Banks and NBFCs · ingrid.fyi

Banks 5 companies

These banks build their apps, payments and loan systems with growing teams of their own engineers.

HDFC BankHDFC Bank, India's largest private bank, builds its app, payments and loan systems with a growing team of its own engineers.Mumbai · Delhi NCR · BengaluruHired recently

Au Small Finance BankAU Small Finance Bank is licensed to lend to people and businesses that large banks do not reach.Mumbai · Bengaluru

IDFC FIRST BankIDFC FIRST Bank, with engineers in Bengaluru, is one of the private banks that has built the most technology of its own.Bengaluru

Kotak Mahindra BankKotak Mahindra Bank, with engineers in Bengaluru and Hyderabad, built its own app and a digital account that a customer can open in minutes.

North East Small Finance BankNorth East Small Finance Bank is the bank that slice merged into.

The tech, explainedCore banking system Digital banking platform Neobank

Non-bank lenders (NBFCs) 2 companies

An NBFC lends money but is not a bank and does not take ordinary savings deposits.

Piramal FinancePiramal Finance, with engineers in Bengaluru, lends for housing and to small businesses.

L&T FinanceL&T Finance lends in rural areas, and for two-wheelers and personal loans.

How it all worksDigital bankingYour money, from the app down to the core.

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What's changing

The bank is becoming a software company.

India's largest lenders are deciding how much of their technology to build themselves. Those that build more can launch products faster, but take on the cost of large engineering teams.