ASN Bank has entered into a multi-year IT services contract with HCL Technologies Ltd (HCLTech), according to a regulatory disclosure dated December 17, 2025.
The agreement is part of the Dutch lender’s plan to reorganise its technology systems and internal processes under a revised operating strategy.
The contract is tied to ASN Bank’s strategy titled Simplify and Grow. Under this approach, the bank plans to modernise and standardise its IT architecture.
This includes consolidating existing IT services, reducing the number of technology vendors, and aligning systems to support a more uniform structure across the organisation.
As part of the agreement, HCLTech will support ASN Bank’s enterprise applications and assist in streamlining IT services. The work will be carried out using a distributed delivery model.
The bank said the changes are intended to bring consistency across systems that support day-to-day banking operations. The duration of the contract is multi-year, though commercial terms were not disclosed.
ASN Bank said the standardisation and automation of systems would allow it to organise operations in a more structured manner.
The bank is also reviewing its product portfolio as part of this exercise, with plans to reduce the number of existing products and align processes with the updated IT framework.
ASN Bank’s core services include payments, savings and mortgage products. The lender combines mobile banking services with in-branch advisory support through a nationwide network.
It serves around 3 million customers and is the fourth-largest retail bank in the Netherlands by customer base.
HCLTech operates in more than 60 countries and provides technology services across sectors including financial services, manufacturing and healthcare. The company reported consolidated revenue of $14.2 billion for the 12 months ended September 2025, as per the exchange filing.
As of December 18, 2025, 10:33 am, HCL Technologies Ltd (HCLTECH) share price was trading at ₹1,659.00, a 0.24% increase from the previous closing price.
Read More: HCLTech Expands Digital Services Engagement with Aurobay Technologies!
The contract adds HCLTech to ASN Bank’s list of long-term technology partners as the bank proceeds with changes to its IT systems and internal operating structure under its current strategy.
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Published on: Dec 18, 2025, 11:27 AM IST
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