HDFC Bank partnered with Microsoft for the next phase of its digital transformation journey and unlocked business value by transforming the application portfolio, modernising 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 and also partnering with several companies including FinTechs’ to co-create technology IPs.
Key highlights:
i.The bank will leverage Microsoft Azure to consolidate and modernise its enterprise data landscape through a Federated Data Lake for scaling up its information management capabilities across enterprise reporting, and advanced analytics using Artificial Intelligence (AI).
- In addition, the Bank will leverage Microsoft Power Platform’s industry-leading low code, no code capabilities to set up an App Innovation and Automation Factory, which will enable the Bank to migrate, modernise and transform its application portfolio.
ii.The IP is built on Microsoft Azure stack, the solution that enables banks to democratise and monetize its data landscape which caters to several business units, spanning multiple systems, reports and processes.
iii.The solution has been powered by unified architecture, collaborative engineering environment, industry-leading security and ecosystem of AI/Machine Learning (ML) based deep learning capabilities.
iv.Lastly, the bank will leverage Microsoft 365, to adopt a modern, integrated and secure Digital Workplace covering three critical areas of transformation including employee collaboration, app modernization and secure remote work.
Yes Bank Partners with Microsoft to Transform Mobile Banking Experience
On 3rd January 2023 Yes Bank partnered with Microsoft to introduce the next generation mobile application (app) for providing personalised banking experience to its customers.
Key highlights:
i.Yes Bank will leverage Microsoft’s Azure platform to create the app which will offer a host of services to customers in addition to traditional banking functions such as online payments, shopping, rewards, offers and customised dashboards.
ii.This will cater to various financial needs of customers across loans, payments, deposits, investments and cards.
iii.The app will run on Microsoft’s enterprise-grade cloud platform, and will support YES Bank in scaling up services by bringing merchants and ecosystem partners on to a common platform.
Recent related news:
Viasat partnered with Microsoft Inc, as a part of Microsoft’s Airband initiative to deliver satellite internet access to 10 million people across the world, with five million of them based in Africa by 2025.
About Microsoft India:
President – Anant Maheshwari
India Country Manager – Ashutosh Gupta
Establishment – 1990 (in India)
