Everest Group Names HCL Technologies as a Leader in Global Banking and Global Capital Markets Application Services

Posted by: at 8/08/2017 11:28:00 pm
Everest Group Names HCL Technologies as a Leader in Global Banking and Global Capital Markets Application Services

Company receives high PEAK MatrixTM positions for the third consecutive year


August 9, 2017, Noida – HCL Technologies (HCL), a leading global IT services company,has been identified as a leader in two of the Everest Group’s 2017 PEAK Matrix™ assessments. HCL was recognized for its Global Banking Application Outsourcing Services as well as for its Global Capital Markets Application Outsourcing Services.

Positioning on both the Global Banking Application Outsourcing Services and Global Capital Markets Application Outsourcing Awards are based on criteria across two dimensions. The PEAK Matrix looks at market success by vertical-specific revenue, the number of large active deals, and the yearly vertical-specific revenue growth. The delivery capability of a company is also measured, and this criterion includes the scale of operations, scope, domain expertise and innovation, delivery footprint, and buyer satisfaction.

“Receiving this leadership award for the third year in a row demonstrates HCL’s commitment to going beyond the contract to keeping our Financial Services clients ahead of market demands, technology trends, and customer behavior,” said Rahul Singh, President & Global Head – Financial Services, HCL Technologies. “Our vision to simplify, digitize, and disrupt helps us build futuristic solutions that enable our clients to in-turn provide a superior experience to their digital native consumers.”

“Financial institutions are redesigning their technology sourcing strategies to respond to changing consumer demands, new technologies, regulatory pressures, and intense competition from FinTech competitors,” said Jimit Arora, Partner, Everest Group. “Consistent successes in winning new deals, a willingness to invest in clients through co-innovation labs, and sustained investments in new capabilities such as application modernization, API services, and automation, have positioned HCL Technologies as a leader for the third consecutive year on Everest Group’s 2017 PEAK Matrix™ Assessment for Applications Outsourcing in Banking and Capital Markets.”

The Global Banking Application Outsourcing Services can be downloaded here.

The Global Capital Markets Application Outsourcing Services can be downloaded here.

About HCL Technologies
HCL Technologies (HCL) is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 32 countries and has consolidated revenues of US$ 7.2 billion, for 12 Months ended 30th June, 2017. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCETM Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 focuses on internal IP creation as well as innovative IP–based partnerships to build products and platforms business.

HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 117,781 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.com


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