ICICI Bank has introduced ‘ICICI STACK for Corporates’, 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 enable corporates to seamlessly meet all banking requirements of their ecosystem in an expeditious and frictionless manner. A first-of-its kind initiative, the ‘ICICI STACK for Corporates’ provides customized digital banking services to companies in over 15 leading industries – in financial services, IT/ITES, pharmaceuticals, steel etc. These services can further be tailor-made for companies within an industry. The Bank said the 4 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 and (4) curated services for promoters, directors and signatories. Many of the digital solutions are first in the industry. In order to supplement these digital efforts, the bank has opened 8 ecosystem branches – 5 in Mumbai and 3 in the National Capital Region. It plans to launch another 4 in this financial year. These ecosystem branches are full service centers that house multi-functional teams with deep expertise required to nurture relationships and bring the entire bouquet of services of the bank to each of these corporates and their ecosystem. Vishakha Mulye, Executive Director of the bank, said the digital ‘ICICI Stack for Corporates’ has many industry-first features, including offering banking solutions to corporates with backward and forward integration for their entire network of employees, dealers, vendors and all other stakeholders.
