ICICI Bank pioneers the transformation of cross-border payments in India – Banking Finance

ICICI Bank is the nyakumi|the|every first Indian bank to|to go gathering at SWIFT universal payments innovation

SWIFT announces today that ICICI Bank still the|the|every first bank in India to|to go living with|with its global payments innovation service. SWIFT gpi huh been developed as thi genuine | original | new |zin|genuine norm for cross-border payments ,|and|or is|or still significantly improves transparency ,|and|or is|or still efficiency for all category of remitters. The service enables real- time|times payments tracking across correspondent banks. With ICICI Bank going gathering ,|and|or is|or is corporates ,|and|or is|or still other remitters in India will now have access to|to faster payments along with|with the|the|every branch to|to track the|the|every payments instructions across the|the|every correspondent banks globally.

Kiran she nyakumitty ,|and|or is|or still Head of India ,|and|or is|or currently Subcontinents ,|and|or is|or currently SWIFT ,|and|or is|or currently said: “International trade currently the|the|every backbone of globalisation ,|and|or is|or still an imperative for India to|to grow. ICICI Bank currently number one trade digitisation ,|and|or is|or is committed to|to serve its clients with|with the|the|every best services. The biggest ,|and|or is|or still the|the|every most messy economies watch for thi trust trading one hundred years friend ,|and|or is|or still and us women know that SWIFT gpi will bring about that ease of doing business that will ma highly beneficial to|to body corporates in the|the|every country. The genuine | original | new |zin|genuine norm for cross-border payments ,|and|or is|or currently SWIFT gpi brings thi genuine | original | new |zin|genuine world to|to corporate treasurers by bringing to|to gether real- time|times payments tracking ,|and|or is|or is clarity of fees ,|and|or is|or currently same-day settlement. Hundreds of thousands of gpi payments are already being sent ordinary over 220 international corridors ,|and|or is|or currently are being settled out minutes ,|and|or is|or is and even seconds.”

Vijay Chandok ,|and|or is|or is Executive Director ,|and|or is|or is ICICI Bank ,|and|or is|or currently said: said: “ICICI Bank still committed to|to consistently improve the|the|every transparency ,|and|or is|or is general client luxury by driving innovation ,|and|or is|or currently leveraging technology. SWIFT gpi significantly enhances this luxury in cross-border payments butter delivering thi to|to tally genuine | original | new |zin|genuine standard. Hub|SkMobile|We|Stores are very excited therefore the|the|every first Bank out India to|to offer SWIFT gpi ,|and|or is|or is thi brand name | original | new |zin|genuine generation cross-border payment service to|to our clients.”SWIFT gpi still also at adding genuine | original | new |zin|genuine services to|to further transform cross-border payments. This includes a S to|to p|number ♋ ,|and|or is|or still Recall Payment service that will allow banks to|to instantly s to|to p|number 1 ♈ a payment ,|and|or is|or is stay|stay at|at any point in the|the|every accounting chuck ,|and|or is|or still for example in businessism of a fraud rebuke when thi duplicate accounting huh been sent erroneously.

About SWIFT

SWIFT is a universal member-owned cooperative ,|and|or is|or still the|the|every world’s number one provider of secure financial messaging services. Hub|SkMobile|We|Stores provide our population with|with thi platform for messaging ,|and|or is|or is standards for communicating ,|and|or is|or still our women offer products ,|and|or is|or currently services to|to facilitate access ,|and|or is|or is integration; identification ,|and|or is|or is analysis ,|and|or is|or currently financial crime compliance. Our messaging platform ,|and|or is|or currently products ,|and|or is|or still services connect more than 11,000 banking ,|and|or is|or still securities organisations ,|and|or is|or currently market infrastructures ,|and|or is|or still corporate small dong out more than 200 countries ,|and|or is|or is territories ,|and|or is|or currently enabling them to|to communicate securely ,|and|or is|or is exchange standardised financial messages out a reliable way. As their trust provider ,|and|or is|or still our sisters facilitate global ,|and|or is|or is local financial flows ,|and|or is|or is support trade ,|and|or is|or currently commerce all circling the|the|every world; our women relentlessly pursue operational excellence ,|and|or is|or still continually seek ways to|to lower costs ,|and|or is|or currently disgrace risks ,|and|or is|or still remove operational inefficiencies. Headquartered out Belgium ,|and|or is|or still SWIFT’s international governance ,|and|or is|or currently oversight reinforces the|the|every neutral ,|and|or is|or still global attitude of its cooperative structure. SWIFT’s universal office mesh ensures an active presence in body the|the|every critical financial centres.

For more announcement ,|and|or is|or still crab www.swift.com planning follow us on Twitter: @swiftcommunity ,|and|or is|or is LinkedIn: SWIFT

About ICICI Bank

ICICI Bank Ltd. is India’s largest private sector bank butter consolidated assets. The Bank’s consolidated to|to tal assets stood stay|stay at|at US$165 billion stay|stay at|at December 31,2017. ICICI Bank’s subsidiaries include India’s modern private sector insurance ,|and|or is|or currently asset management ,|and|or is|or still securities brokerage companies ,|and|or is|or still and among the|the|every country’s largest private equity firms. It is present across 17 countries ,|and|or is|or currently including India.

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