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HDFC Bank signs pact with Refinitiv to expedite digital transformation

September 22, 2022

HDFC Bank signs pact with Refinitiv to expedite digital transformation
Refinitiv, an LSEG Business and leading provider of financial markets data and infrastructure, has entered into a long-term strategic agreement with HDFC Bank to support the latter’s 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.

This will enable innovation and cost savings across multiple bank divisions including wealth management, capital markets & global markets, risk, compliance, and customer onboarding.

Ashish Parthasarthy, Treasurer, HDFC Bank, said,  “Our agreement with Refinitiv is an exciting step to support our digitalisation and innovation journey in India. Refinitiv has been at the forefront of data and analytics and is one of the largest reservoirs of financial markets data. With this collaboration, we will get comprehensive access to Refinitiv’s content and capabilities across our whole business which will enable us to achieve further efficiency and growth.”

HDFC Bank will be able to empower its people and processes with Refinitiv’s enterprise data solutions to work smarter, faster, and under reduced operational risk with automated and reliable data across all business lines.

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