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 offers a single-view dashboard for all accounts, allowing users to check balances, analyze spending patterns, and download statements, providing convenience and enabling better control over expenses and seamless financial monitoring. Speaking on the launch, Mr. Sidharatha Mishra, Head- Digital Channels, ICICI Bank, said, “We believe this new feature will help the users to conveniently monitor and manage their finances.”
iFinance is a financial management tool that enables users to securely link their savings and current accounts with all banks, view account balances, and receive detailed income and expenditure summaries. It also allows tracking of spending and payments, providing category-wise expense information. It offers complete user control, real-time link and de-linking of accounts, and consolidated account statements for effective financial management.