HCL Composable Digital Banking (Novus)

HCL Novus Bank’s modern architecture addresses four key aspects of “digital” and “next-gen” solutions for banks.

A customer experience layer, consisting of an omnichannel integration framework and other solutions that enable seamless multi-channel user experiences.

• Ease and speed of replication into new markets and products

• Speed of launching new products/services

• Ease of horizontal scaling

• Flexibility and seamlessness in adding or dropping business services

• Ability to integrate with partners to power diverse business models.

• Using open technologies and APIs to create lifestyle banking services thereby allowing banks to increase customer wallet share

• Differentiated customer journeys and in-app experiences, led by Design Thinking best practices

• Intuitive implementation of core banking functionalities making the system easy to use for end customers

• HCL Novus Bank oers a loosely-coupled and cloud-native architecture that can provide sandpits for experimentation and scenario analysis—facilitating innovation with low overheads.

• Allows for driving innovation within banks using an innovation lab model with Novus Bank at the core to explore the art of the possible

The unique features offered by Novus Bank along with the engineering and transformation experience of HCL provide banks of different sizes to pursue their digital and innovation agendas. This provides an innovative platform for banks to look into the future, experiment with relevant features, and then decide what features they would like to incorporate for their customers. This powerful value proposition allows banks to transform themselves into ecosystem providers offering end-to-end services their customers expect rather than being pure financial services providers.