Strategic Acquisition Strengthens HCLTech’s Wealth Management Transformation Ambitions
HCLTech, a globally recognized technology services and consulting company, has entered into a definitive agreement to acquire Finergic Solutions Pte Ltd, a Singapore-headquartered boutique consulting firm specializing in wealth management and core banking transformation. The transaction, which is subject to customary regulatory approvals and closing conditions, is expected to be completed by April 30, 2026. This acquisition represents a strategic milestone in HCLTech’s long-term growth roadmap within the financial services sector, reinforcing its commitment to delivering advanced digital transformation solutions tailored specifically for the evolving needs of wealth management institutions worldwide.
By bringing Finergic into its ecosystem, HCLTech aims to deepen its domain expertise, strengthen consulting-led engagements, and enhance its ability to deliver scalable, platform-enabled wealth solutions for banks, asset managers, and financial institutions navigating complex digital modernization journeys.
Finergic’s Role as a Specialized Wealth and Core Banking Transformation Partner
Founded in 2019, Finergic Solutions has rapidly established itself as a trusted advisor in the global financial services landscape, with a sharp focus on wealth management transformation and next-generation core banking initiatives. Headquartered in Singapore, a major hub for global wealth management and private banking, Finergic has built a strong international footprint by working with financial institutions across Asia-Pacific, Europe, the Middle East, and other key markets. The firm is known for its deep specialization in transformation strategy, business consulting, and wealth architecture, helping clients modernize legacy platforms, optimize operating models, and adopt digital-first frameworks that support scalable growth.
Finergic’s expertise spans end-to-end transformation programs, including platform selection, solution design, implementation oversight, and post-transformation optimization, positioning it as a high-value partner for institutions seeking to future-proof their wealth management capabilities.
Unlocking Synergies Through Scale, Expertise, and Complementary Capabilities
The combination of HCLTech’s global scale and delivery strength with Finergic’s niche consulting and domain expertise is expected to unlock powerful synergies across the wealth management and broader financial services ecosystem. HCLTech brings more than 25 years of experience serving leading banks, insurers, and financial institutions, supported by a vast global workforce, deep engineering capabilities, and a strong track record of executing large-scale digital transformation programs. Finergic’s focused capabilities in wealth consulting and transformation strategy will complement HCLTech’s existing service portfolio, enabling the combined organization to offer a more comprehensive, consultative, and outcome-driven value proposition.
This strategic alignment is designed to enhance service delivery, accelerate time-to-value for clients, and enable more seamless execution of complex transformation initiatives across geographies and business lines.
Accelerating Platform-Enabled and AI-Native Wealth Solutions
A key driver behind the acquisition is HCLTech’s ambition to accelerate the development and deployment of next-generation, platform-enabled wealth management solutions anchored by AI-native workflows. As wealth managers face increasing pressure to enhance client experiences, improve operational efficiency, and comply with evolving regulatory requirements, technology-led transformation has become a critical differentiator. By integrating Finergic’s expertise in wealth architecture and transformation strategy, HCLTech aims to deliver more intelligent, modular, and scalable solutions that leverage advanced analytics, automation, and artificial intelligence.
These AI-driven capabilities are expected to support personalized client engagement, real-time insights, improved portfolio management, and streamlined advisory workflows, helping financial institutions respond more effectively to changing market dynamics and client expectations.
Strengthening Capabilities Around Temenos and Core Banking Platforms
The acquisition also reinforces HCLTech’s strong capabilities in supporting Temenos and other leading core banking and wealth management platforms. HCLTech has extensive experience working with Temenos products, supporting more than 40 global banks across implementation, integration, modernization, and managed services engagements. Finergic’s specialized knowledge of core banking transformation and wealth platform architecture is expected to further enhance HCLTech’s ability to deliver complex platform-centric transformation programs. Together, the combined teams will be better positioned to help clients modernize legacy systems, migrate to cloud-based architectures, and optimize their use of best-in-class banking and wealth platforms to drive long-term business value.
Leadership Perspective on Strategic Growth and Client Value
Commenting on the transaction, Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, highlighted the strategic importance of the acquisition in strengthening the company’s digital services capabilities within the wealth management sector. He emphasized that Finergic’s focused domain expertise significantly enhances HCLTech’s ability to deliver advanced, differentiated solutions for financial services clients. According to Seshadri, the acquisition enables HCLTech to foster deeper innovation, unlock substantial synergies, and empower clients to achieve stronger business outcomes in an increasingly competitive and digitally driven financial services landscape.
His remarks underscore HCLTech’s intent to move beyond traditional technology services and position itself as a strategic transformation partner for wealth management institutions globally.
Finergic Founders Embrace a New Chapter of Growth and Opportunity
The co-founders of Finergic, Ganesh Swaminathan, Saravanan Kandaswamy, and Senthil Kumar Sekar, also expressed enthusiasm about joining HCLTech and embarking on a new phase of growth. They noted that over the past several years, Finergic has built a strong reputation for delivering high-impact core banking and wealth management transformation programs, supported by a highly experienced and skilled team. Becoming part of HCLTech’s global organization provides Finergic with access to greater scale, broader capabilities, and expanded market reach, enabling the firm to amplify its impact and deliver even greater value to clients.
The founders emphasized that the shared vision between Finergic and HCLTech for transforming the financial services industry, combined with their complementary strengths, creates meaningful opportunities for innovation, client success, and professional growth for employees.
Expanding Global Reach in a Rapidly Evolving Wealth Landscape
The acquisition comes at a time when the global wealth management industry is undergoing significant transformation, driven by digital disruption, demographic shifts, and rising client expectations for personalized and seamless financial experiences. Financial institutions are increasingly seeking partners that can combine deep domain expertise with scalable technology capabilities to support end-to-end transformation journeys. By integrating Finergic’s consulting-led approach with its own global delivery model, HCLTech aims to strengthen its position as a preferred partner for wealth managers across mature and emerging markets. The combined organization will be better equipped to address regional nuances, regulatory complexities, and diverse client needs, supporting institutions as they expand into new markets and adapt to changing industry dynamics.
Supporting Long-Term Innovation and Talent Development
Beyond immediate client and market benefits, the acquisition is also expected to support long-term innovation and talent development within HCLTech’s financial services practice. Finergic’s team of experienced consultants and domain specialists brings valuable intellectual capital and industry insight that can be leveraged across HCLTech’s broader portfolio. The integration of Finergic’s talent is expected to foster cross-pollination of ideas, accelerate the development of new service offerings, and strengthen HCLTech’s consulting and advisory capabilities. For employees, the transaction opens up new opportunities to work on complex, global transformation programs and contribute to the evolution of next-generation wealth management solutions at scale.
A Strategic Step Toward Future-Ready Financial Services
Overall, HCLTech’s acquisition of Finergic Solutions represents a strategic step toward building a more future-ready financial services practice that combines consulting excellence, platform expertise, and advanced digital capabilities. As wealth management institutions continue to navigate technological disruption, regulatory change, and shifting client expectations, the demand for integrated, AI-enabled, and scalable transformation solutions is expected to grow.
By bringing together HCLTech’s global reach and execution strength with Finergic’s specialized domain expertise, the company is positioning itself to play a leading role in shaping the next phase of digital transformation in the wealth management industry, delivering sustained value for clients, partners, and stakeholders over the long term.
