According to reports from CNBC TV18, Infosys Ltd. announced the successful deployment of its Finacle Wealth Management Solution at HDFC Bank Ltd. on Tuesday, August 4. The deployment, through Infosys Finacle, a part of EdgeVerve Systems, has enabled HDFC Bank to replace legacy systems that relied heavily on manual processes with a modern, API-driven platform integrating its domestic and offshore wealth management operations. While Infosys has not disclosed the financial value of the implementation, the deployment highlights the company's continued focus on digital banking technology and reinforces the adoption of the Finacle platform among leading financial institutions. The implementation brings the bank's domestic and offshore wealth operations onto a single platform, enabling automated workflows, broader investment product coverage, real-time portfolio management, and reduced reliance on manual processes.
As reported by CNBC TV18, the new platform is designed to support faster innovation, broader product coverage and scalable delivery of personalised wealth management services, while improving client experience, relationship manager productivity and operational efficiency. The solution provides a unified platform covering 12 asset classes, including mutual funds, fixed income securities, private equity, alternate investment funds, structured products, insurance and held-away assets, along with advanced tools for investment planning, risk management, and personalized wealth advisory services. The platform introduces digitised margin lending capabilities with automated collateral checks and risk controls, alongside real-time portfolio monitoring and advisory tools for relationship managers. Key highlights include enhanced client engagement through tailored advice and a comprehensive relationship manager workbench, along with seamless integration with the banking ecosystem, enabling real-time deal settlements and high-volume transaction processing.
According to CNBC TV18, the platform also digitises margin lending through real-time collateral checks, automated workflows and enhanced risk controls for faster approvals and more accurate valuations. It enables multi-currency portfolio management, real-time deal settlements, high-volume transaction processing and automated corporate actions. The solution is powered by more than 350 application programming interfaces (APIs), enabling faster transaction processing, automated compliance, seamless system integration, and quicker product launches to improve agility and reduce costs. More than 350 APIs have been integrated into the platform, enabling seamless connectivity across banking systems, real-time settlements, automated corporate actions and faster rollout of new investment products. The scale of integration is evident in the technical specifications, with the platform offering substantial agility compared to traditional monolithic banking systems, indicating significant reduction in operational silos.
As reported by CNBC TV18, Rakesh K. Singh, Group Head – Private Banking at HDFC Bank, stated that the unified digital platform will help the bank scale its wealth management business while delivering a better client experience. Rakesh K. Singh, Group Head – Private Banking, International Banking, Financial Institutions and Banking-as-a-Service at HDFC Bank, said the transformation was aimed at creating a unified digital-first wealth platform capable of supporting both domestic and international businesses while improving operational efficiency. "Our vision was to modernize wealth management with a unified, digital-first platform that delivers agility, efficiency, and innovation," Singh said. "This transformation positions us to adapt swiftly to regulatory changes, scale profitably and deliver differentiated value to clients." Sajit Vijayakumar, CEO of Infosys Finacle, emphasized that the collaboration reflects the growing adoption of digital wealth management solutions across the banking industry and aims to consolidate domestic and international wealth operations onto an advanced platform for improving client engagement and supporting rapid growth. Vijayakumar noted that wealth management in India is experiencing significant transformation, as leading institutions adopt digital solutions to create, deliver, and realize greater value.
According to CNBC TV18, the move comes as Indian banks and wealth managers accelerate investments in digital platforms to cater to a rapidly expanding affluent customer base, where personalised advisory, faster execution and integrated investment products are becoming key differentiators. Wealth management has emerged as one of the fastest-growing segments for technology investments as banks seek to capture a larger share of affluent customers' financial assets through integrated digital experiences. Banks including ICICI Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank have also been expanding digital wealth capabilities, introducing AI-powered advisory tools, unified investment platforms and personalised portfolio services as competition intensifies in India's fast-growing wealth management market. For Infosys Finacle, the deployment adds another marquee customer to its global banking portfolio, with the EdgeVerve-owned platform used by financial institutions in more than 100 countries across core banking, payments, lending, treasury and wealth management. As reported by CNBC TV18, Infosys Finacle CEO Sajit Vijayakumar noted that India's wealth management industry is undergoing rapid digital transformation as financial institutions look to improve client engagement and operational agility, with the implementation reflecting a broader trend across India's banking sector where institutions are replacing fragmented legacy systems with cloud-ready, API-first platforms that support artificial intelligence, automation and data-driven advisory services.
