Western Union Teams Up With HCLTech to Drive AI-Led Innovation

The Western Union Company WU has recently entered into a strategic partnership with HCLTech, making it the largest preferred partner. This collaboration is set to accelerate Western Union’s transition to an AI-powered platform operating model, enhancing scalability and customer experiences in the financial services sector.This move bodes well for Western Union as implementing HCLTech’s AI-driven solutions, FENIXAI and AI Force will streamline the former’s operations, making them more efficient, resilient and data-driven. By embracing automation and full-stack observability, WU aims to optimize its platform and channel transformation, ensuring a smooth and innovative experience for its customers.Western Union is also expanding its technology footprint in India. The establishment of an advanced technology center in Hyderabad will serve as a hub for innovation, attracting top-tier talent and fostering digital engineering excellence. This initiative will strengthen the company’s global technology capabilities, reinforcing its commitment to modernization and growth.This partnership aligns well with Western Union’s Evolve 2025 strategy, which emphasizes digital expansion, operational efficiency and platform enhancements to drive sustainable revenue growth. Leveraging AI and cloud solutions is crucial to maintaining the company’s competitive edge and improving customer engagement. This move will complement existing initiatives, such as the rollout of its next-generation digital platform in multiple countries.With this collaboration, Western Union and HCLTech are set to redefine the financial services industry, driving innovation and delivering unparalleled value to customers worldwide. Enhanced value proposition is expected to make WU’s solutions more attractive to customers, paving a path for top-line growth in the future.Shares of Western Union have lost 13.9% in the past six months against the industry’s 14.5% growth.The Western Union Company Price, Consensus and EPS Surprise The Western Union Company price-consensus-eps-surprise-chart | The Western Union Company QuoteZacks Rank & Key PicksWestern Union currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Business Services space are Remitly Global, Inc. RELY, PAR Technology Corporation PAR, and Huron Consulting Group Inc. HURN, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Remitly Global’s current-year earnings indicates a 110.5% improvement from the year-ago level. RELY beat earnings estimates in each of the trailing four quarters, with the average surprise being 58.8%. The consensus estimate for current-year revenues is pegged at $1.57 billion, implying 24% year-over-year growth.The consensus estimate for PAR Technology’s current-year earnings indicates a 115.1% year-over-year improvement. PAR beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 18.6%. The consensus estimate for current-year revenues implies a 16.9% year-over-year increase.Huron Consulting’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 21.54%. The Zacks Consensus Estimate for HURN’s 2025 earnings indicates an improvement of 10.5% from the 2024 figure. The consensus mark for revenues implies growth of 8.9% from the 2024 figure. The consensus mark for HURN’s earnings has moved 3.5% north in the past 30 days.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Western Union Company (WU): Free Stock Analysis Report PAR Technology Corporation (PAR): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report Remitly Global, Inc. (RELY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks