Infosys has successfully deployed its Finacle Wealth Management Solution for HDFC Bank, India’s leading private sector bank. This strategic move replaces HDFC Bank’s legacy systems with a modern, API-driven platform, aiming to integrate multiple systems and streamline domestic and offshore wealth operations. The deployment is expected to enhance client experiences, boost relationship manager productivity, and improve operational effectiveness for HDFC Bank.
Infosys and HDFC Bank Announce Wealth Management Transformation
Bengaluru, India & Mumbai, India – August 4, 2026: Infosys Finacle, a part of EdgeVerve Systems and a wholly-owned subsidiary of Infosys, alongside HDFC Bank, a prominent Indian private sector bank, have announced the successful deployment of the Finacle Wealth Management Solution. This initiative is a key component of HDFC Bank’s digital transformation strategy, replacing its older systems that relied on manual processes with a contemporary, API-driven solution.
Key Benefits of the Finacle Solution Deployment
The new solution is designed to integrate multiple systems, thereby streamlining both domestic and offshore wealth operations. Key highlights of the Finacle Wealth Management Solution include:
- A unified platform covering 12 asset classes, including mutual funds, fixed income securities, and alternate funds, along with advanced risk and goal planning tools.
- A digitized margin lending feature for real-time collateral checks, automated workflows, and faster approvals.
- Enhanced client engagement through tailored advice and a comprehensive relationship manager workbench.
- Seamless integration with the banking ecosystem, enabling real-time deal settlements and high-volume transaction processing, powered by over 350 APIs.
- Improved operational efficiency and customer service via automated NAV updates and streamlined processes.
Strategic Impact for HDFC Bank
Rakesh K Singh, Group Head – Private Banking at HDFC Bank, stated, “Our vision was to modernize wealth management with a unified, digital-first platform that delivers agility, efficiency, and innovation.” He added that the Finacle solution has enabled the consolidation of domestic and offshore businesses, automation of key operations, and empowered relationship managers with real-time insights. This transformation is expected to allow HDFC Bank to adapt swiftly to regulatory changes, scale profitably, and deliver differentiated value to clients.
Infosys’s Vision for Wealth Management
Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, commented, “Wealth management in India is experiencing significant transformation, as leading institutions adopt digital solutions to create, deliver, and realize greater value. We are pleased to collaborate with HDFC Bank on this important modernization initiative.” He emphasized Finacle’s dedication to assisting financial institutions globally in redefining wealth management through composable front-to-back-office capabilities.
About Infosys Finacle
Finacle is described as an industry leader in digital banking solutions, operating as a unit of EdgeVerve Systems, a subsidiary of Infosys. Its cloud-native solution suite and SaaS services are utilized by financial institutions in over 100 countries to improve banking services.
Source: BSE
