Imagine having all the tools you need to take your wealth management to the next level. That’s exactly what HCLTech is offering its clients with its latest move – acquiring Finergic Solutions Pte Ltd, a boutique wealth consulting firm based in Singapore.
HCLTech announced the definitive agreement to acquire Finergic, a company that has been advising financial institutions on transformation strategy, consulting, and wealth architecture since its founding in 2019. With an established global presence, Finergic brings a wealth of experience to the table, and its niche capabilities will complement HCLTech’s existing services perfectly.
This acquisition marks a significant milestone for HCLTech, with the company looking to strengthen its digital services capabilities in wealth management. Srinivasan Seshadri, Chief Growth Officer and Global Head – Financial Services, HCLTech, had this to say: ‘With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management. This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies—empowering our clients to realize greater business outcomes across the financial services landscape.’
The acquisition will also enable HCLTech to deliver next-generation, platform-enabled wealth management solutions using AI native workflows. The company has a long history of serving financial institutions, with over 25 years of experience in the industry. This acquisition will help accelerate the delivery of these solutions, making it even easier for clients to access the tools they need.
Finergic’s capabilities will also complement HCLTech’s existing work supporting clients on Temenos products. In fact, the company has already worked with more than 40 global banks on these projects. With this acquisition, HCLTech is poised to become a leader in the wealth management transformation consulting space.
But what does this mean for Finergic’s team? Ganesh Swaminathan, Saravanan Kandaswamy, and Senthil Kumar Sekar, the co-founders of Finergic, had this to say: ‘Over the past several years, Finergic has built a strong reputation in delivering core banking and wealth management transformation programs. Our end-to-end solution capabilities, supported by a highly experienced and skilled team, positions us uniquely within the industry. We are delighted to become a part of HCLTech’s amazing growth journey and mark an exciting new chapter for the team at Finergic.’
## Expanding Capabilities in Wealth Management
The acquisition of Finergic is a strategic move by HCLTech to expand its capabilities in wealth management. With Finergic’s niche expertise and HCLTech’s scale, the company is well-positioned to deliver advanced capabilities and foster innovation in the industry.
## Unlocking Synergies Across Financial Services
The acquisition will also enable HCLTech to unlock substantial synergies across financial services and wealth management programs. By combining Finergic’s capabilities with HCLTech’s existing services, the company will be able to deliver even greater value to its clients and create new opportunities for its people.
## A New Chapter for Finergic
For Finergic’s team, this acquisition marks a new chapter in the company’s growth journey. With HCLTech’s support, the team will be able to continue delivering high-quality services to its clients while also benefiting from the resources and expertise of a larger organization.
The acquisition is expected to be completed in the coming weeks, at which point Finergic will become a part of HCLTech’s global operations. With this move, HCLTech is poised to become a leader in the wealth management transformation consulting space, and its clients can expect to see even greater innovation and value in the years to come.
