HCL Technologies shares trade higher as firm signs a contract with Netherland-based ASN Bank

As part of ASN Bank’s new strategy, the lender aims to modernise and standardise its IT architecture, which will involve consolidating IT services, simplifying the vendor landscape and building a future-ready organisation. Under the multi-year agreement, HCLTech will support ASN Bank’s enterprise applications and streamline services through a distributed delivery model to enhance efficiency and customer experience.

“By signing this agreement, HCLTech’s proven track record in delivering scalable, innovative solutions tailored to the financial services sector means we can now confidently press on with streamlining our business by reducing the number of existing products and aligning the underlying processes and systems under our new strategy,” said Michel Ruijterman, Chief Information Officer of ASN Bank.

Ruijterman said that standardising and further automating systems would help the company organise its business operations more efficiently and effectively.

ASN Bank’s services focus mainly on payments, savings, and mortgages, with a strong emphasis on customer interests and social impact. The bank combines the convenience of secure mobile banking with the strength of personalised advice.

Sudip Lahiri, Executive Vice President and Head of Financial Services for Europe at HCLTech, said that by aligning the company’s engineering mindset and scalable, domain-led solutions with ASN Bank’s strategic goals, HCLTech aims to deliver tangible impact and long-term value while laying the foundation for future-ready operations.

“Collaborating with ASN Bank marks a major step forward for HCLTech as we grow our presence in the Dutch banking sector,” added Lahiri.

HCL Technologies share price

At 10 AM, HCL Technologies shares were trading at ₹1,659.20 apiece on NSE, gaining 0.25%.

In a month, shares of the firm have gained 3%, while they have slumped 13.4% since the beginning of 2025. The company has a market capitalisation of ₹4.48 lakh crore.

Shares of the company had touched their one-year high of ₹2,012.2 apiece on January 13, 2025, while their 52-week low of ₹1,302.7 was hit on April 7, 2025.