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Core Banking

Core banking and “run the bank” are synonymous functions for the most part. Core banking is the meeting point of the largest banking services segment - namely retail and commercial banking, information technology, and the ever advancing communications technology. It is the heart of a modern banking systems and financial service organization and is all about providing banking and financial service industry customers with the right products at the right time through the right channels (both physical and digital channels), round the clock, through multi-location, multi-branch networks.

HCL’s core banking services expertise spans the entire gamut of functionality - be it single customer views, checking accounts, back-office transaction processing for lending, funds transfer, risk, regulatory reporting, collection monitoring, or any other niche/generic area.

HCL’s Services

Our core banking team has successfully completed a number of large projects for global banks in varied spheres like application development, online and batch interface development, and the seamless integration of landscaped applications to an overall application firmament. Our end-to-end core banking services include design, development of core banking software, testing and test automation, application enhancement, and maintenance support.

HCL also provides consultancy services for core banking high end solutions, helping to create and service these financial products in the areas of application migration, data conversion, and big bang / phased implementation for modular business coverage.

Such initiatives harness the entire banking domain and technological expertise of the HCL team - a team whose quality of performance and services has been much appreciated, as they deliver through aggressive timelines, across multiple parallel projects, often creating from scratch, the environments for development and implementation.

HCL’s Partnerships

HCL leverages its partnerships with leading core banking vendors or banking software vendors like SAP, Oracle and Misys to provide intricate product customizations and multi-layered implementation initiatives across the world for leading banks.

  • HCL’s development partnership with SAP is a stellar example of such grand alliances. This partnership focuses - among other things - on global core banking product development initiatives in India, USA and China, which spans governance, and risk and compliance. This ever expanding partnership would soon be covering other niche areas, such as value engineering and sharing of best practices.

  • Under Oracle’s Partner Program, HCL is recognized at the highest level of partnership i.e. the Certified Advantage Partner. HCL has been an Oracle implementation partner since 1998. HCL’s Oracle Practice is an integrated services group, providing technology-based business optimization on Oracle enterprise software products and on Oracle technology platforms for a large number of Oracle products in areas including core banking, data warehousing, business intelligence, fusion middleware and Oracle database. HCL’s Oracle Lab is a joint endeavor by both companies to develop industry-centric, pre-configured solutions and provide product demonstrations to global clientele.

  • HCL’s partnership with Misys commenced in 2007. Its scope includes the implementation of various Misys products in core banking, commercial and corporate banking and capital market services. The partnership concentrates on product enhancements and implementations in the Asia Pacific and Australia geographies, with blueprints being drawn to extend the coverage geography-wise and product-wise.

  • Axon, the acquired SAP consulting wing of HCL brings new capabilities to the market with a truly global delivery model, providing full lifecycle suites of services with unique value propositions.

HCL’s Experience

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Core Banking Systems Modernization
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What Customers Say

“This is wonderful stuff, the type of activities that make a big difference to our customer. Truly great work, and please keep it up” – On Successful implementation of WRAP project.

–CIO Large Programs, Leading Bank in Australia and NZ

The combined efforts of our Asset Finance and Commercial Lending IT Service Delivery team and HCL have resulted in an 80% reduction in P1 and P2 incidents over 2010. This is a great testimony to Applications and Operations’ dedication to embed strong service management disciplines, including incident, problem, change, capacity, availability and service continuity management.

- CIO Retail & Business Banking ES, A Large Australian Bank