HCL Technologies has announced a strategic partnership with Western Union to expand its Global Capability Center in Hyderabad. This collaboration marks a significant development in the company's growth strategy and technological advancement initiatives.

Partnership Details

The partnership between HCL Technologies and Western Union focuses on growing the Global Capability Center located in Hyderabad. This expansion represents a strategic move to enhance operational capabilities and strengthen the company's presence in the financial technology sector.

Technology Focus Areas

The collaboration emphasizes two key technological areas that will drive the partnership forward. Advanced artificial intelligence capabilities form a central component of this initiative, positioning both companies to leverage cutting-edge technology solutions.

The partnership also focuses on developing a new platform operating model specifically designed for future payments systems. This approach demonstrates the companies' commitment to innovation in the rapidly evolving financial services landscape.

Strategic Implications

This partnership represents HCL Technologies' continued expansion in the financial technology sector through strategic collaborations. The focus on Hyderabad as a key location for this Global Capability Center underscores the city's importance as a technology hub for international operations.

The emphasis on advanced AI and platform operating models positions both companies to address emerging trends in the payments industry and develop solutions for future market requirements.

HCL Technologies has announced the acquisition of Singapore-based Finergic Solutions Pte Ltd for 19 million Singapore Dollars in an all-cash transaction. The definitive agreement was signed on January 23, 2026, with the deal expected to close by April 30, 2026. HCL Singapore Pte Ltd, a wholly owned subsidiary of HCLTech, will acquire 100% of Finergic's outstanding equity.

Strategic Acquisition Details

Finergic Solutions, founded in 2019, is a boutique wealth consulting firm specializing in core banking and wealth management transformation. The company has established a strong global presence with operations in Singapore, Luxembourg, Switzerland and India. The acquisition is designed to strengthen HCLTech's digital services capabilities in the wealth management sector.

Financial Performance and Background

Finergic reported revenue of 12.6 million Singapore Dollars for the year ended December 31, 2024, of which 5.1 million Singapore Dollars came from HCL Technologies Limited. The company demonstrated consistent growth over the past three years, with revenues increasing from 5.8 million Singapore Dollars in 2022 to 6.2 million Singapore Dollars in 2023, before reaching 12.6 million Singapore Dollars in 2024.

Strategic Benefits and Industry Impact

The acquisition aligns with HCLTech's strategic focus on strengthening its financial services expertise, particularly in core banking and wealth management. By integrating Finergic's specialized transformation strategy, consulting and wealth-architecture capabilities, HCLTech aims to accelerate the delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows.

Srinivasan Seshadri, Chief Growth Officer and Global Head - Financial Services at HCLTech, emphasized that the acquisition strategically positions the company to strengthen its digital services capabilities in wealth management. The transaction is expected to enable the delivery of advanced capabilities, foster innovation and unlock substantial synergies for clients across the financial services landscape.

Company Capabilities and Market Position

HCLTech brings over 25 years of global experience in serving leading financial institutions, supporting more than 40 global banks with Temenos products. The addition of Finergic's niche capabilities, combined with HCLTech's scale, is expected to enhance service delivery across the financial services and wealth management industry.

Finergic's co-founders - Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar - expressed enthusiasm about joining HCLTech's growth journey, highlighting their shared vision for the transformation of the financial services industry and complementary strengths that position them to deliver greater value to enterprises.

Regulatory and Operational Aspects

The acquisition does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the entity being acquired. The transaction requires no governmental or regulatory approvals, facilitating a streamlined completion process. The deal represents HCLTech's continued expansion in the IT services and consulting industry, specifically targeting the wealth management transformation segment.