ICICI Bank launches ‘iFinance’, a single-view for savings and current accounts across banks

 

· Leverages the Account Aggregator ecosystem to enable users to link their accounts

· Crores of ICICI Bank customers as well as customers of other banks can view their accounts across banks in one place

· They can access the one-view dashboard on ICICI Bank’s mobile banking and internet banking platforms 

 

14 October, 2023: ICICI Bank announces the launch of ‘iFinance’, enabling crores of customers-retail and sole proprietors, to get a consolidated view of their savings and current accounts in one place. Customers of other banks can also get the benefit from this facility, which ICICI Bank has introduced by leveraging the Account Aggregator ecosystem, on the Bank’s digital platforms, namely iMobile Pay app, Retail Internet Banking (RIB), Corporate Internet Banking (CIB) and InstaBIZ, the Bank’s mobile app for businesses.

 

‘iFinance’ provides a single-view dashboard of all accounts. Users can check account balances, get valuable insights on spending patterns, download statements and more. The dashboard offers significant convenience to users and assists them to exercise better control over expenses and monitor their finances in a seamless manner.  

 

Speaking on the launch, Mr. Sidharatha Mishra, Head- Digital Channels, ICICI Bank, said, “We, at ICICI Bank, remain committed to offer futuristic and innovative digital solutions to our customers. With the launch of ‘iFinance’, we are enabling our customers as well as customers of other banks to view their account data in one place and provide them a better control over their finances. This is the Bank’s initiative to introduce the convenience of open banking for customers by leveraging the Account Aggregator ecosystem. This unique feature also provides users with the facility to manage their expenses by analysing their spending patterns in a safe and secured place. The ‘iFinance’ facility is available across our mobile banking and internet banking platforms which provide ease of access to account information to the customers. We believe this new feature will help the users to conveniently monitor and manage their finances.”