HDFC Bank Deploys Finacle Across 12 Asset Classes for Wealth Overhaul
Updated
Updated · Moneycontrol · Aug 4
HDFC Bank Deploys Finacle Across 12 Asset Classes for Wealth Overhaul
3 articles · Updated · Moneycontrol · Aug 4
Summary
HDFC Bank said it has rolled out Infosys Finacle’s wealth management platform, replacing legacy systems to unify its domestic and offshore wealth operations.
The new setup is API-driven and automates processes that were previously manual, linking multiple systems into a single digital platform for faster, more efficient operations.
The platform covers 12 asset classes and adds tools for risk and goal planning, digitized margin lending, multi-currency portfolios and a relationship-manager workbench.
More than 350 APIs connect the system to the bank’s broader ecosystem, enabling real-time deal settlements, high-volume transaction processing and automated corporate actions.
HDFC Bank said the overhaul should help it respond faster to regulatory changes, scale wealth operations profitably and support growth in India’s evolving wealth-management market.