Strategic Acquisition Addresses Growing Demand for Next-Generation Wealth Advisory Platforms
The wealth management industry faces mounting pressure to modernize legacy systems while meeting evolving client expectations for digital-first experiences. Traditional core banking platforms struggle to support the personalized, real-time advisory services that today’s high-net-worth clients demand. This technology gap has created significant friction in an industry where client retention hinges on seamless digital interactions and sophisticated portfolio management capabilities.
HCLTech’s strategic acquisition of Singapore-based Finergic Solutions Pte Ltd represents a calculated response to this industry transformation challenge. The global technology company signed a definitive agreement to acquire the boutique wealth consulting firm, with the transaction expected to close by April 30, 2026. This move positions HCLTech to deliver comprehensive wealth management transformation services that blend consulting expertise with platform implementation capabilities.
Bridging the Wealth Management Technology Gap
Founded in 2019, Finergic has established a focused niche in core banking and wealth management transformation. The firm’s specialized approach combines transformation strategy, consulting, and wealth-architecture capabilities—areas where traditional technology service providers often lack depth. Finergic’s well-established global presence, despite its boutique size, signals the quality of client relationships and project outcomes the firm has cultivated.
HCLTech brings 25 years of experience serving leading financial institutions to this partnership. The company already supports more than 40 global banks with Temenos products, providing a substantial client foundation for cross-selling Finergic’s specialized services. This existing footprint creates immediate opportunities for revenue synergies and accelerated market penetration.
AI-Native Workflows Transform Client Engagement Models
The acquisition’s strategic value extends beyond simple capability addition. HCLTech plans to integrate Finergic’s expertise to accelerate delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows. These AI-powered systems represent a fundamental shift from rule-based automation to intelligent, adaptive platforms that can personalize client experiences at scale.
“With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management,” said Srinivasan Seshadri, Chief Growth Officer and Global Head – Financial Services at HCLTech. “This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies—empowering our clients to realize greater business outcomes across the financial services landscape.”
Industry Impact and Market Positioning
The acquisition reflects broader consolidation trends in financial services technology consulting, where scale and specialization increasingly coexist as competitive requirements. Wealth management firms seeking transformation partners now demand both deep domain knowledge and the delivery capacity to execute complex, multi-year programs across global operations.
Finergic’s co-founders—Ganesh Swaminathan, Saravanan Kandaswamy, and Senthil Kumar Sekar—emphasized the alignment of vision and complementary strengths. “Over the past several years, Finergic has built a strong reputation in delivering core banking and wealth management transformation programs,” they noted. “Our shared vision for the transformation of the financial services industry positions us to deliver even greater value to enterprises and create new opportunities for our people.”
The combination creates a formidable competitor in the wealth management transformation market, offering end-to-end capabilities from strategy through implementation. For financial institutions navigating digital transformation, this acquisition signals the emergence of a partner capable of addressing both strategic and tactical dimensions of platform modernization initiatives.
