Infosys Limited submitted a press release to stock exchanges (BSE Limited, National Stock Exchange of India Limited, New York Stock Exchange) regarding the deployment of its Finacle Wealth Management Solution by HDFC Bank.
The press release announces that Infosys Finacle, part of EdgeVerve Systems (a wholly-owned subsidiary of Infosys), and HDFC Bank have successfully deployed the Finacle Wealth Management Solution. This deployment represents a digital transformation initiative where HDFC Bank has replaced its legacy systems that relied heavily on manual processes with a modern, API-driven solution.
The key purpose of this implementation is to integrate multiple systems and streamline HDFC Bank's domestic and offshore wealth operations. The new solution enables accelerated innovation, broader product coverage, and scalable delivery of personalized services, aiming to ensure enhanced client experiences, relationship manager productivity, and operational effectiveness.
Key Solution Features:
- Unified platform covering 12 asset classes including mutual funds, fixed income securities, held-away assets, private equity, alternate funds, structured products, insurance, and advanced tools for risk and goal planning
- Digitized margin lending feature enabling real-time collateral checks, automated workflows, and smart risk controls for faster approvals and precise valuations
- Enhanced client engagement through tailored advice, multi-currency portfolios, and comprehensive relationship manager workbench for managing customer portfolios, transactions, and reporting
- Seamless integration with banking ecosystem offering real-time deal settlements, high-volume transaction processing, and automated corporate actions
- Over 350 APIs driving agility, cost savings, automated compliance, and faster product launches
- Enhanced operational efficiency through automated NAV updates, streamlined systematic plans, seamless withdrawals, and accurate reconciliations
Executive Commentary:
Rakesh K Singh, Group Head - Private Banking, International Banking, Financial Institutions and BaaS at HDFC Bank, stated that the deployment consolidates the bank's domestic and offshore businesses, automates key operations across margin lending, bonds, and mutual funds, and empowers relationship managers with real-time insights. The transformation aims to help the bank adapt swiftly to regulatory changes, scale profitably, and deliver differentiated value to clients.
Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle, noted that wealth management in India is experiencing significant transformation as institutions adopt digital solutions. The collaboration consolidates HDFC Bank's domestic and international wealth operations onto an advanced platform aimed at improving client engagement and supporting rapid growth.
The document includes standard safe harbor statements regarding forward-looking statements and references the company's SEC filings including the Annual Report on Form 20-F for the fiscal year ended March 31, 2026.
The press release will also be hosted on Infosys's website at www.infosys.com.