Barclays expands strategic IT relationship with HCL Technologies to drive Global Infrastructure and Digital Workplace Services

Barclays expands strategic IT relationship with HCL Technologies to drive Global Infrastructure and Digital Workplace Services
06.12.2018 10:28 am

Barclays expands strategic IT relationship with HCL Technologies to drive Global Infrastructure and Digital Workplace Services

Infrastructure

HCL Technologies (HCL), a leading technology company has announced an expansion of its strategic relationship with Barclays. In addition to HCL being named as Barclays’ preferred partner for IT infrastructure services, the two companies will commit to building the partnership globally, with particular opportunities regarding digital workplace services.

HCL will leverage its significant investments in AI and automation, including its award-winning automation platform DryICE™, to transform the user experience for more than 80,000 Barclays employees across 26 countries. HCL will also be providing mainframe services to Barclays.

As part of the deal, it is intended that approximately 460 Barclays employees in its Operations Center in Lithuania will transfer to HCL, which promises to start a new era of technology centers in Lithuania. The agreement with HCL forms the basis of the Barclays’ decision to conclude its operations in Lithuania, with remaining employees being offered redundancy.

The contract between HCL and Barclays is yet to be executed pending banking regulatory notification; both companies hope to conclude the deal during the first quarter of 2019.

Rahul Singh, President of Financial Services at HCL Technologies, commented: “Our partnership with Barclays is a significant endorsement of HCL’s digital workplace and automation capabilities. We already employ more than 10,000 people in Europe, serving over 200 European clients. This new agreement will see HCL deliver transformational services to both Barclays and other major clients from Lithuania. Many well-known brands have already established their centers in Lithuania and we see good potential here due to the attractive investment climate and specialist talent. We will leverage these with our unique Mode 1-2-3 strategy to enable clients to reimagine their businesses for the digital age.”

Global decision to optimize operations

Mariano Andrade Gonzalez, the Head of BGOL, commented: “We were the first foreign company to establish its service center in Lithuania, leading to other large foreign companies basing themselves here. We are proud to have been a key part of the rise of the IT and service sector, including complex operations management.

“While aiming to achieve the highest quality of business and services, we continuously review our operations in accordance with the long-term global strategy of Barclays. As one of the steps towards the implementation of this strategy, a decision has been made to optimize operations, meaning a number of roles could transfer to HCL Technologies, with whom we have worked closely for a few years.

“We chose HCL Technologies because we know the company well, we trust it and, together with our people, it shares our values, culture and ways of working.”

Gonzalez praises Lithuania

M. Andrade Gonzalez also claims that even though today the role of Barclays in Lithuania is coming to an end, the company leaves its legacy.

“We are grateful to Lithuania for its hospitality, its talented specialists and a well-developed infrastructure, and we believe that we have done great things together, both in regard to business and in relation to the promotion of the country. We have always been, and will continue to be, ambassadors of Lithuania worldwide and will recommend Lithuania to our partners and foreign investors.”

Related News

NEOXAM RECEIVES FINANCE INNOVATION ACCREDITATION FOR AI PROJECT

NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, today announces it has received a “Finance Innovation... Read more »

Swanest launches Risk & Return Scanner for financial media

Swanest, a robo-adviser that... Read more »

Infosecurity Europe challenges CISO community to predict top trends and challenges for the industry in 2019

As 2018 draws to a close, Infosecurity Europe 2019, Europe’s number one information security event, which next... Read more »

NEW DTCC RISK SURVEY REVEALS GROWING CONCERNS OVER BREXIT’S SYSTEMIC IMPLICATIONS

The slower than expected negotiating progress between the United Kingdom and the European Union and the ongoing uncertainty of the outcome has positioned Brexit as a top... Read more »

Equiniti Riskfactor wins US client Eagle Business Credit

Equiniti Group plc, the FTSE-listed share services and fintech business, is delighted to announce that its risk management business, Equiniti Riskfactor, has... Read more »

Data breaches threaten customer trust in Open Banking

TLT’s Opportunity Knocks report... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App