ICICI Bank has recently joined hands with Decentro, a full-stack API banking platform, to offer customised business banking APIs to FinTechs, start-ups, e-commerce and corporates companies. With this collaboration, Decentro has integrated ICICI Bank’s seven business banking APIs from categories like accounts, collections and payments. It has further bundled these APIs together to offer a comprehensive package to the end customer.
With this, any start-up, FinTech and corporate can now enjoy instant and secured access to customised business banking APIs on top of ICICI Bank. It remarkably enhances convenience for the companies as they can now access all business banking solutions seamlessly through Decentro, rather than integrating different business banking APIs, thereby saving their costs and time.
Commenting on the partnership, Pankaj Gadgil, Head – Self Employed Segment, ICICI Bank, stated, “At ICICI Bank, we have always strived to create a seamless banking experience for our customers. We are delighted to partner with Decentro to bring forth an integrated API banking solution to several businesses, fintechs, corporates and e-commerce start-ups and co-create innovative customer solutions in a frictionless manner. With this integration, Decentro can now offer a bouquet of banking APIs from ICICI Bank along with various other non-banking APIs to the customers. We believe that this association will boost productivity for businesses, as they can now expect API banking solutions tailored for their specific requirement quickly.”
Rohit Taneja, Founder & CEO, Decentro, remarked, “Interestingly, we are also celebrating our first year official anniversary as a company. The number of API transactions on our platform have grown by 12x in just nine months since our first product launch in July last year, and the number of new customers have grown by more than 40% month over month. We are thrilled to be building this crucial infrastructure for the upcoming fintech revolution and are super proud to be backed by some of the smartest investors in the world. With this new product, we are looking to empower existing as well as new categories of ventures like SME service providers, accounting firms, B2B marketplaces, and more across the country.”