HCL Tech, Finastra expand partnership to drive financial transformation in South Korea and Taiwan; Stock hits new high

This partnership will help HCL further accelerate its strategic presence in South Korea and Taiwan.

Sep 15, 2021 03:09 IST India Infoline News Service

HCL Technologies
HCL Technologies and Finastra, the largest pure-play software vendor that serves the entire financial services industry, have expanded their partnership to drive digital transformation across South Korea and Taiwan.

As part of the engagement, HCL will use its next-generation digital transformation and service capabilities to bring two of Finastra’s strategic products, Fusion Cash Management and Fusion Summit, to the financial services ecosystem in the region.

Fusion Cash Management powers the digital corporate banking experience for financial institutions around the world while Fusion Summit offers a functionally rich core trading solution for capital markets.

“Expanding our association with HCL will bring substantial benefits for financial services institutions in South Korea and Taiwan, which are looking to take the next technological step in cash management and capital markets,” said Denise Parker, Senior Vice President and Global Head of Partners and Ecosystem, Finastra.

“This partnership is not only a testament to HCL’s strong relationship with Finastra, but also to its growing presence in South Korea and Taiwan,” said Sanjay Gupta, Corporate Vice President, HCL Technologies. “Finastra’s strategic solutions coupled with HCL’s deep industry experience, will help institutions adapt and succeed in the changing ecosystem.

This partnership will help HCL further accelerate its strategic presence in South Korea and Taiwan while strengthening its long-standing relationship with Finastra.”

At around 3:11 PM, HCL Technologies was trading at Rs1,281.40 apiece up by Rs43.1 or 3.48% after hitting 52-week high at Rs1,288.70 apiece on Sensex.

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