HCL Technologies (HCL) has decided to discontinue its joint venture agreement with DXC Technology and formed a new IP partnership with the company. Under the new partnership, HCL will be responsible for product development and modernisation, maintenance and professional services of core banking products.
In July 2015, the company had partnered with DXC and had formed two joint venture entities - CeleritiFinTech (CFT) and CeleritiFinTech Services (CFTS).
HCL Technologies is a software solutions company. Its services include application development, management, business process outsourcing, business analytical services, information technology infrastructure management, business assurance and testing, cloud computing, customer relationship management, mechanical engineering, network services, supply chain management, and system integration services.
