HCL Technologies Named Leader in Development of Next Gen Banking, Financial and Insurance Applications

HCL Technologies (HCL), a leading global technology company, has been recognized as a leader in providing Next Gen Application Development and Maintenance (ADM) for the banking, financial service,  and insurance (BFSI) sectors, according to  2018 ISG Providers Lens TM Quadrant Report. According to ISG, HCL has emerged as a leader among service providers, because of its rich toolset, strategic partnerships, and micro-verticalized focus in helping to create tailored BFSI solutions for its US clients.

This report assesses vendors based on their capability to augment traditional ADM services with emerging technologies and methodologies like agile, DevOps, automation, digital and modernization techniques to deliver application outsourcing projects. It also assesses provider capabilities in incorporating new approaches to develop and deliver applications that focus on business outcomes.

Rahul Singh, President and Global Head of Financial Services at HCL Technologies said, “We are pleased to be chosen as the leader in Next Gen Application Development and Maintenance (ADM) for the BFSI sectors. We are continually striving to enhance HCL’s as-a-service offerings, grow partnerships with next-gen (mode 2) technology firms and expand our services portfolio in key areas such as wealth, risk and compliance, payments, Digital and regulatory technology.”

“HCL can be a right partner of choice for financial enterprises looking for end-to-end ADM services with a focus on modernization, digitalization and cloudification,” said Ashish Chaturvedi, Principal analyst, ISG. “HCL has developed a rich toolset that propagates a specialized approach to ADM services. For example, FENIX is an operating model specifically designed for the BFSI industry with cloud and digital transformation as its core goals.”