HDFC Bank has successfully deployed the Infosys Finacle Wealth Management Solution as part of its digital transformation strategy, replacing legacy systems with a modern, API-driven platform to streamline its domestic and offshore wealth management operations.
The new platform integrates multiple systems, enabling faster innovation, broader product offerings, and scalable delivery of personalised wealth management services. It also enhances client experience, improves relationship manager productivity, and boosts operational efficiency.
The solution offers a unified platform covering 12 asset classes, digitised margin lending with real-time collateral checks, advanced portfolio management, multi-currency capabilities, and seamless integration with the bank's ecosystem through more than 350 APIs. It also automates key processes such as NAV updates, systematic investment plans, withdrawals, reconciliations, and compliance.
Commenting on the development, Rakesh K. Singh, Group Head – Private Banking, International Banking, Financial Institutions and BaaS at HDFC Bank, said the transformation will help the bank deliver a digital-first wealth management experience, improve operational agility, and support long-term growth.
Sajit Vijayakumar, CEO of Infosys Finacle, said the collaboration will enable HDFC Bank to modernise its wealth management business, enhance client engagement, and strengthen its ability to scale in India's rapidly evolving wealth management market.