Transforming the Heart of Banking Systems
Banks need to replace legacy core applications with a strong API approach that enables integrations to fintech and drives growth organically and through mergers and acquisitions.
HCLTech enables banks to leverage micro-innovations using fintech in a "Surround the Core" approach in which we build customizations in the layer surrounding your core banking processes. Based on embedded analytics and specially designed for core banking modernization, our digital-ready solutions enable banks to deploy rich omnichannel touchpoints in real-time, resulting in enhanced customer experiences.
Be Future-ready with Our Solutions
Transform your banking infrastructure with our core banking solutions by transitioning from a traditional monolithic setup to a dynamic microservices architecture.
Speedboating greenfield core systems
HCLTech’s composable banking framework helps set up a parallel origination and fulfillment system, loosely embedding it within the existing architecture. This leads to easy integration and migration of a new product on a new platform, enabling a real environment check of the product features. We leverage market-leading platforms and fintech partnerships to enable a new greenfield digital core for the bank.
Hollow the core
Switch from a legacy core banking custom suite to a lighter and core function-focused solution. HCLTech composable banking brings a multitude of custom capabilities to decouple non-core functions by seamlessly integrating microservices and commercial-off-the-shelf abilities.
Progressive modernization
Experience maximum business value with minimum risk. HCLTech microservices and composable banking framework enable banks to design and build the optimal migration roadmap, leading to improved change management with reduced incidents.
Product pricing and billing
Personalize the product with reference to the market and maximize fee income. Our expertise in integrating pricing and billing solutions with core solutions and other non-core products enables enterprises to have a single customer view of all charges. It supports the setup of multi-country, multi-currency and custom pricing parameters for various products.
Banking as a service
Make digital transformation easier. Our integrated solution provides the entire stack of offerings as a single platform, including hosting, application components, process operations and consulting services. It significantly reduces vendor management costs, governance overhead and total cost of ownership while providing innovative pricing and robust risk/reward and utility models.
Why HCLTech for Core Banking Solutions?
Modernize legacy systems and derive optimum benefits from your digital transformation with HCLTech core banking solutions. We ensure the smooth procurement of existing data, and maintenance of data tables and values, while handling data verification for migration.
These new-age frameworks and the extensive experience of our seasoned program managers will supercharge your vision of staying ahead of time.
Drive loyalty
Focus on customer experience, which trumps product loyalty in today’s world
Differentiate with data
Create data products using context buried in transaction data
Innovate and play
Accelerate integration with micro-innovations from the fintech ecosystem
Full accountability
End-to-end responsibility for program governance and delivery
Insights and News
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HCLTech accelerated the bank's cloud adoption strategy and realize scalability to drive near-term and long-term cost savings
Learn how HCLTech helped our financial services client migrate their legacy systems to SAP Core Banking.
Frequently Asked Questions about Our Core Banking Solution
A core banking solution is the central software platform that manages a bank’s critical operations—like account management, transactions, deposits and loans—across all branches in real time. At HCLTech, we understand how a robust core banking system is essential for delivering seamless, secure and innovative banking services to clients.
HCLTech offers comprehensive core banking services, from greenfield digital core setups to modernization of legacy systems. We provide composable frameworks, seamless fintech integration, personalized pricing and core banking as a service, ensuring scalability, agility and regulatory compliance for banks looking to future-proof their operations.
We modernize legacy core systems by decoupling non-core functions, integrating microservices and migrating to a composable architecture. Our phased, low-risk approach ensures smooth transitions by leveraging strategic partnerships with leading core banking software companies to deliver a digital-ready, future-proof core banking system.
Yes, our core banking solutions are built for data-driven innovation. By integrating embedded analytics and providing a unified view of customer data, we help banks uncover valuable insights, personalize offerings and launch new data products to drive differentiation and growth in a competitive market.
We enhance customer experience by enabling real-time, personalized interactions across all channels. Our solutions provide a single customer view, intelligent analytics and flexible product configurations to help banks deliver tailored services that drive loyalty and set them apart in today’s experience-driven marketplace.
We modernize core banking by leveraging microservices, APIs and a composable architecture that surrounds and enhances your existing core. Our “Surround the Core” approach enables seamless fintech integration, real-time analytics and flexible omnichannel experiences, empowering banks to innovate rapidly while minimizing risk during transformation.
Absolutely. Our digital core banking solution is designed for omnichannel banking, enabling clients to deliver consistent, real-time experiences across digital, mobile and in-branch channels. We integrate embedded analytics and API-driven touchpoints, ensuring customers enjoy seamless interactions wherever and however they choose to bank.
At HCLTech, we prioritize security throughout data migration. Our proven methodologies include rigorous data verification, integrity checks and compliance with industry standards. Experienced program managers oversee every step, ensuring data confidentiality and accuracy as we transition banking operations to modern platforms.
Definitely. We excel at integrating fintech solutions through our API-first, composable architecture. Our approach enables banks to leverage micro-innovations from the fintech ecosystem, accelerating time-to-market for new products and enhancing their digital core banking solution with best-in-class capabilities.
Yes, HCLTech offers core banking as a service, delivering the full stack—hosting, applications, operations and consulting—on a single, integrated platform. This model streamlines vendor management, reduces costs and accelerates digital transformation, making it easier for banks to innovate and scale.
