Legacy System at Hdfc

Legacy System at HDFC Bank before Flexcube:

On the corporate side HDFC Bank started with Micro Banker and then moved to Flexcube in 2002.

Micro Banker:

• Microbanker is a fully integrated, on-line banking automation system developed and owned by the former Citicorp Information Technology Industries Limited (CITIL) now named OFSS.

• Corporate banking software solution (PC-based open system ) aimed at the automation of small and medium financial institutions.

• Modular and therefore extremely cost-effective, allowing for the addition of specialized modules as the client's demands on the system grow or change over time.

Upgradation from Microbanker to Flexcube:

Microbanker, the corporate-banking software, was joined by Finware, an in-house developed software for retail banking and other products for money market, foreign exchange, and leasing. Then in the mid-1990s, CITIL became convinced that universal banking would become the next wave in the coming two decades. That meant one thing: it should be providing a universal-banking solution, rather than the segmented departmental products it was then selling.

Flexcube, an end-to-end software product for corporate banking, retail banking, consumer banking, investment banking, internet banking, asset management, and investor servicing, was a hit.

Most MicroBanker customers have chosen FLEXCUBE over any competing solution as part of a natural progression when they have chosen to upgrade from Microbanker.

Current Systems at HDFC Bank:

1. OFSS Flexcube for Corporate Banking

2. OFSS Finware for Retail Banking

3. Polaris Enterprise Business Rule Engine for its Retail Asset Lending Business comprising auto and personal loans.

Polaris's Intellect Business Rule Engine is a powerful credit decision engine that enables

Polaris's customers to profile and segment customers for loan products and aids crossselling and up-selling of related asset products. Intellect Business Rule Engine is the

credit decision backbone that powers Global Universal Banking (GUB) - Intellect 10.0,

the most comprehensive banking platform built using the next-generation