HCLTech to acquire Singapore-based Finergic to strengthen wealth management digital capabilities

HCLTech has signed a definitive agreement to acquire Singapore-based Finergic Solutions Pte Ltd, as the Indian IT services major looks to deepen its digital transformation offerings for the global wealth management industry. 

The transaction is expected to close by April 30, 2026.

Founded in 2019, Finergic is a boutique consulting firm focused on core banking and wealth management transformation, with a growing global footprint. The acquisition is aimed at combining Finergic’s specialised domain expertise with HCLTech’s scale and long-standing presence in financial services to enhance service delivery across wealth and banking clients.

HCLTech brings over 25 years of experience serving global financial institutions and has worked with more than 40 banks worldwide on Temenos platforms.

By integrating Finergic’s consulting, transformation strategy and wealth architecture capabilities, HCLTech plans to accelerate the delivery of next-generation, platform-enabled wealth management solutions, supported by AI-native workflows.

“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 of Financial Services at HCLTech. He added that the acquisition would help drive innovation and deliver stronger business outcomes for financial services clients.

Finergic’s co-founders, Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar, said the firm’s integration into HCLTech marks a new phase of growth. “Our shared vision for transforming the financial services industry and our complementary strengths position us to deliver greater value to enterprises and create new opportunities for our people,” they said in a joint statement.

The acquisition underscores HCLTech’s continued focus on expanding its capabilities in high-growth segments of financial services, particularly wealth management and core banking transformation.