HCL, Finastra partner for digital transformation deals in South Korea, Taiwan

Noida-headquartered Information Technology (IT) services and consulting firm HCL has partnered with software vendor for the financial services industry, Finastra, to drive digital transformation deals in South Korea and Taiwan.   

As part of the partnership, HCL will offer Finastra’s strategic products – Fusion Cash Management and Fusion Summit – in the region.  

“Finastra’s strategic solutions coupled with HCL’s deep industry experience, will help institutions adapt and succeed in the changing ecosystem. This partnership will help HCL further accelerate its strategic presence in South Korea and Taiwan while strengthening its long-standing relationship with Finastra,” Sanjay Gupta, corporate vice president at HCL Technologies said in a statement.  

Founded in 2017, London-headquartered Finastra offers software solutions for retail banking, transaction banking, lending and treasury and capital markets. The company’s Fusion Cash Management product targets digital corporate banking for financial institutions while Fusion Summit offers core trading solutions for capital markets.  

“Expanding our association with HCL will bring substantial benefits for financial services institutions in South Korea and Taiwan, which are looking to take the next technological step in cash management and capital markets,” said Denise Parker, senior vice president and global head of partners and ecosystem at Finastra, in the statement.  

Earlier this year, Finastra had also announced a partnership with IT major Wipro to target the Asia-Pacific markets.