HDFC Bank has partnered with Microsoft to help the bank scale its information management capabilities across enterprise reporting, and carry out advanced analytics using artificial intelligence. HDFC Bank will use Microsoft’s cloud computing platform Azure to consolidate and modernize its enterprise data landscape through a Federated Data Lake. The solution will enable the bank to democratize and monetize its data catering to several business units, spanning multiple systems, reports and processes.
In addition, HDFC Bank will also set up an App Innovation and Automation Factory. The App Factory will enable the Bank to migrate, modernize and transform its application portfolio. “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.
Meanwhile Sashi Sreedharan, Managing Director Microsoft India, said, “These products and services will adhere to strict security and compliance standards for customers by leveraging Microsoft Cloud Platform and technologies. The partnership will also advance the bank’s digital workplace transformation with Microsoft 365 and will significantly enhance customer and employee experience.”
Earlier in December, HDFC Bank had announced that it has opened 100 new branches across India, spread in83 towns of 15 states and union territories. The new branches were digitally launches by MD and CEO, Sashidhar Jagdishan. Underlining the development, Arvind