DXC Technology, a global enterprise technology and innovation partner, has unveiled a strategic partnership with Euronet Worldwide, Inc, a payments technology company, to enhance issuing, revolving credit, and payments capabilities for banks and fintechs across the globe.
This collaboration integrates DXC’s Hogan core banking platform with Euronet’s innovative Ren payments solution, promising faster product launches, streamlined operations, and expanded market reach amid intensifying competition in the sector.
The announcement comes at a time when financial institutions are grappling with the demands of digital transformation, real-time payments, and regulatory pressures.
As digital-first players and consumer platforms encroach on traditional banking territories, this positions both companies to empower clients with scalable, modern tools to stay competitive.
What You Need to Know
At the core of the partnership is the fusion of DXC’s Hogan platform, a trusted core banking system that manages over 300 million deposit accounts and more than $5 trillion in global deposits, with Euronet’s Ren platform.
Hogan, developed by DXC and enhanced through collaborations like that with Luxoft, offers real-time processing, seamless integration, and efficient handling of complex operations for more than 40 financial institutions worldwide.
Its architecture supports hybrid cloud environments, APIs, and microservices, enabling banks to modernise without disrupting legacy systems. Euronet’s Ren, on the other hand, is a cutting-edge, end-to-end payments platform designed for banks, fintechs, and governments.
Built on a microservices-based architecture, it ensures reliability, scalability, and rapid time-to-market for innovative card- and account-based payments. Ren processes mission-critical transactions, supporting credit, debit, and revolving credit programmes, while offering secure, compliant operations that run continuously.
Navigating the Evolving Financial Services Arena
The partnership arrives against a backdrop of profound shifts in the financial services industry. As competition intensifies, issuing and payments have emerged as pivotal growth engines for banks seeking to differentiate themselves and foster deeper customer relationships.
Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, emphasised the transformative potential.
“Issuing and payments have become core growth engines for financial institutions, but too often they remain fragmented and slow to deploy. By partnering with Euronet, we are combining proven issuing and payments capabilities with DXC’s financial services expertise to help clients launch new programs faster, scale with confidence and expand into new markets,” said Sandeep Bhanote, Global Head and General Manager of Financial Services, DXC.
“DXC has a long history of supporting the world’s leading financial institutions. Working together, we’re helping banks and payment providers modernize issuing and payment environments with greater speed, flexibility and confidence,” Oscar Munoz, VP of Sales, Americas, Euronet added.
These views underscore the partnership’s focus on agility and innovation, aligning with broader industry calls for adaptive ecosystems that leverage AI, data, and emerging technologies to anticipate customer needs.
Broader Implications for the Sector
Experts say this collaboration not only strengthens DXC’s position in serving diverse financial entities but also amplifies Euronet’s reach, particularly in regions like Latin America and the Caribbean, where it has bolstered visibility through alliances with Mastercard.
As financial systems modernise towards faster settlement, greater collateral mobility, and blockchain integration, such partnerships could set a precedent for how legacy systems evolve alongside cutting-edge solutions.
For banks and fintechs, the benefits include reduced time-to-market, operational efficiencies, and the ability to thrive in a digital-first world.
As the industry hurtles towards 2026’s horizon of perpetual KYC, agentic commerce, and regulated digital liquidity, initiatives like this may well define the winners in the race for financial innovation.
Talking Points
It is impressive that DXC Technology has forged this strategic partnership with Euronet Worldwide, seamlessly integrating the proven Hogan core banking platform with Euronet’s modern Ren payments solution to address longstanding fragmentation in issuing and payments infrastructure.
This single integration alone positions the collaboration as a highly practical advancement for financial institutions, enabling banks, fintechs, and other players to launch credit, debit, and revolving credit programmes far more quickly while simplifying critical back-office functions such as reconciliation, settlement, and customer onboarding.
At Techparley, we see how such pre-integrated solutions can accelerate digital modernisation across the global financial services sector, extending sophisticated capabilities beyond large incumbents to institutions of all sizes and helping them compete effectively in an increasingly digital-first landscape.
As the partnership scales beyond initial mutual clients, we see significant opportunity in exploring deeper collaborations with additional ecosystem players to accelerate onboarding, broaden geographic coverage, and incorporate emerging technologies such as real-time payments and enhanced data standards.
With the right strategic execution, this alliance has the potential to become a powerful catalyst for modernising payment infrastructures and unlocking sustainable growth for financial institutions worldwide.
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