Retail and Corporate Banking

Digital disruptions are forcing banks to rethink operating models. Today, corporate banking customers demand real-time interaction, service immediacy, and transparency. They want an experience on par with that of Uber or Amazon in corporate banking. Start-ups like TransferWise and Simple Tax have identified this need in retail banking, providing greater convenience in conducting transactions. The implementation of regulatory directives like PSD2 will result in banks competing with everyone offering commercial lending, financial services, and banking solutions.

With their dominance under threat, retail banking and corporate banking and commercial lending organizations are embarking on a trajectory for change.

Articulating next-gen retail banking solutions

Traditional players providing core banking solution are striving to reposition themselves as technology platform firms with a banking license. HCL is investing in FinTechs, APIs, application modernization, and cognitive computing to facilitate this transition.

Our Mode 1-2-3 approach ensures that banks evolve in line with disruptions in the ecosystem and rapidly changing customer dynamics. We enable organizations to become future-proof by fostering strategic partnerships.

We have entered into a joint venture agreement with DXC Technology to specifically focus on application modernization, API related services, and product functionality enhancements. Our partnership with IBM Watson enables us to develop retail banking solutions and core banking solution in the automation  and AI space and deliver cognitive capabilities to existing platforms. DRYiCE, an autonomics and orchestration framework, drives efficiency for the banking sector by automating both standard and nonstandard tasks.

HCL believes in a collaborative approach and delivers co-innovation lab offerings to banking sector clients. Our co-innovation lab in London has 150 professionals working with emergent technologies for applied innovation.

Some of our key achievements in the banking domain are –

The Everest Group PEAK Matrix report recognizes HCL’s commitment to deliver meaningful innovation to the banking sector by leveraging its engineering heritage.


Alternate Application Support and Maintenance

ALT ASM TM leverages Run.Advisor, an industry-best automation and analytics platform, to enable 360-degree application support and management.


cXstudio TM is an application development delivery framework unlocking future-ready digital operating models while bringing together businesses and IT stakeholders.

Finastra FusionBanking Essence

It brings together the best of service-oriented architecture (SOA) and a Java framework to build a sustainable and streamlined business model.

Finastra FusionBanking Loan-IQ

It provides expertise across loan originations and servicing functions, ranging from loan onboarding to loan servicing.

Risk & Compliance Management

It helps provide an integrated view of internal and external cases of fraud through data accuracy, compliance tools, and business intelligence.



HCL’s Cards micro-vertical delivers end-to-end retail financial services for both credit and debit cards, from card origination to credit card payments. Read More


HCL's integrated cash management system reduces governance and management expenses, thereby ensuring complete customer satisfaction. Read More


HCL provides end-to-end solutions across commercial lending and corporate lending, empowering banks to control operational costs. Read More


HCL has extensive industry expertise in consumer lending in the areas of collection and collateral management. Read More


HCL’s core banking solutions cover the entire gamut of functionalities, from customer views to niche zones such as funds transfer. Read More


HCL’s banking solutions are geared for enhanced visibility and augmented control, preempting operational risks and fraudulent transactions. Read More


HCL offers a comprehensive range of SAP services to enterprise clients, including business and IT consulting, full-service implementation, and deep Aerospace and Defense industry subject-matter expertise. We help A&D businesses deploy SAP solutions globally, reduce operational costs and manage their supply chain, assets and product lifecycles. Read More


BASE90: HCL’s Base90 Aerospace Company for S/4 solution reduces risk, time, and cost for companies evaluating SAP ERP as a potential enterprise solution or extending their existing SAP footprint. Built by experts, Base90 extends SAP’s technology by adding SAP industry-specific preconfigured templates, configuration, and enhancements. Read More

Insights & News


HCL has been positioned as ‘Leader’ on the Global Banking Application Outsourcing PEAK Matrix – 2017 by Everest


Our partnerships allow us to combine each other's strengths, and use this synergy to help our customers quickly implement and efficiently operate the latest in IT infrastructure. Our large network of partners allows us to deliver solutions tailor-made for each of our customers.



D+H (FundTech)