ICICI Bank onboards 70 companies on digital platform

Friday 17 December 2021 09:41 CET | News

ICICI Bank has announced that it has onboarded 70 new companies on ‘CorpConnect’, the digital platform that it launched in 2020.

The platform helps corporates to undertake instant payments and collections to/from their channel partners. ‘CorpConnect’ also offers instant and collateral free digital channel financing solutions such as dealer finance for distributors and vendor finance/ reverse factoring for suppliers.

Through ‘CorpConnet’, companies can directly integrate with the bank’s systems and embed the banking solutions such as channel financing, vendor bill/ invoice discounting, payable finance and factoring within their ERP systems. This can be done either with API integration with the bank or with host-to-host SFTP (Secure File Transfer Protocol) solution.

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Keywords: digital banking, ERP, instant payments, API
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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