New Delhi: HCL Technologies (HCL), a leading global technology company, announced a new multi-year application agreement with Euroclear Group to accelerate its agile transformation journey with technologies and work practices to enhance its digital capabilities.
HCL will work with Euroclear, the world’s largest provider of domestic and cross-border regulations and related services for bond, equity and fund transactions, to explore new business models and market opportunities to create value through innovation and data monetization. Building on its Fenix 2.0 execution framework, HCL will modernize Euroclear’s digital channel landscape. This will help Euroclear accelerate innovation in its digital channels by leveraging automation, unified customer experience and DevOps delivery models.
Capitalizing on its in-depth domain knowledge and extensive experience driving transformation with other financial services clients, HCL will establish a co-innovation lab in Brussels, where it will work with Euroclear on sustainable innovation to meet market issues and new digital initiatives that drive business value. The lab will create an entrepreneurial environment to explore emerging technologies and trends and apply them to create new products and services.
“We are delighted that Euroclear has chosen HCL to become its strategic partner in such a visionary transformation,” said Sudip Lahiri, senior vice president and head of financial services, Europe, HCL Technologies. “This agreement is a great endorsement of HCL’s proven track record of creating value for our clients by co-creating new services and leveraging data to drive innovation and diversification. Our partnership-based approach will foster a culture of continuous improvement for Euroclear’s business.