Retail and Corporate Banking
Digital disruptions are forcing banks to rethink operating models. Today, corporate banking customers demand real-time interaction, service immediacy, and transparency. They want an experience on par with that of Uber or Amazon in corporate banking. Start-ups like TransferWise and Simple Tax have identified this need in retail banking, providing greater convenience in conducting transactions. The implementation of regulatory directives like PSD2 will result in banks competing with everyone offering commercial lending, financial services, and banking solutions.
With their dominance under threat, retail banking and corporate banking and commercial lending organizations are embarking on a trajectory for change.
Articulating next-gen retail banking solutions
Traditional players providing core banking solution are striving to reposition themselves as technology platform firms with a banking license. HCL is investing in FinTechs, APIs, application modernization, and cognitive computing to facilitate this transition.
Our Mode 1-2-3 approach ensures that banks evolve in line with disruptions in the ecosystem and rapidly changing customer dynamics. We enable organizations to become future-proof by fostering strategic partnerships.
We have entered into a joint venture agreement with DXC Technology to specifically focus on application modernization, API related services, and product functionality enhancements. Our partnership with IBM Watson enables us to develop retail banking solutions and core banking solution in the automation and AI space and deliver cognitive capabilities to existing platforms. DRYiCE, an autonomics and orchestration framework, drives efficiency for the banking sector by automating both standard and nonstandard tasks.
HCL believes in a collaborative approach and delivers co-innovation lab offerings to banking sector clients. Our co-innovation lab in London has 150 professionals working with emergent technologies for applied innovation.
Some of our key achievements in the banking domain are –
- Partner for distributed agile transformations at a leading Australian Bank
- Digital transformation in lending for a Leading UK based Diversified Financial Services Company
- Cloud transformation for a Multi-National BFS Company Operating Across APAC
- ABP for a leading Australian Bank
The Everest Group PEAK Matrix report recognizes HCL’s commitment to deliver meaningful innovation to the banking sector by leveraging its engineering heritage.
A complete package of payment monitoring, cloud enablement, Transaction services and ISO 20022 compliance and supports advanced fraud and risk controlRead More
HCL's integrated cash management system reduces governance and management expenses, thereby ensuring complete customer satisfaction.Read More
HCL provides end-to-end solutions across commercial lending and corporate lending, empowering banks to control operational costs.Read More
HCL has extensive industry expertise in consumer lending in the areas of collection and collateral management.Read More
HCL’s core banking solutions cover the entire gamut of functionalities, from customer views to niche zones such as funds transfer.Read More
HCL’s banking solutions are geared for enhanced visibility and augmented control, preempting operational risks and fraudulent transactions.Read More
HCL provides an array of solutions for financial software applications across the entire trade finance value chain.Read More
Alternate Application Support and Maintenance
ALT ASMTM leverages Run.Advisor, an industry-best automation and analytics platform, to enable 360-degree application support and management.
cXstudioTM is an application development delivery framework unlocking future-ready digital operating models while bringing together businesses and IT stakeholders.
Finastra FusionBanking Essence
It brings together the best of service-oriented architecture (SOA) and a Java framework to build a sustainable and streamlined business model.
Finastra FusionBanking Loan-IQ
It provides expertise across loan originations and servicing functions, ranging from loan onboarding to loan servicing.
Risk & Compliance Management
It helps provide an integrated view of internal and external cases of fraud through data accuracy, compliance tools, and business intelligence.
Helping Banks create competitive differentiation in the API Economy through a set of techno-functional frameworks, Partnerships and Innovation
LIBOR Transition SolutionHCL suite of solutions facilitates banks to comply with the LIBOR transition before the stipulated timelines
PPP Loan Forgiveness Solution
An automated solution that helps banks in streamlining & processing loans under the Paycheck Protection Program
Long-Term solution for LegacyA holistic solution to address the challenges of legacy systems with a sound cloud-first strategy.
Insights & News
Ecosystem of Partners
Our partnerships bring the relevant technology, industry and domain knowledge together, with tested products, presenting a complete solution for our customers. Working together with our partners, HCL augments and supports all solution and technology requirements, ensuring delivery of the best results.