Microsoft cloud for Financial Services selects HCL Technologies as a Launch Partner


HCL Technologies has now been selected as a launch partner for Microsoft's industry cloud – Microsoft Cloud for the Financial Services.

With this new collaborative partnership, HCL’s own banking platform, PowerBanking, will be hosted on the Microsoft Cloud for Financial Services. The new Financial Services Cloud offers multilayered security and comprehensive compliance coverage.

Executive Opinion

Rahul Singh, President, HCL Financial Services, said, "We partnered with Microsoft in this key initiative because they will enable our HCL Financial Services Ideapreneurs to incorporate their decades of domain expertise into a futuristic hyper-scale foundation. What our clients gain is a synergistic co-innovation effect: Microsoft surfacing new capabilities and HCL building differentiating solutions with our clients and partners."

Kalyan Kumar, Chief Technology Officer and Head of Ecosystems for HCL Technologies, said, "Similar to our Microsoft Cloud for Healthcare initiative, we used our long-standing relationship with Microsoft and our global Financial Services Industry capability to rally support and engage across HCL service lines. In HCL, Microsoft has a comprehensive co-innovation technology partner that can help realize the product’s true and vision of the Microsoft Cloud for Financial Services.

HCL Technologies and Microsoft Partnership

The Microsoft offering addresses key cloud concerns like better security via multi-layered security, the second is tackling regulations via comprehensive compliance coverage, and the third is to offer scalability for the fast expansion.

HCL PowerBanking Product will allow the retail banks to access better customer engagement and will also offer different customizations based on the preferences of the customers. Apart from that, HCL owns Microsoft Wing; the HCL Microsoft Ecosystem Unit will work with customers in private to utilize the components of the system in future scenarios.

The partnerships will also offer software-as-a-service and infrastructure as a service hosting solutions to its customers, notest the announcement.
PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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