This report has assessed profiles of the 23 top-tier service providers offering banking process transformation services and HCLTech has been positioned as a Leader in the Avasant Banking Process Transformation 2023 RadarView.

As per the analysts, “Rising competition from fintechs and significant regulatory pressure require banks to transform processes in order to stay in tune with emerging service delivery models. HCLTech’s proprietary workflow automation platform, Toscana, enables process reengineering and orchestration to help banks improve core banking operations and drive efficiencies. This is supported by its NOVUS suite of business transformation offerings with end-to-end coverage of banking solutions to optimize current service delivery models and improve digital banking services. Further, HCLTech differentiates itself from its competitors through its deep domain expertise and continued investments in building extensive partnerships.

Its focus on expanding its capabilities in KYC and AML and mortgage origination, delivery expansion, and a robust partner ecosystem has placed HCLTech as a leader in Avasant’s Banking Process Transformation 2023 RadarView.”

To know more download the report.

Disclaimer: Avasant does not endorse any provider, product, or service depicted in its research publications, including RadarView, and does not advise users to select only those providers recognized in these publications. Avasant’s research publications are based on information from the best available sources and Avasant’s opinion at the time of publication, and their contents should not be construed as statements of fact. Avasant disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.