HCLTech, a leading global technology company, has announced a strategic collaboration agreement with Amazon Web Services (AWS) to drive innovation and transformation in the financial services industry through AI-powered solutions and core modernization initiatives. The partnership aims to help financial institutions accelerate their digital journeys by leveraging cloud technology, artificial intelligence, and industry-specific expertise. Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, emphasized the growing importance of digital transformation in the sector. “Financial institutions are under increasing pressure to modernize legacy systems, deliver seamless customer experiences, and meet sustainability goals,” he said. “Many face challenges related to outdated infrastructure, fragmented data, and complex regulatory demands. Our collaboration with AWS provides proven, industry-compliant solutions and deep expertise tailored to the unique needs of banking, wealth management, and insurance—enabling a faster transition to autonomous, intelligent financial services.” Under the agreement, HCLTech will introduce a suite of pre-built, compliance-ready solutions designed to modernize contact centers, enhance digital engagement, and streamline core platforms across key financial services verticals. The company will also offer strategic consulting services to institutional clients, with new offerings in banking and wealth management set to be powered by AWS infrastructure, reinforcing its commitment to scalable, AI-driven transformation. Vikram Dewan, CIO at Jefferies, highlighted the tangible impact of the collaboration. “Working with HCLTech and AWS has significantly increased our agility and innovation capacity. It’s helping us modernize core financial systems and fully harness the power of cloud and AI to drive business outcomes.” Scott Mullins, Managing Director of Worldwide Financial Services at AWS, underscored the strengths of the partnership. “This collaboration brings together AWS’s extensive financial services domain knowledge, scalable cloud infrastructure, and security capabilities with HCLTech’s consultative approach and flexible delivery models. Together, we’re empowering financial institutions to innovate faster, improve customer experiences, and maintain the highest standards of compliance and security.” The initiative builds on the longstanding relationship between HCLTech and AWS, further solidifying their joint mission to help financial services organizations navigate digital transformation and unlock new value through intelligent, cloud-based solutions.