HCL is a leading IT services provider delivering Run the Business (RTB) and Change the Business (CTB) services bringing innovation around key business and technology imperatives. HCL provides core banking progressive modernization, Loans management, and CAMS application management services to solve challenges like Time to market, slow response to customers, inflexibility and lack of configurability.

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Banking Core Systems Transformation
Marc Barad, Global Head, VSI Banking & Payments Solutions

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 High customer expectations and desire for consistent user experience across all channels,
especially with gen-Y
 Very few enterprise-wide “rip and replace” banking transformation success stories thus
movement towards targeted investments in new technology introduction
 High availability and straight-through-processing (STP) desirable but not (natively)
supported by legacy systems
 More automation; use of systems that facilitate workflow, incorporate business rules and
improve operational efficiencies
 Need to find partners with COTS expertise and deep system integration capabilities to
manage and mitigate implementation risk
Our Market Understanding

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VSI Banking Solutions
Core Banking Progressive Modernization
SOLUTION HIGHLIGHTS:
 Multiple entry points to address the problem
 Better incorporation of digital channels into core
system.
 Latest technology (JAVA, SOA etc.).
 Industry standard DBMS results in easier access
to data.
 Flexible; product build tools; ability to offer
innovative products.
 Products can be priced based on customer
relationship & behaviour
 Inability to respond quickly to market demands: TIME TO MARKET || NEW PRODUCT INTRODUCTION
 Inability to innovate due to existing IT systems landscape: INFLEXIBILE & LACK OF CONFIGURABILITY
 High operational risk due to multiple product processing platforms: FRAGMENTED & COMPLEX
 Regulatory pressure to alter products composition and operating models
CLIENT CHALLENGES
CORE
PROCESSING
Customer Management
Product Factory
& Catalog
CASA/Deposits Fees & Billing
CHANNELS
Online Mobile Teller IVR ATMCall Center
ORIGINATION
Customer/Account
Account Opening

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VSI Banking SolutionS
Loans Management
LOAN SERVICING
Credit Approval
Invoicing
Retail/Consumer
Loans
Commercial
Loans
Collateral Management
Document
Management
LOAN ORIGINATION
Retail/Consumer
Loans
Commercial
Loans
SOLUTION HIGHLIGHTS:
 Single platform to support multiple markets,
subsidiaries, currencies, languages, brands and
products.
 Shorter time to market, multi- and cross-channel
approach, sales and post-sales efficiency
 Latest technology (JAVA, SOA etc.) & industry
standard DBMS
 Improved regulatory compliance
 Slow responses to customer needs
 Lack of workflow and business rules resulting in extensive hard-coding of business logic
 Multiple systems required to service multiple loan types; federated model resulting in high maintenance costs
 Lack of compliance to current regulatory requirements; difficult to maintain or incorporate latest regs.
CLIENT CHALLENGES

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VSI Banking Solutions
Hogan/CAMS Application Management Services
BENEFITS REALIZED:
 Lower on-going support cost in order to fund
Modernization initiatives
 Frees up client staff to perform higher value
strategic activities
 Provides flexible, on-demand service model
 Option to re-badge high value resources
 Offers pricing options for a ‘fit for purpose’
approach
SOLUTION HIGHLIGHTS:
 Onsite / Offshore Support Model
 BAU Management/ Development
 Service Improvements
 Shared Resourcing
 Custom Enhancements
 Installing Patches and Enhancements
 Option to re-badge high value resources
 Utilization of Proven Frameworks and Tools
 Aging workforce – Less average time to retire
 Capacity constraints – Unfulfilled demand for niche skill-set
 Complexity of change due to point to point integration
 People centric – Lack of documented processes & knowledge
CLIENT CHALLENGES

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VSI Banking Solutions
Differentiators Investments, Partnerships etc
 Target Operating Model for Banking
 Hogan Centers of Excellence
 Test cases and functional requirements repository
 Tools and methods aligned to industry best practices
DIFFERENTIATORS

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http://www.hcltech.com/financial-services/retail-amp-corporate-banking-0
To Know more, Contact Marc Barad at marc.b@hcl.com

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