HDFC Bank Deploys 350-API Infosys Finacle Platform for 12 Asset Classes
Updated
Updated · Hubbis · Aug 10
HDFC Bank Deploys 350-API Infosys Finacle Platform for 12 Asset Classes
3 articles · Updated · Hubbis · Aug 10
Summary
HDFC Bank has rolled out Infosys Finacle’s wealth management platform across its domestic and offshore operations, replacing legacy systems that depended heavily on manual processes.
More than 350 APIs connect the new system to the bank’s wider technology stack, giving relationship managers a single interface for portfolios, transactions and reporting while automating settlement, reconciliations and other workflows.
The platform supports 12 asset classes—including mutual funds, fixed income, private equity, alternative funds, structured products and insurance—and adds digital margin lending with real-time collateral checks and risk controls.
HDFC says the overhaul has already consolidated its wealth businesses and should help it adapt faster to regulatory changes while expanding personalised, multi-currency advisory services.
With over 350 new API connections, does HDFC Bank's massive wealth platform upgrade secretly expose high-net-worth clients to unprecedented cyber risks?
As algorithms take over margin lending and risk checks, will this major tech upgrade eventually render human relationship managers obsolete?
Can a modular API upgrade truly fix decades of legacy banking issues, or is it just a digital band-aid on a broken core system?