
RETAIL AND CORPORATE BANKING
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Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Overview
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.
Key Features
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 –
- Partner for distributed agile transformations at a leading Australian Bank
- Digital transformation in lending for a Leading UK based Diversified Financial Services Company
- Cloud transformation for a Multi-National BFS Company Operating Across APAC
- ABP for a leading Australian Bank
The Everest Group PEAK Matrix report recognizes HCL’s commitment to deliver meaningful innovation to the banking sector by leveraging its engineering heritage.
Key Benefits
COMMERCIAL & CORPORATE LENDING
The modern lending framework is defined by vital services like underwriting and credit profiling. What’s more, effective loan book management and enduring customer relationships require tighter lending processes – for both commercial and corporate spaces.
It’s evident, then, that banks need a clearly outlined strategy to consolidate layered systems and contain operational costs. What makes integration failsafe? At HCL, we cover every aspect of banking pipelines – deploying cutting-edge tech to transform the commercial and corporate lending space. HCL has designed an end-to-end corporate lending solution suite, empowering banks to optimize commercial and corporate lending practices. These include:
Loan origination and straight-through processing (STP): HCL CapitalStream™ to ensure:
- STP incorporation across lending/leasing portfolios
- Enterprise-grade automation – sales, credit analysis, document generation, booking, and account monitoring
- Efficient risk management
Product upgrades and loan syndication: A strategic alliance between HCL and Misys, enabling:
- Product enhancement across the software development lifecycle
- Comprehensive requirements from definition to development and testing
- Misys Loan IQ solution to support the entire loan lifecycle with emphasis on syndication and servicing
HCL finance solution: Platforms, methodologies, technologies, and digital process operations – extending STP capabilities
Custom solution development: Delivers customized corporate lending solutions origination, credit risk management, documentation, electronic document management, disbursement/drawdown, servicing, collateral management, and collections
CONSUMER LENDING
Great banking is all about smart lending. Vital for growth in any segment, anywhere in the world, emerging players must embed intelligent lending practices and loan origination systems into their expansion roadmap. This is an intricate terrain that demands insightful management and consistent innovation, through effective loan servicing software and loan management software deployment. At HCL, we try and minimize risks for industry leaders, while offering the highest level of borrowing flexibility to end-users.
What we have in place is a composite enterprise lending suite comprising robust loan servicing software and loan management software, engineered for an end-to-end view. Our clients can now:
- Effectively manage leads and workflows
- Securely enable data capture and verification for loan collateral documents
- Seamlessly integrate credit applications like core banking, loan prospecting, and collateral valuation
- Easily identify nonperforming, as well as potential nonperforming loans
- Regularly track loan collection and defaulters
What’s HCL changing?
Our years of experience makes us realize that product-demand synergies and customer retention are key priorities. Our solutions are ready for personalization with re-configurable features, focused on ‘experience’ and not just efficacy.
HCL’s loan servicing software facilitates improved tracking of defaulters, ensuring a robust follow-up process for collectors. Our solution drives efficient handling of end-to-end collection tracking, right from identifying nonperforming loans (NPL) to potential nonperforming loans (PNPL). With our ‘Chordiant Collection Manager’ offering, we reaffirm our commitment to transparent and ethical operations. Chordiant shapes a pipeline that’s got it all: monitoring, reporting, legal support, and compliance. We are committed to creating reliable and trust-friendly loan management programs.
CORE BANKING OPERATIONS
An imperative for core banking is the ability to ensure stringent timelines and orchestrate error-free delivery. A set of products fine-tuned to effective channel management, actioned at specific touchpoints - HCL’s solution suite combines multiple functionalities:
- Design and development of core banking software
- Testing and test automation
- Application enhancement and maintenance support
And our consultancy services are aligngeared to the following categories - core banking solutions, financial product creation in application migration, data conversion, and big bang/phased implementation for modular business coverage.
What makes a great partnership long lasting?
SAP, Oracle, and Misys are among our pool of partners when it comes to developing financial software systems and core banking services. Our partners help traverse the intricacies of product customization and unravel multi-layered implementation. The SAP initiative makes for the perfect illustration, focused on core banking solutions and product development for the US, India and China. Axon, our SAP consulting division, is a unique value driver equipped with a global delivery model for financial software systems.
The certified advantage partnership with Oracle places us at the acme of its association matrix:
- Tech-driven enterprise efficiency
- Data warehousing and business intelligence
- Fusion middleware and Oracle database
The HCL Oracle Lab is immaculately designed for effective product demonstration across a plethora of global clients. Our Misys engagement – since 2007 – is built around product development and applications in the Asia Pacific and Australia regions. HCL’s approach has found fruition among several trusted customers:
- Robust core banking system for a large European mortgages and retail services bank
- Core banking product for one of the world’s leading solution providers
For more information please refer: https://www.hcltech.com/financial-services/retail-corporate-banking