NOIDA, India, Aug. 23, 2016 /PRNewswire/ -- HCL Technologies (HCL), a leading global IT services company, has been positioned as a "LEADER" in Everest Group PEAK Matrix™ for Global Banking IT Outsourcing Services. As per the report "IT Outsourcing in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2016", HCL's strong digital vision and high focus on innovation are some of the strengths cited by its clients.
The report analysed 28 IT service providers for banking applications outsourcing, characterizing leaders as those that have invested aggressively (in house/alliance/acquisition) in next–generation technologies such as mobility, analytics, cloud, automation, and cognitive computing, partnered with niche technology startups through a well–defined FinTech strategy, and expanded their nearshore presence.
According to the report, HCL has demonstrated credible growth by replacing large incumbents in recent deal wins and has been able to successfully position itself as an innovative IT service provider with focus on risk & regulatory compliance, legacy modernizations, and digital. IP–led approach, growing partner ecosystem, success in large scale vendor consolidations deals, and proactive investments in clients through co–innovation labs and PoCs have helped it build strong credential and position itself as a leader in this year's Banking AO PEAK Matrix.
"Everest Group has recognized HCL as a leader for the second year in a row, testifying HCL's leadership in the global banking IT and applications outsourcing space. The recognition highlights the maturity of HCL's banking–specific investments & solutions, co–innovation labs, partner ecosystem and flexible & innovative delivery models. Clients have specifically praised HCL's strong and clear digital vision through the BEYONDigital business unit and high focus on innovation" said RahulSingh, President & Global Head – Financial Services, HCL Technologies.
HCL's financial services practice offers transformational services for the 21st Century Enterprise, based on a value–centric approach, thought leadership, co–innovation focus, and deep micro–vertical domain expertise across retail and corporate banking, diversified financial services and insurance.