crucial role in shaping up a...
Containerized Jenkins

Dec 09, 2020

Containerized Jenkins Integrated with AKS

Sachin Sharma Lead Consultant - Azure Cloud Practice

Using Jenkins on Azure Kubernetes Services, we can accelerate the software development process by automating it and running multiple builds in parallel. This helps in automation, creation, and removal of agents to save costs along with the load...
SAP Analytics Cloud
SAP SAC (SAP Analytics Cloud) is a relatively new offering – and HCL is one of the most experienced implementation partners in this technology. This blog offers our top ten lessons learnt during recent full-lifecycle implementations, and should be...

May 07, 2020

Artificial Intelligence driving change: A COVID-19 perspective

Kalyan Kumar B Corporate Vice President & Chief Technology Officer, IT Services

In this blog, KK delineates the importance of AI in enabling a highly extendable workplace environment that allows organisations to quickly scale and dynamically adapt to changing business needs. He highlights the importance of strategies and...
Teams developing web- or cloud-based solutions have gone through a huge transformation, starting from the early web developments, then moving into cloud services and cloud applications and now doing full-fledged cloud-based computing. The teams that...
Adapt and Thrive

Sep 15, 2020

Adapt and Thrive in a VUCA World

Andy Packham SVP & Chief Architect, HCL Microsoft Business Unit

Achieving success in this ever changing business climate necessitates a strategy to succeed in the face of a volatile, uncertain, complex, and ambiguous (VUCA) scenario and attain greater heights. Read how Andy Packham, SVP and Head of HCL Microsoft...
Application modernization

Nov 27, 2020

Challenges of Legacy Application Modernization

Shyam Kumar Sundarakumar Senior Solution Architect, Digital & Analytics

Many organizations that carry heavy legacy baggage, are faced with many challenges running their legacy technology-based applications with many risks like reduced skill-availability, technology obsolescence etc. This article provides a brief insight...
Digital Foundation Solutions
In this blog, DK delineates how containers technology and containerization as a process can help enterprises induce efficiency, scalability, and flexibility into their workflows. He also elaborates on how HCL & Red Hat can be instrumental in...
Enterprise Portal

Apr 07, 2020

Countdown to Cloud for SAP Enterprise Portal

Ian McBriar User Interface Consultant

The end of support for SAP Enterprise Portal is coming fast.  This blog evaluates replacement options like Fiori Launchpad and SAP Cloud Portals, offering practical tips for a low-risk migration to SAP Cloud Portal and adoption of  SAP...
Fog Computing is a horizontal capability that complements both cloud and edge computing. The theme is generally directed at tapping into services accessible from devices, such as payments, increasing personalized offers and retaining customers who...

Publishing Moving to a Cloud-Centric World
Vishal Jindal - General Manager | March 3, 2016

Cloud technologies are taking over from applications essential to publishers and to move them to a SaaS based model with a relative less cost of maintainence

5 FinTech trends to watch in 2016
Santosh Kumar - Senior sales director & Head – Fintech Innovation | February 29, 2016

Financial Services are at the cusp of digital disruption. We might not be witnessing a 'revolution', but all the emerging trends and technologies are certainly proving that we are in the midst of an ‘evolution’.

Most of the large global banks are born pre-digital and are facing the challenge of legacy infrastructure, software, and culture. On the other hand, the new challenger banks are born-digital and carry no baggage of legacy. They are creating products and services that are relevant to the digital age customer’s needs.

Most of the large global banks are planning to either start their new digital banks or buy stakes in some of the challenger banks just as BBVA did recently by taking ~30% stakes in Atom bank. At the least, we will witness many pre-digital born banks investing in and embracing digital trends and technologies in 2016.

Here are 5 FinTech trends to watch out for in 2016:​

  • Blockchain - Distributed Ledger:

    Financial services organizations are racing to harness the power of the Bitcoin infrastructure to slash costs. The basic technology underpinning the Bitcoin virtual currency could be used by some of the world's biggest banks. These banks want to use the Blockchain method because it is hard to fool - making fraud difficult, speed up trading systems and make deals more transparent. Many banks such as UBS are already trying out Blockchain technology for different use cases.

