HCL Technologies signs deal with UK firm for payment service solutions - Angel Broking

HCL Tech has bagged a deal from UK-based government firm Student Loans Company (SLC) offer lending and payments services. HCL Great Britain, a subsidiary of HCL Technologies, will work with financial advisory services firm Deloitte and banking and management solutions provider Misys to provide an automated, secure and streamlined customer experience across multiple channels, including digital. The financial details of the deal were not disclosed. HCL Tech will work with Deloitte and Misys on core systems replacement programme. It will lead the programme as prime systems integration partner with support from Deloitte as an implementation partner and Misys providing the core banking software.

We maintain our Neutral rating on HCL Tech.

Source : Equity Bulls

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