HCL Tech has signed a multi-year agreement with ASN Bank to support its digital transformation. The partnership focuses on IT simplification, modernised systems, operational efficiency, and improved customer experience, aligning with the bank’s strategy to build stable and future-ready technology operations.
Source: NSE | Published on Dec 17, 2025
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According to NSE, on December 17, 2025, HCL Tech announced a new multi-year agreement with ASN Bank on December 17, 2025. The partnership focuses on digital work, system upgrades, and customer experience improvements. The announcement was filed with the Indian stock exchanges.
ASN Bank plans to simplify its IT setup. The bank wants to reduce the number of vendors it works with. It aims to build stable and efficient operations. HCL Tech will support these goals. The company will manage key applications and set up a distributed delivery model. This model is expected to improve service quality and reduce complexity.
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ASN Bank was earlier known as de Volksbank. It serves about three million customers. It is the fourth-largest retail bank in the Netherlands. The bank offers payments, savings, and mortgage services. It focuses on financial well-being and sustainable banking. It combines mobile banking with branch support.
Michel Ruijterman, the bank’s Chief Information Officer, said the agreement will help the bank simplify products and align systems with its plan. Sudip Lahiri, Executive Vice President at HCL Tech, said the partnership supports the bank’s goals and strengthens the company’s presence in the region.
HCL Tech is a global technology firm. It has more than 226,600 employees in 60 countries. Its services include digital, cloud, engineering, and software solutions. For the 12 months ending September 2025, the company reported revenue of 14.2 billion dollars.
As of 18 December, 2025, at 2:06 AM IST, HCL Tech was trading at ₹1,660.00 on the NSE, up by 5.00 (0.30%).
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