Transforming the Heart of Banking Systems
Banks need to replace legacy core applications with a strong API approach that enables integrations to fintech and drives growth organically and through mergers and acquisitions.
HCLTech enables banks to leverage micro-innovations using fintech in a "Surround the Core" approach in which we build customizations in the layer surrounding your core banking processes. Based on embedded analytics and specially designed for core banking modernization, our digital-ready solutions enable banks to deploy rich omnichannel touchpoints in real-time, resulting in enhanced customer experiences.
Be Future-ready with Our Solutions
Transform your banking infrastructure with our core banking solutions by transitioning from a traditional monolithic setup to a dynamic microservices architecture.
Speedboating greenfield core systems
HCLTech’s composable banking framework helps set up a parallel origination and fulfillment system, loosely embedding it within the existing architecture. This leads to easy integration and migration of a new product on a new platform, enabling a real environment check of the product features. We leverage market-leading platforms and fintech partnerships to enable a new greenfield digital core for the bank.
Hollow the core
Switch from a legacy core banking custom suite to a lighter and core function-focused solution. HCLTech composable banking brings a multitude of custom capabilities to decouple non-core functions by seamlessly integrating microservices and commercial-off-the-shelf abilities.
Progressive modernization
Experience maximum business value with minimum risk. HCLTech microservices and composable banking framework enable banks to design and build the optimal migration roadmap, leading to improved change management with reduced incidents.
Product pricing and billing
Personalize the product with reference to the market and maximize fee income. Our expertise in integrating pricing and billing solutions with core solutions and other non-core products enables enterprises to have a single customer view of all charges. It supports the setup of multi-country, multi-currency and custom pricing parameters for various products.
Banking as a service
Make digital transformation easier. Our integrated solution provides the entire stack of offerings as a single platform, including hosting, application components, process operations and consulting services. It significantly reduces vendor management costs, governance overhead and total cost of ownership while providing innovative pricing and robust risk/reward and utility models.
Why HCLTech for Core Banking Solutions?
Modernize legacy systems and derive optimum benefits from your digital transformation with HCLTech core banking solutions. We ensure the smooth procurement of existing data, and maintenance of data tables and values, while handling data verification for migration.
These new-age frameworks and the extensive experience of our seasoned program managers will supercharge your vision of staying ahead of time.
Drive loyalty
Focus on customer experience, which trumps product loyalty in today’s world
Differentiate with data
Create data products using context buried in transaction data
Innovate and play
Accelerate integration with micro-innovations from the fintech ecosystem
Full accountability
End-to-end responsibility for program governance and delivery
Insights and News
Composable banking: Raising the bar for banks
Explore a new plug-and-play transformation approach to accelerate the delivery of hyper-personalized client journeys
Future-proofing financial services: Legacy system to modernization
Explore how HCLTech facilitated the transformation journey for our client's migration from old legacy systems to modernized applications
AI amplification on pKYC in financial services
Learn how AI-powered pKYC is reshaping the landscape of compliance operations in the financial services industry
