Refinitiv and HDFC Bank enter multi-year data and tech deal

22 Sep 2022 , 10:31 AM

The Mumbai-based lender HDFC Bank struck a multi-year data and technology partnership with Refinitiv on Wednesday in an effort to expand its client base and reduce expenses. Refinitiv is a London Stock Exchange Group company.

According to the deal, HDFC Bank, the largest private sector lender in India, would have full access to Refinitiv’s data and products, allowing cost reductions across many bank divisions, the firms stated in a joint statement.

The agreement’s conditions weren’t made public. Additionally, HDFC Bank will get access to Refinitiv Workspace, which offers features including real-time market data, news, and fundamental information. The lender will utilize Workspace to give its treasury clients data analysis.

HDFC Bank Treasurer Ashish Parthasarthy stated, “With this partnership, we will have full access to Refinitiv’s content and capabilities throughout our whole company, enabling us to further improve efficiency and growth.

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