Case Study: a leading European clearing house modernizes securities operations with HCLTech AI Force

a leading European clearing house cuts manual effort by 65% with HCL

A leading European clearing house faced challenges with its decades-old legacy securities systems, which were difficult to maintain and limited its ability to scale and innovate. The organization partnered with HCL, leveraging its HCLTech AI Force suite of solutions, to modernize these critical operations and overcome skepticism about using AI for such a transformation.

HCL implemented an AI-driven modernization strategy using smart discovery tools and automated code conversion. This solution successfully transformed millions of lines of legacy COBOL code into modern Java microservices, reducing manual effort by 65% and achieving 100% functional equivalence. The results included a 50%+ efficiency gain in testing, significant cost savings, and the creation of a future-ready, scalable platform for the client.