hcl technology to buy digital banking organisation confinale


new delhi: hcl technology united kingdom, a subsidiary of it offerings enterprise hcl technologies, has signed a definitive percent for acquisition of switzerland-based totally confinale, a digital banking and wealth management consulting professional. with this strategic acquisition, hcl will expand its footprint inside the global wealth control market with emphasis on avaloq consulting, implementation and management talents, it stated in a assertion on monday.
confinale, based in 2012, specializes in it consulting in key areas in the banking and wealth control area.

with workplaces in switzerland, together with zurich, zug and geneva, and also in dusseldorf and london, confinale works with a slew of main banks and wealth advisors.

confinale has certainly one of the largest independent pools of avaloq-certified professionals in europe and its in-house evolved products and answers accelerate the implementation of the avaloq platform.

the digital banking and wealth management professional is one among only four businesses to be presented the identify of avaloq premium implementation companion, the declaration said.

there may be a sizeable disruption taking location in worldwide wealth management and this means an possibility for technology-led innovation, rahul singh, president of economic offerings and virtual method operations at hcl technologies discovered.

“this acquisition considerably strengthens hcl’s virtual wealth and asset control abilties and expands our presence in the coronary heart of the worldwide investment banking quarter,” singh introduced.

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