HCLTech, a leading global technology company, has signed a strategic collaboration agreement with Amazon Web Services (AWS) to accelerate innovation within the financial services industry. The partnership is focused on developing autonomous, AI-powered solutions to help banks, wealth managers, and insurance companies overcome challenges related to legacy infrastructure, siloed data, and complex regulations. By combining HCLTech's domain expertise with AWS's cloud infrastructure, the collaboration aims to deliver transformative outcomes through a suite of pre-built, industry-compliant solutions.
HCLTech signs a strategic collaboration agreement with Amazon Web Services (AWS).
The partnership focuses on AI and core modernization for financial services.
It addresses challenges like legacy systems, siloed data, and regulatory compliance.
HCLTech will launch pre-built solutions for contact centers and digital engagement.
The goal is to help financial institutions accelerate their digital transformation.
This builds upon a long-standing relationship between HCLTech and AWS.
Financial institutions are under increasing pressure to modernize their systems, improve customer experiences, and meet stringent sustainability and regulatory requirements. Many struggle with outdated legacy infrastructure and siloed data, which hinders innovation and agility. This collaboration is designed to directly address these pain points by providing proven solutions and strategic consulting tailored specifically for the banking, wealth, and insurance sectors.
As part of the agreement, HCLTech will launch a suite of pre-built, industry-compliant solutions powered by AWS. These solutions are aimed at modernizing key operational areas, including contact centers, digital engagement platforms, and core banking systems. The initiative reinforces a shared commitment to delivering autonomous financial services at scale, enabling clients to innovate faster while maintaining the necessary security and compliance standards.
The value of the HCLTech and AWS partnership is already recognized by major financial players. The collaborative approach is proven to drive agility and unlock the potential of cloud and AI for institutional clients, providing a model for successful digital modernization in the sector.
"We understand that a digital journey is of strategic importance and the need of the hour is for a trusted partner that can engage across the transformation lifecycle," said Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech. "Our collaboration with AWS addresses these challenges by providing proven solutions and expertise specifically designed for the financial services industry."
"Our collaboration with HCLTech and AWS is driving new levels of agility and innovation, helping us modernize core financial platforms and unlock the full potential of cloud and AI for our business," said Vikram Dewan, CIO at Jefferies.
"This strategic collaboration combines AWS's deep financial services expertise and scalable cloud infrastructure with HCLTech's consultative approach," said Scott Mullins, Managing Director of Worldwide Financial Services at AWS. "Together, we're enabling financial institutions to innovate and enhance customer experiences."
This strategic collaboration represents a significant force in the financial services technology landscape. By uniting HCLTech's implementation expertise with the power of AWS cloud and AI, the partnership is poised to help financial institutions navigate their digital transformation more efficiently and securely, ultimately accelerating the industry's move toward an autonomous future.
About HCLTech
HCLTech is a leading global technology company, today announced that it has signed a strategic collaboration agreement with Amazon Web Services (AWS) to accelerate innovation in the financial services industry through autonomous, AI-powered solutions. The collaboration brings together HCLTech’s deep domain expertise and AWS to deliver transformative outcomes for financial services organizations.
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