HCL will establish fintech lab in Germany to drive innovation and create transformational technology architectures
HCL Technologies (HCL), a leading global technology company, has entered a multi-year application services transformation partnership with Lendico, a brand of ING Germany, to deliver application and engineering services to help it create a state-of-the-art digital platform that makes business banking faster and more convenient for small- and medium-sized enterprises (SMEs).
HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management.
Lendico will be the first to leverage the lab to bring innovative approaches for processes, such as credit decisioning, loans collections and KYC. The lab will also enable transformational technology architectures, such as API gateways and microservices. Lendico will be able to scale by rapidly onboarding new partners and bringing new services to market faster, thus enhancing customer experience.
Commenting on the partnership, Lendico and Head of Business Banking (ING Germany) Managing Director Sven Foos said the company wants to create complete business banking solutions that enhance our position as a strong partner for SMEs on the basis of the agile mentality that enables us to innovate and scale rapidly.
“HCL was the ideal partner to support our journey due to its ingrained culture of digital innovation, next-generation engineering capabilities and transformational frameworks,” said Sven Foos.
Europe, HCL Technologies Senior Vice President and Head of Financial Services Sudip Lahiri said Lendico is a frontrunner in frictionless digital SME lending, and we are excited to be a part of this transformational journey.
“Our partnership with Lendico will become a template for fintechs looking to scale digitally by embracing a platform-based ecosystem model. This approach will strengthen Lendico’s ability to reach new customers and markets quickly while remaining compliant with strict industry regulation. Our fintech lab will become a hub for financial services innovation in Europe and will further strengthen HCL’s delivery capabilities for banking clients in Germany,” said Sudip Lahiri.
About HCL Technologiesimage001
HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL’s Mode 1-2-3 strategy, based on its deep-domain industry expertise, client-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.
HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generation digital transformation solutions.
ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, including Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail and CPG, Life Sciences and Healthcare, and Public Services.
