ICICI Bank has launched ‘iFinance’, allowing customers to consolidate their savings and current accounts in one place. This facility is available to both retail and sole proprietors, and can be accessed by customers of other banks through the Account Aggregator ecosystem on the bank’s digital platforms, including iMobile Pay app, Retail Internet Banking, and InstaBIZ mobile app.
‘iFinance’ provides a single-view dashboard of all accounts. Users can check account balances, get valuable insights on spending patterns, download statements and more. The dashboard offers significant convenience to users and assists them to exercise better control over expenses and monitor their finances in a seamless manner. 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 allows users to securely link their savings and current accounts with all banks, view account balances, and receive a detailed summary of income and expenditure. It also allows users to track spending and payments, providing category-wise information on expenses. The facility offers complete user control, allowing real-time link and de-linking of accounts, and allows users to download consolidated account statements of all linked bank accounts.
