HDFC Bank partners with Microsoft as part of its Digital Transformation Journey
- To leverage Microsoft Azure stack to consolidate and modernize its enterprise data landscape
- Enhance employee productivity and customer experience using Microsoft Power Platform
- Embed Microsoft Security solutions to enable secure hybrid work for employees
Chennai, January 3, 2023 : HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the ne xt phase of its digital transformation journey and unlocking business value by transforming the application portf olio, modernizing the data landscape and securing the enterprise with Microsoft Cloud.
HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several co mpanies including FinTechs’ to co -create technology IPs.
The bank will leverage Microsoft Azure to consolidate and modernize its enterprise data landscape through a Fe derated Data Lake to scale its information management capabilities across enterprise reporting, and advanced analytics using artificial intelligence.
Built on Microsoft Azure stack, the solution will enable the bank to democratize and monetize its data landscape catering to several business units, spanning multiple systems, reports and processes. The solution powered by it s unified architecture, collaborative engineering environment, industry-leading security and ecosystem of AI/M L based deep learning capabilities.
In addition, the Bank will also leverage Microsoft Power Platform’s industry-leading low code, no code capabiliti es to set up an App Innovation and Automation Factory. The App Factory will enable the Bank to migrate, mod ernize and transform its application portfolio.
“Our partnership with Microsoft is a part of our technology transformation agenda by investing in running the bank as well as building the bank of the future. At the heart of this is the ability to offer a neo banking experience to our custo m ers that is second to none. We are doing this by investing in proprietary IP as well through tie ups like these,” said Ramesh Lakshminarayanan, Group Head – Information Technology and Chief Information Officer, HDFC Bank.
Sashi Sreedharan, Managing Director Microsoft India said, “We are delighted to be part of HDFC Bank’s digital tran sformation journey and to partner with them to create best-in-class products and services. These products and services will adhere to strict security and compliance standards for customers by leveraging Microsoft Cloud Platform and tech nologies. The partnership will also advance the bank’s digital workplace transformation with Microsoft 365 and will significantly enhance customer and employee experience”.
HDFC Bank will also leverage Microsoft 365, to adopt a modern, integrated and secure Digital Workplace cov ering three critical areas of transformation – employee collaboration, app modernization and secure remote wo rk. Further, HDFC Bank has embedded Microsoft Security solutions to seamlessly enable secure hybrid work for its employees.
About HDFC Bank
For more information, please click here: www.hdfcbank.com
About Microsoft India
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. M icrosoft set up its India operations in 1990. Today, Microsoft entities in India have over 20,000 employees, engag ed in sales and marketing, research, development and customer services and support, across 11 Indian cities – Ah medabad, Bengaluru, Chennai, New Delhi, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, Noida, and Pune. Microsoft offers its global cloud services from local data centers to accelerate digital transformation across Ind ian startups, businesses, and government organizations.
