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ICICI Bank tie-up with Decentro to offer customized business banking APIs

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ICICI-Bank-ties-up-with-Decentro-to-offer-customized-business-banking-APIsICICI Bank and Decentro Tech Private Ltd, a full-stack Application Programming Interfaces(API) banking platform, made a partnership to offer customized business banking APIs to fintechs, startups, and corporates and e-commerce companies.

  • ICICI Bank’s seven business banking APIs from different categories, like deposits, payments, and collections were integrated by Decentro to provide a powerful kit to the end users.
  • This initiative enables the ICICI Bank customers to have a quick and stable access to all business banking APIs.

About API in Banking:

  • It is traditionally a tech interface between software programs which has a set of protocols for facilitating a third-party application to synchronize and connect to a bank’s tools and services and makes a bank’s services available to other third-party.
  • This helps both banks and third-party companies to combine their offerings and specialties (more than providing to their customers by themselves).

Recent Related News:

On January 14, 2021, Industrial Credit and Investment Corporation of India (ICICI) Bank collaborated with Niyo, a new age fintech to issue prepaid cards namely” ICICI Bank Niyo Bharat Payroll Card” to the blue-collar workers of Micro, Small & Medium Enterprises (MSMEs).

About ICICI Bank:

Establishment – 1995(Incorporated in 1994)
Headquarters – Mumbai, Maharashtra
MD& CEO –  Sandeep Bakhshi
Tagline – Hum haina, Khayal Apka

About Decentro Tech Private Ltd:

Founder & CEO – Rohit Taneja