HCL Technologies has officially signed a contract with ASN Bank, the fourth-largest retail bank in the Netherlands, marking a significant expansion in the Dutch banking sector. The global technology company has been chosen by ASN Bank under a multi-year agreement focused on digital transformation and enhancing customer experience.

Contract Details and Strategic Partnership

The newly signed contract forms part of ASN Bank's comprehensive strategy called "Simplify and Grow," designed to modernize and standardize the bank's IT architecture. Under this partnership, HCLTech will provide crucial support for ASN Bank's enterprise applications while streamlining services through a distributed delivery model.

Transformation Objectives

The partnership aims to achieve several key objectives that will reshape ASN Bank's operational framework. The contract encompasses consolidating IT services across the organization and simplifying the vendor landscape for improved efficiency. The collaboration focuses on building a future-ready organizational structure while enhancing overall customer experience through standardized and automated systems for better business operations.

Leadership Perspectives

Michel Ruijterman, Chief Information Officer at ASN Bank, emphasized the strategic importance of this partnership. He highlighted HCLTech's proven track record in delivering scalable, innovative solutions tailored specifically to the financial services sector. This expertise will enable ASN Bank to streamline its business operations by reducing existing products and aligning underlying processes and systems under the new strategy.

Sudip Lahiri, Executive Vice President and Head of Financial Services for Europe at HCLTech, expressed enthusiasm about the collaboration. He noted that by aligning HCLTech's engineering mindset and scalable, domain-led solutions with ASN Bank's strategic goals, the partnership is positioned to deliver tangible impact and long-term value, establishing the foundation for future-ready operations.

Company Profiles

ASN Bank operates as an accessible and forward-looking financial institution with particular focus on sustainability, financial wellbeing, and affordable housing solutions. The bank's services concentrate primarily on payments, savings, and mortgages, always considering both customer interests and social impact. Through its nationwide network of branches and secure mobile banking platform, ASN Bank maintains a distinctive position in the Dutch banking landscape.

HCLTech operates as a global technology company with more than 226,600 employees across 60 countries. The company delivers industry-leading capabilities centered around AI, digital, engineering, cloud, and software solutions. HCLTech serves clients across major verticals including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility, and Public Services. The company reported consolidated revenues of $14.20 billion for the 12 months ending September 2023.

HCL Technologies has announced a strategic partnership with NSE Academy Limited, a subsidiary of the National Stock Exchange of India Ltd., to develop joint certificate programs targeting the evolving digital economy workforce. The collaboration focuses on delivering technology and finance education programs across India and the Middle East and South Asia (MESA) region.

Partnership Objectives and Scope

The partnership brings together the strengths of both organizations to enable universities and corporations to nurture a future-ready workforce. The initiative provides access to industry-leading, ready-to-deploy programs that integrate curriculum from Finance and Fintech with data and AI technologies.

Key Partnership Initiatives

The collaboration will deliver comprehensive educational solutions through multiple channels:

• Launch professional credential programs in AI, digital finance, fintech, analytics, cybersecurity, ethics and governance
• Enable universities and corporates to integrate these programs and modules into their academic curricula and learning and development initiatives
• Offer specialized BFSI programs focused on AI-driven transformation and innovation

Leadership Perspectives

Srimathi Shivashankar, CVP Global Head-Education Business Unit at HCLTech, emphasized the partnership's focus on shaping talent for a digital-first financial world. The collaboration combines HCLTech's technology expertise with NSE Academy's deep domain knowledge to create pathways for students and professionals to gain job-ready skills.

Abhilash Misra, Managing Director CEO of NSE Academy Ltd., highlighted the partnership's role in advancing finance and technology education in India. The initiative aims to create pathways for learners to build relevant, in-demand skills that connect financial knowledge with digital innovation.

About the Organizations

HCLTech delivers industry-leading capabilities centered around AI, digital, engineering, cloud and software solutions. The company works with clients across major verticals including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services.

NSE Academy Limited enables the next generation of BFSI and FinTech professionals with industry-aligned skills through capacity building programs and certification courses. The organization works closely with reputed universities and institutions across India in building a competent workforce for the future of BFSI and FinTech while promoting financial literacy as an essential life skill.