Best Financial Market Technology Implementation goes to HDFC Securities and TCS BaNCS
This bank’s creation of a scalable and fast-trading app using API, along with the adoption of microservices architecture, has significantly strengthened its trading capabilities and customer experience.
With up to 18 million daily transactions and less than 100 millisecond latency, the app has significantly improved trading efficiency.
This transformation has resulted in a remarkable 400% increase in customer engagement, a 40% rise in profit in FY 2021-22, and remarkable cost savings through online customer interactions and digital onboarding.
For innovation and excellence in digital transformation, the award for Best Financial Market Technology Implementationgoes to HDFC Securities and TCS BaNCS.