HDFC Bank to shift payments from core banking, ensure minimal downtime

This would pave way for minimal payments downtime

The country’s largest private lender HDFC Bank is planning to facilitate a shift in its payments module from the existing core banking platform. This would ensure minimal payments downtime, even if core banking is not available.

“This 15-month project will be followed by hollowing the customer-master modules from its existing core systems. It will ensure a single system of record for customers across various products,” said Sashidhar Jagdishan, managing director (MD) & chief executive officer (CEO), in the annual report for 2021-22.

The bank has partnered a new-age start-up to set up new core banking modules and the project will