Categories: Banking

HDFC Bank collaborates with Microsoft as part of its digital transformation

HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the next phase of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing 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 as well as partnering with several companies including FinTechs’ to co -create technology IPs. HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs’ to co -create technology IPs.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The bank will leverage Microsoft Azure to consolidate and modernize its enterprise data landscape through a Federated Data Lake to scale its information management capabilities across enterprise reporting, and advanced analytics using artificial intelligence. Built on Microsoft Azure stack, the solution will enable the bank to democratize and monetize its data landscape catering to several business units, spanning multiple systems, reports and processes. The solution powered by its unified architecture, collaborative engineering environment, industry-leading security and ecosystem of AI/ML based deep learning capabilities.

Important takeaways for all competitive exams: 

  • HDFC Bank CEO:Sashidhar Jagdishan;
  • HDFC Bank Founded: August 1994, Mumbai;
  • HDFC Bank Headquarters: Mumbai.

Find More News Related to Banking

 

 

Sumit Arora

Recent Posts

Uttarakhand Tourism Announced India’s First Astro Tourism Campaign Named ‘Nakshatra Sabha’

The Uttarakhand Tourism Development Board has teamed up with Starscapes, an astro-tourism company, to introduce…

2 days ago

UNESCO Guillermo Cano Prize 2024 Awarded to Palestine Journalists in Gaza

In a gesture of solidarity and recognition, Palestinian journalists covering the crisis in Gaza have…

2 days ago

Sanjaya Kumar Mishra to head GST Appellate Tribunal

Retired Justice Sanjaya Kumar Mishra has been appointed as the President of the Goods &…

2 days ago

RBI Approves Re-appointment of Atanu Chakraborty as HDFC Bank Part-Time Chairman

Atanu Chakraborty's re-appointment as part-time Chairman of HDFC Bank for three years, effective from May…

2 days ago

American Express Announces Inauguration of 1 Million Sq Ft Campus in Gurugram

American Express is set to inaugurate its expansive new campus in Gurugram, spanning nearly one…

2 days ago

World Press Freedom Index 2024 Announced, India Ranked 159th Out of 180 Countries

In the latest edition of the World Press Freedom Index published annually by Reporters Without…

2 days ago