MoneyWorks4Me

HCL Technologies, apoBank expand strategic partnership

11 Jun 2024 Evaluate

HCL Technologies (HCL Tech) and Deutsche Apotheker- und Arztebank eG (apoBank) have expanded its strategic partnership. HCLTech will accompany apoBank with an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant Digital Foundation services, enabling apoBank to deliver fast and secured banking services to its customers.

HCLTech is a strategic partner of Avaloq, a leading provider of banking technology and services, and has strong expertise with Avaloq’s core banking system. In 2022, HCLTech acquired Swiss company Confinale, a digital banking and wealth management consulting specialist and Avaloq implementation partner. apoBank became a HCLTech client in 2021 through a partnership in application services. The new contract will result in a significant expansion in the relationship.

HCL Technologies is a leading global IT services company that helps global enterprises reimagines and transforms their businesses through digital technology transformation.

Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
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