cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

HDFC Bank collaborates with Microsoft to strengthen the digital transformation journey

Deepa Sharma by Deepa Sharma
January 3, 2023
Reading Time: 2 mins read
HDFC Bank collaborates with Microsoft

image credit: HDFC bank

Share on FacebookShare on Twitter

HDFC Bank collaborates with Microsoft in the next phase of its digital transformation journey to strengthen employee productivity and improve customer experience and security. 

HDFC bank will leverage Microsoft Azure to consolidate and advance its enterprise data landscape through a Federated Data Lake to scale its information management abilities across business reporting and cutting-edge analytics using AI.

Last month, HDFC Bank announced the opening of 100 new branches across India, totaling 6,762 retail branches across the country. 

“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,” said Ramesh Lakshminarayanan, Group Head – Information Technology, and CIO at HDFC Bank.

“At the heart of this is the ability to offer a neo-banking experience to our clients that is second to none. We are doing this by investing in proprietary IP as well through tie ups like these,” he added

HDFC Bank, as a part of its Future Ready strategy, is growing in-house IPs and partnering with several organizations, including FinTechs’ to co-create technology IPs.

ADVERTISEMENT

Built on the Microsoft Azure stack, the solution will enable the bank to democratize and monetize its data landscape, catering to several business units and spanning multiple systems, reports, and processes. The solution is powered by its unified architecture, collaborative engineering environment, industry-leading security and ecosystem of AI/ML based deep learning capabilities.

In addition, the HDFC bank will also leverage Microsoft Power Platform’s industry-leading low code, no code capabilities to set up an App Innovation and Automation Factory. The App Factory will enable the Bank to migrate, modernize and transform its application portfolio.

Regarding this deal, Sashi Sreedharan, Managing Director of Microsoft India, said, “We are delighted to be part of HDFC Bank’s digital transformation 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 technologies. 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 trendy, integrated and secure tech-enabled Workplace covering three critical areas of transformation, employee collaboration, app modernization and secure remote work. Further, HDFC Bank has embedded Microsoft Security solutions to enable secure hybrid work for its employees seamlessly.

Also Read: Why should Businesses think about taking advantage of NVMe? 

Deepa Sharma

Deepa Sharma

Senior Writer and Editor at CXO VOICE, She covers technology, cybersecurity, and financial and other tech news and updates. She can be reached at "deepa@cxovoice.com"

Related Posts

Infosys SGRE
Business

Infosys partners with Microsoft to boost adoption of generative AI

September 26, 2023
Image Credit: Pixabay
Business

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

September 23, 2023
NVIDIA Infosys
Business

Infosys collaborates with NVIDIA for generative AI solutions

September 20, 2023
banks
Finance

Banks Struggle to Achieve Priorities: Report

September 15, 2023
Google AI
Business

Google launches $20 mn fund to support responsible AI

September 12, 2023
Bengaluru IT
News

Bengaluru has potential to become world no 1 in IT, BT exports: K’taka CM

September 4, 2023
AI IBM
AI

AI will help companies grow faster: IBM CEO

August 25, 2023
VMware AI
Business

VMware announces AI integrations to Anywhere Workspace platform

August 24, 2023
Load More
ADVERTISEMENT

Expert Views

Credentials database theft, reused passwords dangerous entryway
Cyber Security

Can SASE be used as your initial defense against ransomware?

September 12, 2023
Smart Cities challenges and security
Cyber Security

Do our abilities match the ambitions of Smart Cities?

August 23, 2023
Why 5G Network Uptime is Essential for a Digitally Interconnected Society
Opinion

Why 5G Network Uptime is Essential for a Digitally Interconnected Society

July 18, 2023
Responding to cyberbullying with cyber confidence and resilience
Cyber Security

Responding to cyberbullying with cyber confidence and resilience

July 17, 2023
Five Ways All-Flash Data Centers Can Drive Sustainability Goals 
Opinion

Five Ways All-Flash Data Centers Can Drive Sustainability Goals 

July 7, 2023

Latest Updates

Jatin Dalal

Cognizant names Jatin Dalal as its next CFO

by News Desk
7 hours ago

Security and Risk Management

Global Security and Risk Management Spending to Reach $215 bn by 2024: Gartner

by News Desk
8 hours ago

AMD Alveo UL3524

AMD unveils fintech accelerator card for e-trading at nanosecond speed

by IANS
1 day ago

HMD Global

HMD Global Appoints Tanuj Patro as CFO for India & Asia Pacific

by News Desk
1 day ago

Kuehne+Nagel Capgemini

Kuehne+Nagel and Capgemini join hands to deliver an end-to-end supply chain capability

by News Desk
2 days ago

SAP Joule

SAP India announces new genAI assistant ‘Joule’

by IANS
2 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

NewgenOne
Leaders Talk

NewgenONE bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/