HCL has established the center with the objective of designing and developing customized software services for the banking, financial services and insurance (BFSI) segment. HCL plans to double its workforce at this newly inaugurated center over the next two years.

This center will be developing software with bi-lingual capabilities which is critical for facilitating banking in smaller towns and rural operations of private/nationalized banks and as well as cooperative banks.

HCL is a player in the BFSI System Integration space and it offers services like core banking services cheque truncation, cash management, treasury services, document management services, risk management systems, MIS & BI, data center design & branch roll out services.

Ajai Chowdhry, founder, chairman and CEO of HCL, said: This center will augment our range of software services that we offer to our customer. This Centre of Excellence for BFSI Software will also enable us to offer a comprehensive range of customized services that will further enhance our capability and reach in delivering system integration services in the BFSI space