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Retail and Corporate Banking

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.


Payments and Cards

A complete package of payment monitoring, cloud enablement, Transaction services and ISO 20022 compliance and supports advanced fraud and risk control

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Cash Management

HCL's integrated cash management system reduces governance and management expenses, thereby ensuring complete customer satisfaction.

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Commercial and Corporate Lending

HCL provides end-to-end solutions across commercial lending and corporate lending, empowering banks to control operational costs.

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Consumer Lending

HCL has extensive industry expertise in consumer lending in the areas of collection and collateral management.

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Core Banking

HCL’s core banking solutions cover the entire gamut of functionalities, from customer views to niche zones such as funds transfer.

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Risk Management & Banking Integration

HCL’s banking solutions are geared for enhanced visibility and augmented control, preempting operational risks and fraudulent transactions.

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Financial Accounting and Software Applications

HCL provides an array of solutions for financial software applications across the entire trade finance value chain.

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Treasury Management Software & Solutions

HCL has proven capabilities in developing treasury management application suites and providing technical support for multiple asset class management.

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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.