HCLTech helped move a global federal credit union away from legacy applications and onto Salesforce

Reimagining business through technology innovation

Read how HCLTech collaborated with our client to develop an application for verifying customer data, therefore improving the accuracy of customer data during onboarding.

Explore the rise of regulated Central Bank Digital Currencies (CBDCs) in response to the growth of decentralized cryptocurrencies.

Learn why, how and how not to do it to mitigate risks effectively.

Digital transformation made simpler with next-generation technologies

As businesses shift more transactions online in the digital era, it’s essential for Financial Services organizations to adopt a comprehensive approach to visibility within their technology ecosystems.

Digital transformation eases daily tasks like shopping and payments with automation. Yet, many companies still question its necessity for staying competitive and future-ready.

Digitization is the conversion of data into a digital format with the adoption of technology. Adoption of digitalization is very important for the banking sector.

The financial services industry is looking at improving online customer service enabled by competition with consumer brands like Amazon, Facebook, and Google. Importantly, most financial services executives feel improving the customer experience to be the top driver of digitization in banking.

Alongside banks, there’re a lot of other companies that lend, save, and invest in easier, cheaper, and faster ways than financial giants. All of these are made possible with blockchain entering the scene.

Core banking systems are aimed at empowering existing and probable customers to have a greater freedom of their account transactions. With technological evolutions, transactions are now safer, faster and less cumbersome.