    Blockchain is the software that both powers and regulates cryptocurrency Bitcoin. In its most basic form, it records ownership of Bitcoin — money — and transactions — one person paying another. The software uses a distributed ledger to police the network, which means a certain proportion of the vast network must sign-off on a transaction before it can be processed. This replaces the need for a ‘trusted middleman’ in a transaction.

    The project to test Blockchain-like technology is being led by financial technology firm R3 which has so far signed 30 banks. R3 has done a good job bringing all the rival banks together. We are witnessing a great interest across financial services on trying out this disruptive technology and will continue to see investment in 2016 to try out specific use cases that can give banks a competitive advantage.

  • Biometrics:

    2015 was the year that banks began to experiment seriously with biometrics: US financial provider USAA already offers three different biometric login options for its mobile customers (Touch ID, Facial recognition, and Voice recognition). Biometrics has been the ‘Next Big Thing’ in authentication for a long time now, but many things that have held it back have not gone away. There is often the need for costly additional equipment, and processes that require verification by a back office platform which makes it slow. Wells Fargo is testing voice recognition and eye scanning, joining an increasing number of banks and other financial services companies using biometrics technology to authenticate customers using their mobile applications. Nearly one-third of the largest US banks plan to make biometrics available to mobile banking customers by the end of this year.

  • Artificial Intelligence (AI):

    Robots have begun their invasion of banking. Robots and Artificial Intelligence (AI) in banking have the potential to reduce costs, expand skills, and improve the customer experience while working alongside or replacing humans. According to an article, Barclays believes that AI is the future of banking, and one bank in Tokyo is already staffed by a helpful robot. We have already seen rudimentary examples where users can talk to a computer system to make money transfers or access information. 

    Robo-advisors, or fully-automated online investment platforms, are also disrupting the financial advisory services. FinTech startups such as Betterment and Wealthfront have managed to pull early investors with their robo-advising platforms offering the perks of low fees and a reduced entry barrier when it comes to minimums. Many large banks including Deutsche Bank have launched their robo-advisor services. Automated financial advisors and planners that assist users in making financial decisions is a very strong use case. 

    We are certain to see an increased investment into AI in 2016 across financial services.

  • The API Economy:

    APIs are yet another vital trend driving disruption, and fueling FinTech startups and open banking data initiatives worldwide. Some of the new banks such as Fidor bank are already reaping the benefits of open APIs. With new rules such as European Payment Service Directive (PSD2) coming into existence, banks will have to implement APIs that can provide access to payment account information to third parties – including their competitor banks – following the customer’s explicit consent.

    Consumers now have the power to engage and perform transactions wherever they are, through a device of their choice. To engage customers across all digital media, banks need to be able to provide contextual and personalized product offerings and drive immediate conversion through embedded offerings. With the advent of APIs, banks can easily expose their product catalogs, payment wallets, and other services to digital customers.

    APIs are an important component in the digital architecture and banks are investing in building modern applications that can service their customer on a platform of their choice at any point in time. We will continue to see increased investment in 2016 on building APIs and helping banks serve their digital customers better.

  • Cloud Computing:

    Cloud has become one of the mainstream strategy topics for most large global banks. The debate is not if, but, how will they eventually embrace cloud – if not public cloud, then private cloud or hybrid cloud – and which version to select for which function.

    Banks will continue adopting Cloud services for their business applications, while carefully keeping sensitive data housed at private data centers. According to CIO.com, Deutsche Bank plans to have 80% of its systems based in the cloud by 2020. Today, cloud has matured and covers a panacea of Software-as-a-Service, Infrastructure-as-a-Service, Platform-as-a-Service, and more. It is certain that if not public, private, and hybrid clouds will play a vital role in the banks’ digital future.

    Join us at Netherland India Business Meet 2016 to hear Santosh kumar speak on ‘The changing face of Financial Services’

Cloud Native Adoption: Key Principles to Drive Your Strategy
Kalyan Kumar B - Corporate Vice President & Chief Technology Officer, IT Services | February 2, 2016

In my previous blog, I briefly discussed about Cloud Native adoption strategies.  While it is great to know the fundamentals of the subject, it is crucial to understand and imbibe the principles of cloud native adoption before you embark on the journey of becoming a Cloud Native enterprise. But, why should you care?