The partnership brings to market a new Digital Treasury as a Service offering, which enables banks to manage their treasury operations more efficiently and effectively.
'Market dynamics, increased regulation and competitive pressure to scale mean that the treasury market is ripe for transformation,' said
Powered by Finastra's Fusion OPICS treasury software and hosted on Microsoft Azure, HCL's Digital Treasury as a Service is ideal for banks with a more focused target market. Fusion OPICS, used by over a hundred banks worldwide, provides cost-effective support for global treasury trading operations, compliance and risk management and enables banks to transform and automate core treasury operations. HCL's Digital Treasury as a Service will encapsulate its contemporary digital and cloud transformation services such as FENIX 2.0, CyberSecurity Fusion Center and ElasticOps for an evergreen, scalable and one-stop-shop treasury solution.
Historically, many banks have been reliant on manual processes for treasury management, which can be error prone and impede growth and agility. With Digital Treasury as a Service, banks will be able to tap into affordable technology that optimizes treasury operations and produces cost savings.
'As banks across the globe accelerate their cloud first strategy, the ability to adopt a secure and accessible Digital Treasury as a Service offering will be essential,' said
Contact:
Tel: +44 (0)7917 613 586
Email: caroline.duff@finastra.com
About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world's top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers.
About
HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generation digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail and CPG, Life Sciences and Healthcare, and Public Services.
As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended
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