HDFC Bank, SAP partner for ENet connectivity

MUMBAI: HDFC Bank, one of India's premier banks has joined forces with SAP to provide its customers a seamless connect to the Bank's network through ENetTM. Under this  relationship, HDFC Bank will leverage on the SAP NetWeaver services to connect to customers running SAP ERP solutions, via ENet, HDFC Bank's online banking platform.  

According to a press relesase, ENet is an Internet-based, multi-services delivery platform widely used by large corporations for its ability to provide secure access and integrated transaction capabilities. With ENet, the bank's corporate customers gain a real-time & seamless access to the bank's Electronic Banking Services, across geographies. This collaboration with SAP will extend a richer ENet service to all its customers running SAP ERP.

Commenting on this collaboration, Anil Jaggia, Chief Information Officer, HDFC Bank said, "HDFC Bank has always been at the forefront of technology-based innovations. Right from inception, we have strived to keep our technology infrastructure flexible to serve multiple delivery channels for different customers. This partnership with SAP is a demonstration of this belief. We can now provide our customers off-the-shelf standard integration capabilities, certified by SAP, which provide seamless access to an open architecture platform to adapt and support a variety of industry standard ERP solutions. This will enable us to offer end-to-end solutions in the accounts receivables and payment management domain and lead to increased productivity, transparency, and effective controls for our clients."

Powered by SAP NetWeaver, corporate banking services from SAP incorporates easy-to-use, open standards and interoperable processes across existing enterprise applications, creating opportunities for HDFC Bank customers to transact and manage their wholesale banking services on a single platform, while bridging the gap for those deterred by platform integration issues at the same time. The solution allows HDFC Bank customers to seamlessly access ENet through secure connections using XML, and also extends the same banking services to wholesale customers, whether they are running on Microsoft.NET, Java EE, IBM WebSphere, UNIX or Linux platforms. In addition, the bank can now provide enhanced host to host connectivity for corporate banking services and reduce the challenges in the areas of customer on-boarding while reducing manual processing and risk.

Further advantage of using SAP NetWeaver is its capacity for customization according to each individual customer's need while reducing HDFC Bank's operational cost and total cost of ownership; it gives HDFC Bank customers the power to initiate transactions through a multitude of interoperable channels and decide for themselves the criteria on which to view or authorize these transactions.

Harish Engineer, Executive Director, Wholesale Banking, HDFC Bank said, "We are committed to offering effective and innovative solutions that deliver greater value to our customers. This cooperation  with SAP will enable us to offer ENet, our widely accepted fully secured Internet based online, real time electronic delivery channel to an even wider base of corporates across the country, allowing them seamless multi-branch connectivity and an integrated heterogeneous core back end. With Indian companies looking at the global arena, ENet's design is well suited to today's corporate vision of managing global businesses."

Speaking on the occasion  Ranjan Das, President and CEO, SAP India said, "We are truly excited to be working with HDFC Bank in a first-of-its-kind partnership within the BFSI industry in India. HDFC Bank's platform – powered by the company's widespread and deep networks, will provide Indian corporates with secure and easy access to the banking services nationally. This unique initiative by the leaders in banking and technology will set the trends for the future of banking services for India Inc."