HCL named leader in banking application services

Banks and other FIs have traditionally lagged behind in the field of technology but given the rapid pace of change today, it’s not surprising that they are in the hot seat. Thankfully, companies like HCL Technologies now have their back.

The company has been identified as a leader in two of the Everest Group’s 2017 PEAK Matrix assessments and was recently recognized for its Global Banking Application Outsourcing Services as well as for its Global Capital Markets Application Outsourcing Services.

Positioning on both the Global Banking Application Outsourcing Services and Global Capital Markets Application Outsourcing Awards are based on criteria across two dimensions. The PEAK Matrix looks at market success by vertical-specific revenue, the number of large active deals, and the yearly vertical-specific revenue growth. The delivery capability of a company is also measured, and this criterion includes the scale of operations, scope, domain expertise and innovation, delivery footprint, and buyer satisfaction.

“Financial institutions are redesigning their technology sourcing strategies to respond to changing consumer demands, new technologies, regulatory pressures, and intense competition from FinTech competitors,” said Jimit Arora, Partner, Everest Group. “Consistent successes in winning new deals, a willingness to invest in clients through co-innovation labs, and sustained investments in new capabilities such as application modernization, API services, and automation, have positioned HCL Technologies as a leader for the third consecutive year on Everest Group’s 2017 PEAK Matrix™ Assessment for Applications Outsourcing in Banking and Capital Markets.”

Leave a Reply

Your email address will not be published. Required fields are marked *