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ISG Provider Lens™ Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications

Posted On: 2019-02-18 22:19:50

HCL Technologies (HCL), a leading global technology company, has been recognized as a leader in providing Next Gen Application Development and Maintenance (ADM) for the banking, financial service, and insurance (BFSI) sectors, according to 2018 ISG Providers Lens™ Quadrant Report. According to ISG, HCL has emerged as a leader among service providers, because of its rich toolset, strategic partnerships, and micro-verticalized focus in helping to create tailored BFSI solutions for its US clients.

This report assesses vendors based on their capability to augment traditional ADM services with emerging technologies and methodologies like agile, DevOps, automation, digital and modernization techniques to deliver application outsourcing projects. It also assesses provider capabilities in incorporating new approaches to develop and deliver applications that focus on business outcomes.

Rahul Singh, President and Global Head of Financial Services at HCL Technologies said, "We are pleased to be chosen as the leader in Next Gen Application Development and Maintenance (ADM) for the BFSI sectors. We are continually strivng to enhance HCL"s as-a-service offerings, grow partnerships with next gen (mode 2) technology firms and expand our services portfolio in key areas such as wealth, risk and compliance, payments, Digital and regulatory technology."

"HCL can be a right partner of choice for financial enterprises looking for end-to-end ADM services with a focus on modernization, digitalization and cloudification," said Ashish Chaturvedi, Principal analyst, ISG. "HCL has developed a rich toolset that propagates a specialized approach to ADM services. For example, FENIX is an operating model specifically designed for the BFSI industry with cloud and digital transformation as its core goals."

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1064.65 as compared to the previous close of Rs. 1067.65. The total number of shares traded during the day was 31675 in over 1295 trades.

The stock hit an intraday high of Rs. 1069.75 and intraday low of 1057.7. The net turnover during the day was Rs. 33667946.


Source: Equity Bulls

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