HCLTech, a global leader in technology solutions, has announced a significant expansion of its strategic relationship with Deutsche Apotheker- und Ärztebank eG (apoBank), the largest cooperative primary bank in Germany.
This development marks a deeper collaboration between the two entities, enabling apoBank to provide faster and more secure banking services through a robust, scalable, and compliant digital foundation.
apoBank’s Chief Operating Officer and Member of the Executive Board, Thomas Runge, expressed enthusiasm about this development.
Thomas Runge, COO and Member of Executive Board, apoBank, said, “At apoBank, we welcome the expansion of our partnership with HCLTech. In addition to world-class capabilities in IT infrastructure and Cloud managed services, HCLTech has extensive Avaloq expertise and deep understanding of apoBank. This makes HCLTech the ideal partner for apoBank. In this respect, it was a logical step to consolidate the IT services with HCLTech.”
Further enhancing this partnership, Sudip Lahiri, Executive Vice President and Head of Financial Services, Europe, at HCLTech, highlighted the evolution of their collaboration.
Lahiri said, “apoBank became a HCLTech client in 2021 through a partnership in application services. The new contract will result in a significant expansion in the relationship. We look forward to working with apoBank to help them serve their customers by leveraging our comprehensive portfolio of managed infrastructure and cloud services and our longstanding experience with Avaloq.”
HCLTech’s strategic alliance with Avaloq, a leading banking technology and services provider, further cements its expertise in core banking systems. This expertise was augmented in 2022 when HCLTech acquired the Swiss firm Confinale, specialists in digital banking and wealth management consulting and an Avaloq implementation partner.
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