ICICI Bank has launched ‘iFinance,’ with a single-view dashboard of all accounts, that enables 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, iMobile Pay app, Retail Internet Banking (RIB), Corporate Internet Banking (CIB) and InstaBIZ, the bank’s mobile app for businesses, the bank notified via a statement.
Leverages the Account Aggregator ecosystem to enable users to link their accounts
With ‘iFinance,’ 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.
Sidharatha Mishra, Head- Digital Channels, ICICI Bank, said in the statement, “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.”
