What we offer
One of the largest vertical practices at HCL, the Financial Services Group offers end-to-end IT services and solutions such as ADM, ASM, and infrastructure management and operations to global financial services organizations. Our investments in building process, domain, and technology expertise have helped us develop the most innovative solutions for competitive differentiation. Through our superior service to the retail and corporate banking, capital markets, and insurance sectors, we have built long-term customer relationships and strategic alliances with leading financial services companies across the globe.
Transaction Reporting Framework for MiFID: MiFID transaction reporting is a challenging task that involves handling diverse securities transactions and business processes within a bank, generally occurring across a multitude of applications spread across many systems, and each with its own processing rules. Read more
SOA- enterprise IT around services: Coupled with other contributing factors, the tendency of IT departments to operate in silos has led to the duplication of functions and the usage of different IT systems across an enterprise. By organizing enterprise IT around services instead of around applications, SOA provides several key benefits. Read more
Excel services: In a demanding competitive environment, global financial services institutions face a pressing requirement: better collaboration between their departments. Through a joint initiative between Microsoft and HCL’s Penstock Product Engineering Division, clients now have access to solutions for effective data exchange, and reporting and repurposing. Read more
Direct Market Access (DMA): DMA, which was prevalent mostly just in the U.S., is now growing the world over. Traditionally, DMA has been offered for equity trading. However, now the scope includes other asset classes such as FI and derivatives. Read more
Reporting Factory: A fragmented reporting infrastructure is posing considerable challenges to the financial services industry. Reporting needs are increasing each day as a result of changing market dynamics, the introduction of new regulations, and changing internal processes. Read more
BASEL II: As the banking system becomes increasingly international, a number of global banks are now active in both developed and developing markets. Protecting the solvency of these banks requires a level playing field. Read more