21 February 2017
Visit experienceinfosys.com

Avaloq and HCL form strategic partnership

31 March 2014  |  1903 views  |  0 Source: The Avaloq group

The Avaloq group, a leader in integrated and comprehensive banking solutions today announced a strategic partnership with HCL Technologies Ltd., a leading global IT services provider.

The highlight of the partnership will be the foundation of an off-shore Centre of Excellence in Bangalore, India. 

The centre will offer flexible and scalable capabilities in implementation, systems integration, migration and testing on the Avaloq Banking Suite's range of wealth management products.

The global partnership will provide flexible and scalable access to Avaloq know-how and the ability to deliver from off-shore, near-shore and on-site, leveraging HCL global delivery centres. As a consequence of the strategic partnership, current and future Avaloq customers will benefit from improved service, delivery and support for their international implementation projects. HCL will invest in skills development and training programs for employees of the newly created off-shore Centre of Excellence. The partnership focuses on a global delivery model during and after implementation of the Avaloq Banking Suite. The Centre of Excellence will be capable of providing support on the product level as well as for bank side services.

"This global partnership brings significant added value to our entire customer base", explains Francisco Fernandez, CEO of Avaloq. "The alliance will improve our ability to serve international customers, boost our successful internationalisation strategy and in particular strengthen our position in Asia and Europe."

Commenting on the development, Rahul Singh, President, Financial Services & Business Services, HCL Technologies said: "We are delighted to be teaming up with Avaloq and add its leading banking solutions to HCL's private wealth management service and integration capabilities. Our expertise in program management, solution implementation and system integration along with Avaloq's solutions portfolio will enable us to provide integrated and comprehensive services to customers."

With over twelve years of robust experience, wealth management is one of the significant pillars of HCL's vision for the financial services industry. The partnership offers strong advantages to Avaloq's business with long term support from HCL which will lead to rapid integration of Avaloq's specific expertise and knowledge.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comVisit Yelloco.co.uk

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
17729 views 11 comments | 54 tweets | 88 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10393 views comments | 21 tweets | 19 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
10387 views comments | 49 tweets | 58 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9295 views comments | 17 tweets | 12 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8435 views comments | 17 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job