Temenos, HCL sign pact to provide solutions for non-financial services cos

Temenos, HCL sign pact to provide solutions for non-financial services cos
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3 Jun, 2020

Noida based information technology (IT) services major HCL Technologies has signed a seven-year agreement with Temnos, an enterprise software provider for banks and financial services. 

Under the agreement, HCL has been granted a license to develop, market and support Geneva headquartered Temenos’ multi-experience development platform (MXDP) for non-financial services enterprises, according to a statement.

The platform provides hyper-personalised, artificial intelligence-driven experiences across web, native apps, wearables, conversational and immersive touchpoints.

Financial details of the contract were not revealed.

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“The agreement with HCL ensures non-financial services clients have the best possible service and support while allowing Temenos to focus on its core business of financial services,” Max Chuard, chief executive officer, Temenos said.

“We have said from the beginning that HCL Software will grow its technology in a strategic way and will invest in innovation,” Darren Oberst, CVP and Head of HCL Software, said in a statement.

HCL Software develops and markets products in areas such as DevSecOps, automation and digital solutions among others. 

The agreement does not include Temenos Infinity, the omnichannel digital banking product.

In a separate development, HCL recently announced its intent to acquire San Jose, California-based Cisco's self optimising network (SON) technology. The acquisition will help Noida-based HCL provide Cisco’s SON’s multi-vendor multi-technology and application support to its clients.