Monday, December 22, 2025
HCLTech, a globally recognized technology services company, has announced that it has entered into a strategic partnership with ASN Bank, formerly known as de Volksbank and currently the fourth-largest retail bank in the Netherlands. This multi-year agreement marks a significant step in ASN Bank’s journey to modernize its technology landscape while delivering a more seamless and efficient customer experience.
The collaboration aligns closely with ASN Bank’s newly introduced business strategy, “Simplify and Grow,” which focuses on building a streamlined, future-ready organization. As part of this initiative, ASN Bank plans to modernize and standardize its IT architecture by consolidating services, simplifying its vendor ecosystem, and reducing operational complexity across the enterprise. By doing so, the bank aims to create a stronger foundation for sustainable growth and innovation.
Under the terms of the agreement, HCLTech will provide end-to-end support for ASN Bank’s enterprise applications while helping to optimize and streamline services using a distributed delivery model. This approach is designed to enhance operational efficiency, improve system reliability, and ultimately elevate the experience for customers across digital and physical banking channels.
Moreover, the partnership will enable ASN Bank to reduce fragmentation across its IT systems by aligning applications, processes, and infrastructure under a unified framework. As a result, teams will gain greater visibility and control, allowing them to respond more quickly to changing customer expectations and regulatory demands in an increasingly competitive banking environment.
A key component of the transformation involves simplifying the bank’s product portfolio and aligning underlying systems to support standardized operations. By reducing the number of legacy products and automating core processes, ASN Bank expects to operate with greater agility while maintaining high levels of service quality and compliance.
Commenting on the agreement, ASN Bank highlighted the importance of working with a partner that understands the complexities of the financial services sector.
“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. Standardising and further automating our systems will enable us to organise our business operations more efficiently and effectively.”
The partnership also represents a strategic expansion for HCLTech within the European banking market, particularly in the Netherlands. By bringing its engineering-led approach and deep financial services expertise, HCLTech aims to deliver measurable outcomes that support ASN Bank’s long-term vision.
From HCLTech’s perspective, the collaboration underscores its commitment to helping financial institutions modernize at scale while creating digital-first operating models.
“By aligning our engineering mindset and scalable, domain-led solutions with ASN Bank’s strategic goals, we are set to deliver tangible impact and long-term value, 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.”
Overall, the agreement between ASN Bank and HCLTech demonstrates how strategic technology partnerships can drive meaningful transformation in the banking industry. By focusing on simplification, standardization, and automation, ASN Bank is positioning itself to meet evolving customer needs while strengthening operational resilience. At the same time, HCLTech continues to reinforce its role as a trusted digital transformation partner for leading financial institutions across Europe.
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