ICICI Bank launches 360-degree digital banking solutions for corporates

ICICI Bank has launched a set of digital banking solutions for corporates and their entire ecosystem dubbed – ICICI STACK for Corporates.

According to the Indian banking group, the range of 360-degree solutions offered by it will help corporates to effortlessly meet all the banking needs of their ecosystem in an accelerated and frictionless manner.

Through the launch of ICICI STACK for Corporates, ICICI Bank desires to be the preferred banking partner for organizations and their entire ecosystem, which includes promoters, group companies, dealers, vendors, employees, and all other stakeholders.

ICICI STACK for Corporates is said to offer tailored digital banking services to companies in more than 15 industries that include financial services, pharmaceuticals, IT/ITES, and steel.

The four main pillars of ICICI STACK for Corporates are digital banking solutions for companies, digital banking services for channel partners, vendors, and dealers, digital banking services for employees, and curated services for directors, promoters, and signatories.

For supplementing the digital efforts, ICICI Bank said that it has opened eight ecosystem branches, of which five are in Mumbai, while three are in New Delhi.

ICICI Bank launches 360-degree digital banking solutions for corporates and their ecosystem. Photo courtesy: Sumedh/Wikipedia.org.

The banking group intends to launch another four ecosystem branches in this financial year, which will house multi-functional teams having deep expertise for nurturing relationships and bring the full bouquet of services to each of the corporates and their ecosystem.

Vishakha Mulye – Executive Director, ICICI Bank said, “In an increasingly competitive and dynamic environment with rapid digital transformation impacting every industry, corporates look towards a banking partner, which can offer the breadth and depth of solutions for the entire ecosystem.

“With an objective to cater to the ecosystem of every corporate, we have launched a digital ‘ICICI Stack for Corporates’ with many industry first features. It offers banking solutions to corporates with backward and forward integration for their entire network of employees, dealers, vendors and all other stakeholders.”