Mumbai (Maharashtra) [India], July 13: The 15th of June each year is a special day in our calendar. It was on that day in 2007, that the first production deployment of the extrieve WorkflowWaves platform was done at HDFC Bank.
Starting with a small implementation for Retail Liabilities, the WorkflowWaves platform, implemented under the internal name of IDEA, is a critical technology platform for several applications in the areas of Retail Liabilities, Depository, and Retail Assets of HDFC Bank.
In the last 15 years, HDFC Bank has grown at a pace unrivaled by any company in any industry in India. There are many reasons for this achievement, but technology and business process innovations are
important factors. As an important technology partner during this period, we have had to ensure the scalability, reliability, adaptability, and flexibility of the applications.
This partnership has resulted in many innovations. Of these, a platform for distribution of work to external BPOs and image-based underwriting and disbursal would rank among some important innovations in Indian banking.
It is a privilege to be a technology partner with one of the world’s leading banks and a great source of learning that finds its way into all the products and solutions that we offer.
About HDFC :
India’s largest private sector bank by assets and the world’s 10th largest bank by market capitalization as of April 2021. HDFC Bank has a banking network of 6,342 branches and 18,130 ATMs in 3,188 cities and towns.