HCL Technologies to buy Confinale

The UK arm of HCL Technologies has announced it is acquiring Swiss digital banking and wealth management consulting business Confinale.

The tech company said the move is part of plans to expand its footprint in the global wealth management market.

Confinale, which was established in 2012, focuses on IT consulting in key specialist areas in the banking and wealth management sector. According to HCL, Confinale has one of the largest independent pools of Avaloq-certified specialists in Europe.

“There is significant disruption taking place in global wealth management and this means an opportunity for technology-led innovation,” said Rahul Singh, president of financial services and digital process operations, HCL Technologies. “This acquisition significantly strengthens HCL’s digital wealth and asset management capabilities and expands our presence in the heart of the global investment banking sector.

“We welcome the team from Confinale and look forward to continuing to drive digital banking innovation alongside Avaloq.”

    Share Story:

Recent Stories


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.