HCL signs an agreement with the Euroclear group

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HCL Technologies (HCL), on Tuesday, announced that it has signed a multi-year application agreement with Euroclear Group to help the company accelerate its agile transformation journey by using new technologies and working processes to boost its digital capabilities.

Euroclear is the world’s biggest supplier of domestic and cross-border settlement and related services for bond, equities, and fund transactions, while HCL is a leading global technology company. The companies will work together to develop new business models and market prospects based on data monetization and innovation.

“We’re delighted Euroclear selected HCL to become its strategic partner in such a visionary transformation. This deal is a great endorsement of HCL’s proven experience delivering value for our clients by co-creating new services and harnessing data to drive innovation and diversification. Our partnership-driven approach will foster a culture of continuous improvement for Euroclear’s business.”

Sudip Lahiri, Senior Vice President and Head of Financial Services, Europe, HCL Technologies

HCL will modernize Euroclear’s digital channel landscape through Fenix 2.0 execution framework, which will help the latter accelerate innovation in its digital channels by harnessing automation, unified end-customer experience, and DevOps delivery models.

Capitalizing on its deep-domain knowledge and vast experience of driving transformation with other financial services clients, HCL will work with Euroclear on sustainable innovation to answer market problems and new digital initiatives that drive business value by establishing a co-innovation lab in Brussels.

The lab will foster an entrepreneurial atmosphere in which researchers can investigate emerging technologies and trends and apply them to new goods and services.

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