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HCL becomes strategic launch partner for Microsoft Cloud for Financial Services

By Pavithra R

July 27, 2021

  • America
  • Hcl

HCL becomes strategic launch partner for Microsoft Cloud for Financial ServicesHCL Technologies (HCL), a leading global technology company, has announced being selected as a launch partner for Microsoft’s recently announced industry cloud Microsoft Cloud for Financial Services.

Microsoft Cloud for Financial Services brings together capabilities with multilayered security and comprehensive compliance coverage to deliver differentiated customer experiences, manage risk, improve employee collaboration and productivity, and modernize core systems.

“We partnered with Microsoft in this key initiative because they will enable our HCL Financial Services Ideapreneurs to incorporate their decades of domain expertise into a futuristic hyperscale foundation. What our clients gain is a synergistic co-innovation effect: Microsoft surfacing new capabilities and HCL building differentiating solutions with our clients and partners,” said Rahul Singh, President, HCL Financial Services.

One key solution is HCL’s PowerBanking product, built to leverage all available capabilities of the Microsoft Cloud for Financial Services. It enables comprehensive scenarios for retail bank customer engagement. Building upon offerings such as this, HCL Microsoft Ecosystem Unit (HCL MEU) works with a set of clients in private preview to use the current and future reusable components designed for retail banking in new customer scenarios.

Through its experience working with leading financial service organisations including Deutsche Bank, ING and Danske Bank, HCL Technologies will offer services and expertise as part of a tailored cloud solution that will unlock innovation and sustainable growth.

“Our strategic partners like HCL Technologies play a critical role in enabling the Microsoft Cloud for Financial Services and elevating the digital transformation journey for our customers. Banking customers working with HCL’s deep expertise in retail banking can take advantage of a tailored cloud solution built on Microsoft’s trusted platform with robust security and compliance to speed time to value while unlocking innovation for sustainable growth,” said Bill Borden, Corporate Vice President of Worldwide Financial Services, Microsoft.

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