GENEVA and NOIDA, India, April 12, 2023: HCLTech, a leading global technology company, and Temenos, a leading banking software company, have expanded their partnership to accelerate the digital transformation of banks and other financial institutions.
The latest collaboration brings together the extensive cloud hosting, implementation and integration capabilities of HCLTech and Temenos’ open platform for composable banking and its state-of-the-art enterprise solutions that include core banking, digital banking and wealth management.
Together, HCLTech and Temenos will enable banks and other financial institutions to progressively modernize at scale, accelerate their digital transformation and support their transition to the cloud to help them deliver omnichannel customer experience. HCLTech has a strong track record of delivering digital transformation services, including cloud migration, application modernization and customer experience design, to some of the world’s leading financial institutions. The company is positioned to support its clients with end-to-end implementation, encompassing program management, consulting, integration, data migration, quality assurance, upgrade and organization change management.
“We are delighted to double down on our successful partnership with Temenos to enable financial institutions adapt to the digital-first economy and evolving customer preferences. The HCLTech-Temenos collaboration brings best-in-class capabilities to clients in the financial services industry, backed by proven track record and trust,” said Sudip Lahiri, Executive Vice President and Head – Europe, Financial Services, HCLTech.
Ross Mallace, Executive Vice President, Global Head of Partners, Temenos said: “We are delighted to extend our partnership with HCLTech, a proven partner for delivering strategic transformations of complex, mission-critical systems for financial services firms. Temenos’ cloud-native banking platform combined with HCLTech’s expertise will help banks of all sizes to accelerate modernization timelines, reduce total cost of ownership and sustainably grow their business.”
HCLTech and Temenos are already partnering to serve several global banks and have set up the HCLTech-Temenos Center of Excellence, which has over 250 subject matter experts. HCLTech plans to continue investing in the partnership with a vision to become one of the largest global partners in services for Temenos’ solutions.
Temenos (SIX: TEMN) is the world’s leading open platform for composable banking, creating opportunities for1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average. For more information, please visit www.temenos.com.
HCLTech is a global technology company, home to 222,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering and cloud, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending December 2022 totaled $12.3 billion. To learn how we can supercharge progress for you, visit hcltech.com.
For more information, please contact:
Michelle Rico, Americas
Elka Ghudial, EMEA
James Galvin, ANZ
Devneeta Pahuja, India and APAC