Banking Solutions : two major IT companies CSC and HCL forms joint venture to provide technology services, solutions to banks
The two big IT companies Computer Science Corporation (CSC) and Hindustan Computer Limited (HCL) have signed an agreement to form a new
The main aim is to provide technology services and solutions to the banking industry.
focus will be on platform modernisation, product functionality enhancement and
to capitalise their capabilities in addressing global core banking software
According to the agreement CSC serves in 15 countries
with 100 premier banking and financial services clients and will provide its core
banking expertise for software and product development. HCL will
provide funds, it's banking sales and client engagement expertise and also its
experience in product engineering and application implementation services in
order to modernise the banking industries.
The two entities have agreed to work in accordance to meet
the increasing demands for data analytics services, regulatory compliance and
multi-channel deployments from the banking industries.
CSC was founded in 1959 is an
American MNC having presence in 70 countries that provides information
technology (IT) services and professional services.
It has consistently maintained
its presence in Fortune 500 company list since 1995 and has bagged 185th rank
in 2014 list.
Hindustan Computer Limited incorporated in 1991.
It is an Indian global IT services company that provides
services across 31 countries in software consultation, as an independent
software vendor, remote infrastructure management, Life science and Health
care, logistics and many other service sectors.
It is among Forbes Asia's Fab 100 companies and is also
among the India's Top 20 largest publicly traded companies