Western Union has partnered with HCLTech to enhance its financial services through an AI-driven platform operating model. The collaboration designates HCLTech as Western Union’s largest preferred partner, focusing on digital transformation, platform innovation, and operational efficiency.
As part of the agreement, Western Union will use HCLTech’s AI-powered solutions, FENIX 2.0 and AI Force, to transition to a platform-centric model, enhancing agility and scalability. The partnership also aims to accelerate Western Union’s platform and channel transformation by utilising HCLTech’s digital, cloud, and AI solutions to improve customer experiences and support data-driven decision-making.
Moreover, HCLTech will contribute its expertise in digital engineering to modernise Western Union’s technology landscape, implement full-stack observability, and boost operational efficiency through AI-assisted methods.
A key initiative under the partnership is the establishment of an advanced technology centre in Hyderabad, which will strengthen Western Union’s global technology capabilities and foster innovation.
Commenting on the partnership, Devin McGranahan, president and CEO of Western Union, stated, “HCLTec’s expertise will help us fulfil our mission to make world-class financial services accessible to people everywhere.”
Furthermore, Vijayakumar C, CEO and managing director of HCLTech, highlighted the company’s commitment to fintech transformation. “This strategic partnership emphasises our focus on empowering fintech companies through digital engineering-led transformation and creating exceptional value for their stakeholders.”
Meanwhile, HCLTech is accelerating its generative AI strategy, aiming to integrate AI services into 100 clients by FY26. During its Q3 FY25 earnings call, the company revealed that its AI Force platform has already been adopted by over 20 clients, with plans for significant expansion in the coming years
Source: https://analyticsindiamag.com/
