HCL Technologies wins multi-year deal from Lendico

HCL Technologies NSE 1.18 % has won a multi-year deal from Lendico, a brand of ING Germany, to help create a digital platform that makes business banking faster and more convenient for small- and medium-sized enterprises (SMEs).

HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management. Lendico will be the first to leverage the lab to bring innovative approaches for processes, such as credit decisioning, loans collections and KYC, HCL said in a statement. It did not disclose the deal value.