Global tech firm HCL Technologies has signed a new multi-year application deal with Euroclear Group, a provider of domestic and cross-border settlement and related services for bond, equity and fund transactions.
The agreement will see HCL collaborate with Euroclear to accelerate its transformation journey and improve its digital capabilities while exploring new business models and market opportunities to create value through innovation and data monetization.
“We’re delighted Euroclear selected HCL to become its strategic partner in such a visionary transformation,” said Sudip Lahiri, SVP and head of financial services, Europe, HCL Technologies. “This deal is a great endorsement of HCL’s proven experience delivering value for our clients by co-creating new services and harnessing data to drive innovation and diversification. Our partnership-driven approach will foster a culture of continuous improvement for Euroclear’s business.”
HCL’s Fenix 2.0 execution framework will modernise Euroclear’s digital channel landscape by leveraging automation, unified end-customer experience, and DevOps delivery models.
To aid this, HCL will establish a co-innovation lab in Brussels where it will work with Euroclear on sustainable innovations to answer market problems and new digital initiatives that drive business value. The lab will be used to explore emerging technologies and trends, applying them to create new products and services.
