Everest Group Names HCL As a Leader for IT Outsourcing in Global Capital Markets

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HCL Technologies (HCL), a leading global IT services company, has been recognized for its leadership and integrated services value proposition for the global capital markets by Everest Group

HCL Technologies (HCL), a leading global IT services company, has been recognized for its leadership and integrated services value proposition for the global capital markets by Everest Group. In the report titled “IT Outsourcing in Global Capital Markets – PEAK MatrixTM Assessment 2016”, HCL has been named among the Leaders, the providers that display leadership in delivery capabilities as well as market success.

The Everest Group report assessed the capabilities of 27 leading Applications Outsourcing service providers for their capabilities specific to the global capital markets sector. These providers were mapped on the Everest Group Performance, Experience, Ability, Knowledge (PEAK) Matrix (TM) – a composite index of a range of distinct metrics related to each provider’s capability and market success.

"Beyond a relentless push on cost containment, capital markets firms are adopting disruptive business models, mutualizing costs through shared utilities, and investing in digital technologies to stay ahead of competition,” said Jimit Arora, Partner, Everest Group. “Ability to offer an end-to-end IT services value proposition for capital markets firms with committed upfront cost savings, strong domain expertise, flexible engagement models, and investments in innovative delivery technologies helped HCL Technologies enhance its position as a Leader on the 2016 Everest Group Capital Markets AO PEAK Matrix.”

“This recognition underscores HCL’s leadership and distinct positioning in serving the business needs and transformation requirements of large global capital market businesses,” said Rahul Singh, President & Global Head – Financial Services, HCL Technologies. “HCL has been successful in strengthening relationship with existing clients as well winning new clients by leveraging integrated services value proposition which focuses on digital, co–innovation and comprehensive capabilities for investment banking and asset management. Clients specifically praise HCL’s domain expertise and the ability to leverage unique engineering capabilities to provide solutions for complex requirements.”

HCL’s Financial Services practice offers transformational services for the 21st Century Enterprise, based on a value–centric approach, thought leadership, co–innovation focus, and deep micro–vertical domain expertise across retail and corporate banking, diversified financial services and insurance. For the Global Capital Markets, HCL provides end–to–end solutions across Asset Management, Wealth Management, Risk and Compliance, Investment Banking, Exchanges, Securities and Fund Services.

Source: http://www.hcltech.com/press-releases/application-development-and-maintenance-services/everest-group-names-hcl-leader-it

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