Strap: Private lender, ICICI Bank has launched ICICI Stack for its corporate customers to offer ecosystem banking which provides 360* digital banking solutions to corporates, their channel partners, employees and other stakeholders.
Copy: ICICI Bank has launched ICICI Stack for its corporate customers which provides a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and all other stakeholders. The wide range of 360-degree solutions enables corporates to seamlessly meet all banking requirements of their ecosystem in an expeditious and frictionless manner.
The bank is looking to be the preferred banking partner for companies and their entire ecosystem. It’s a first-of-its-kind initiative where it will provide customised digital banking services to companies in over 15 leading industries– such as financial services, IT/ITES, pharmaceuticals, steel to name a few– and their entire ecosystem.
The four main pillars of the ‘ICICI STACK for Corporates’ are:
(1) digital banking solutions for companies;
(2) digital banking services for channel partners, dealers and vendors;
(3) digital banking services for employees
(4) curated services for promoters, directors and signatories. Many of the digital solutions are first in the industry.
To strengthen these digital efforts the bank has opened eight ecosystem branches – five in Mumbai and three in NCR and these branches will be full service centers housing multifunctional teams with deep expertise required to nurture relationships.
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. We look forward to partnering with our customers for the banking needs of their entire ecosystem and unlock the full potential.”
She adds, “The ‘ICICI STACK for Corporates’ is built on the premise that each industry and each corporate ecosystem has bespoke requirements. We have backed the ‘ICICI STACK for Corporates’ with our IT prowess to customise it to the diverse requirements of industries and corporates across sectors. This feature enables us to offer various solutions to corporates in a significantly expeditious manner. We believe that the ‘ICICI STACK for Corporates,’ coupled with our ecosystem branches, will help us serve the needs of our customers and enable us to bring the full bank to the customer.”