HDFC Bank Collaborates with Microsoft to Boost Digitalisation

India-based private sector bank HDFC Bank has announced a partnership with Microsoft to further its digital transformation journey by leveraging Microsoft Azure.

Following the collaboration, the bank is looking to unlock business value by having the application portfolio transformed, the data landscape modernised, and the enterprise secured with Microsoft Cloud. As per information provided in the press release, HDFC Bank is developing in-house IPs and partnering with several companies, including fintechs, to co-create technology IPs as part of its 'Future Ready' strategy.

Based on the announcement, the bank is set to leverage Microsoft Azure to have its enterprise data landscape consolidated and modernised through a Federated Data Lake to enable the scalability of its information management capabilities across enterprise reporting, as well as advanced analytics using artificial intelligence.

(Source: The Paypers)