Mumbai, 400005,
India
IDBI BANK Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by IDBI BANK and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 17000 IDBI BANK employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that IDBI BANK has purchased the following applications: 3i Infotech Kastle Asset Liability Management for Asset and Wealth Management in 2006, Infosys Finacle India Trade Connect Blockchain for Blockchain Platform in 2021, Cloudflare CDN for Content Delivery Network in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems IDBI BANK is running and its propensity to invest more and deepen its relationship with 3i Infotech , Oracle , EdgeVerve or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing IDBI BANK revenues, which have grown to $3.60 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for IDBI BANK intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| 3i Infotech | Legacy | 3i Infotech Kastle Asset Liability Management | Asset and Wealth Management | Investment Management | n/a | 2006 | 2007 |
In 2006, IDBI Bank implemented 3i Infotech Kastle Asset Liability Management as its Asset Liability Management platform at the bank in India. The deployment established a centralized system to govern balance sheet exposures and support institutional ALCO workflows across treasury, finance, and risk functions.
The 3i Infotech Kastle Asset Liability Management implementation delivered core ALM capabilities including balance sheet projection and gap analysis, interest rate risk measurement, liquidity risk modeling, scenario and stress testing, and funds transfer pricing aligned to institutional risk limits. Configuration emphasized standardized reporting and automated calculation engines to produce repeatable forecasts and scenario outputs for forward looking balance sheet management.
Operational ownership rested with treasury and enterprise risk management, with the solution used to generate ALCO reporting, risk dashboards, and input for funding and liquidity decisions. The implementation was structured to feed operational workflows in finance and risk without explicit third party integration details provided, serving as the primary system of record for asset liability metrics within the bank.
Governance routines were reoriented to incorporate system-driven reporting and control checks, with the Kastle deployment supporting formal risk monitoring and committee review cycles. IDBI Bank used the KASTLETM Asset Liability Management solution from 3i Infotech to efficiently handle assets and liabilities, control risks, and record growth during a challenging competitive period in the Indian banking industry.
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Asset and Wealth Management | Investment Management |
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2009 | 2011 |
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Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| EdgeVerve | Legacy | Infosys Finacle India Trade Connect Blockchain | Blockchain Platform | Blockchain | n/a | 2021 | 2021 |
In 2021, IDBI Bank joined the Indian Banks’ Blockchain Infrastructure Co consortium and invested 50 million rupees to provision the Infosys Finacle India Trade Connect Blockchain in the Blockchain Platform category, targeting domestic Letters of Credit. Filings show IDBI Bank took a 5.55% stake in the consortium alongside multiple Indian banks, with the combined funding announced at roughly $12 million for the initial Letter of Credit solution.
The Infosys Finacle India Trade Connect Blockchain implementation centers on trade finance capabilities common to consortium blockchain deployments, including orchestration of letter of credit lifecycles, a shared immutable ledger for trade documentation, and permissioned data sharing across participating banks. Configuration emphasis is on consented transaction visibility and streamlined document exchange to support end-to-end Letters of Credit processing within the consortium.
The solution will use the Infosys Finacle Connect solution for interbank connectivity and to interface with participating banks’ trade finance operations and back-office processing. The Reserve Bank of India is involved in discussions and the RBI research arm IDRBT is concurrently working on a model blockchain for trade finance, while other market initiatives such as Monetago have been noted as precedent in India’s trade finance blockchain activity.
Governance is structured through the Indian Banks’ Blockchain Infrastructure Co ownership stakes, with each principal participant contributing capital and a proportional equity share, and a planned rollout expected later in 2021 to onboard consortium members and initial production Letter of Credit workflows.
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Cloudflare | Legacy | Cloudflare CDN | Content Delivery Network | IaaS | n/a | 2021 | 2021 |
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Domain Name System (DNS) | IaaS |
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2022 | 2022 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Core Banking | ERP Services and Operations |
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2010 | 2010 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Customer Loyalty | CRM |
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2020 | 2020 |
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Marketing Analytics | CRM |
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2019 | 2019 |
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EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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EPM | EPM |
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2011 | 2011 |
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TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Risk Management | TRM |
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2023 | 2024 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Secure Sockets Layer (SSL) | CyberSecurity |
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2020 | 2020 |
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