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What is the story about?
IT services firm HCLTech Ltd on Wednesday (December 17) said it has been selected as a strategic partner by ASN Bank, formerly known as de Volksbank and the fourth-largest retail bank in the Netherlands.
The partnership is aligned with ASN Bank’s new strategy, ‘Simplify and Grow’, under which the bank plans to modernise and standardise its IT architecture. The initiative involves consolidating IT services.
Under the multi-year agreement, HCLTech will support ASN Bank's enterprise applications and streamline services through a distributed delivery model to enhance efficiency and customer experience.
Also Read: HCLTech expands digital transformation partnership with Aurobay Technologies
Michel Ruijterman, Chief Information Officer, ASN Bank, said, "By signing this agreement, HCLTech's proven track record in delivering scalable, innovative solutions tailored to the financial services sector means we can now confidently press on with streamlining our business by reducing the number of existing products and aligning the underlying processes and systems under our new strategy."
Sudip Lahiri, Executive Vice President and Head of Financial Services for Europe, HCLTech, said, "By aligning our engineering mindset and scalable, domain-led solutions with ASN Bank’s strategic goals, we are set to deliver tangible impact and long-term value, laying the foundation for future-ready operations. Collaborating with ASN Bank marks a major step forward for HCLTech as we grow our presence in the Dutch banking sector."
Shares of HCL Technologies Ltd ended at ₹1,655.10, up by ₹3.40, or 0.21%, on the BSE.
Also Read: HCLTech partners with Strategy to power global rollout of AI-driven Strategy Mosaic
The partnership is aligned with ASN Bank’s new strategy, ‘Simplify and Grow’, under which the bank plans to modernise and standardise its IT architecture. The initiative involves consolidating IT services.
Under the multi-year agreement, HCLTech will support ASN Bank's enterprise applications and streamline services through a distributed delivery model to enhance efficiency and customer experience.
Also Read: HCLTech expands digital transformation partnership with Aurobay Technologies
Michel Ruijterman, Chief Information Officer, ASN Bank, said, "By signing this agreement, HCLTech's proven track record in delivering scalable, innovative solutions tailored to the financial services sector means we can now confidently press on with streamlining our business by reducing the number of existing products and aligning the underlying processes and systems under our new strategy."
Sudip Lahiri, Executive Vice President and Head of Financial Services for Europe, HCLTech, said, "By aligning our engineering mindset and scalable, domain-led solutions with ASN Bank’s strategic goals, we are set to deliver tangible impact and long-term value, laying the foundation for future-ready operations. Collaborating with ASN Bank marks a major step forward for HCLTech as we grow our presence in the Dutch banking sector."
Shares of HCL Technologies Ltd ended at ₹1,655.10, up by ₹3.40, or 0.21%, on the BSE.
Also Read: HCLTech partners with Strategy to power global rollout of AI-driven Strategy Mosaic
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