HDFC Bank of Sri Lanka to change its core banking operations

CHENNAI, INDIA: Intellect Design Arena Limited, has announced that HDFC Bank of Sri Lanka,  has chosen its Intellect’s Digital Core (Core Banking Solution) to transform its core banking operations in the region.

The solution, packaged with an integrated set of products from the Digital-ready Intellect suite of products, will drive Operational, Technological, Implementation and Support excellence at a very low Total Cost Ownership (TCO) for the Bank. This is Intellect’s fifth CBS deal in Sri Lanka and the second deal in the public sector.

Key benefits to HDFC Bank

Ability to launch new products Intellect Digital Core, based on technology suite, coupled with software design, can help banks become the principal bank of every customer.

With  operational efficiency the solution will provide all the ingredients and components to enhance operational growth including, user friendly graphical interfaces and standard UIs.

It will provide right information at the right time and enable straight through processing. With the best support, best practices and international standards in technology, the CBS is web-enabled; the enterprise-class platform is all JAVA. This ensures reduction in technology obsolescence.