-11.00 (-1.18%) HDFC Bank has entered into a long-term partnership with London Stock Exchange group's Refinitiv for digital transformation, new customer acquisition and reduce costs. Refinitiv is one of the world's largest providers of financial markets data and infrastructure. The long-term strategic agreement with HDFC Bank will support digital transformation and innovation programmes across the whole business in India.
Under the multi-year agreement, comprehensive access to Refinitiv's data and products will enable HDFC Bank to realise new customer opportunities and fast-track its innovation agenda while reducing total cost, said the release. It will foster innovation and boost cost savings across multiple bank divisions such as wealth management, capital markets and global markets, risk, compliance, and customer onboarding.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.