HDFC Financial institution companions with Microsoft as a part of its Digital Transformation Journey
Guwahati: HDFC Financial institution, India’s largest personal sector financial institution, is partnering with Microsoft within the subsequent section of its digital transformationjourney and unlocking enterprise worth by remodeling the applying portfolio, modernizing the info panorama and securing the enterprise with Microsoft Cloud
HDFC Financial institution as part of its Future Prepared technique is growing in home IPs in addition to partnering with a number of corporations together with FinTechs’ to co -create know-how IPs, the financial institution stated in a press release on Tuesday.
The financial institution will leverage Microsoft Azure to consolidate and modernize its enterprise information panorama by a Federated Knowledge Lake to scale its info administration capabilities throughout enterprise reporting, and superior analytics utilizing synthetic intelligence.
Constructed on Microsoft Azure stack, the answer will allow the financial institution to democratize and monetize its information panorama catering to a number of enterprise models,spanning multiplesystems, stories and processes.
The answer powered by its unified structure, collaborative engineering surroundings, industry-leading safety andecosystem of AI/ML based mostly deep studying capabilities.
As well as, the Financial institution will even leverage Microsoft Energy Platform’s industry-leading low code, no code capabilities to arrange an App Innovation and Automation Manufacturing facility. The App Manufacturing facility will allow the Financial institution emigrate, modernize and remodel its utility portfolio.
“Our partnership with Microsoft is part of our know-how transformation agenda by investing in operating the financial institution in addition to constructing the financial institution of the long run. On the coronary heart of that is the power to supply a neo banking expertise to our prospects that’s second to none. We’re doing this by investing in proprietary IP as nicely by tie ups like these,” stated Ramesh Lakshminarayanan, Group Head – Data Expertise and Chief Data Officer, HDFC Financial institution.
Sashi Sreedharan, Managing Director Microsoft India stated, “We’re delighted to be a part of HDFC Financial institution’s digital transformation journey and to companion with them to create best-in-class services and products. These services and products will adhere to strict safety and compliance requirements for patrons by leveraging Microsoft Cloud Platform and applied sciences. The partnership will even advance the financial institution’s digital office transformation with Microsoft 365 and can considerably improve buyer and worker expertise”.
HDFC Financial institution will even leverage Microsoft 365, to undertake a contemporary, built-in and safe Digital Workplacecovering three crucial areas of transformation – worker collaboration, app modernization and secureremote work.
Additional, HDFC Financial institution has embedded Microsoft Safety options to seamlessly allow safe hybrid work for its staff.