HCL and Mysis bank on Australian financial institutions

According to Premkumar, financial institutions choose global service providers like HCL because financial institutions have multiple businesses within an institution.

“We have been servicing Australian financial institutions for the past eight years – almost as long as HCL has had a presence in Australia. Some of our clients like the eight out of ten banks, want a provider with the ability to provide synergy across all their numerous local and global divisions. Being able to bring global knowledge and being a one stop shop are key differentiators in this market. Multiple solution providers can’t provide the same synergy as just a 'one-stop shop'”, he said.

Dermot Briody director at Misys Banking Systems Asia and vendor partner with HCL agreed that banks want flexible global servicing to development and improvement to their IT infrastructure.

“We signed a global strategic partnership with HCL back in October 2007. Financial institutions, like banks, want a multi-bank architecture where customers can access multiple banks and their consolidated transactions,” he said.

InvesTECH focuses on the financial services market and the event has been held at locations around the world including Stockholm, Amsterdam, London, Krakow, Germany, Johannesburg, Mumbia, Beijing, Hong Kong, Japan, Malaysia, Singapore and Sydney. In Future, the event will be held in Stockholm, Amsterdam, Johannesberg, Mumbai, Shanghai and Hong Kong.

It is only open to HCL customers and prospectives working in the financial services space. InvesTECH is designed to offer customer, partner and industry insights and acts as an open forum for discussion between customers and providers.