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


Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.

Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.