{"id":22313,"date":"2023-08-11T17:18:52","date_gmt":"2023-08-11T11:48:52","guid":{"rendered":"https:\/\/open.money\/blog\/?p=22313"},"modified":"2023-08-14T18:57:14","modified_gmt":"2023-08-14T13:27:14","slug":"icici-bank-connected-banking-features-benefits","status":"publish","type":"post","link":"https:\/\/open.money\/blog\/icici-bank-connected-banking-features-benefits\/","title":{"rendered":"ICICI Bank Connected Banking: Features and Benefits"},"content":{"rendered":"

#ICICI Bank CONNECTED BANKING
\nHolding an ICICI current account? If yes, then this blog is for you!<\/span><\/p>\n

Did you know that there is an amazing feature within your ICICI account, which will simplify how you manage your money?<\/span><\/p>\n

Surprisingly, recent surveys have shown that only 3 out of 10 ICICI current account holders are aware of this feature.\u00a0\u00a0<\/span><\/p>\n

The feature we are talking about is \u201cConnected Banking\u201d.<\/span><\/p>\n

ICICI Bank, One of India\u2019s largest private banks partnered with business payments platforms like\u00a0OPEN<\/a>, to launch the \u201cICICI Bank Connected Banking\u201d feature. <\/span><\/p>\n

This unleashes the true potential of ICICI Bank current accounts and aims to solve the difficulties in daily business payment processes, an owner and their accountant might encounter.<\/span><\/i><\/p>\n

\u201cBy 2030, banking will be invisible, connected, insights-driven, and purposeful.\u201d – Forrester<\/span><\/i><\/p>\n

What is ICICI Bank Connected Banking?<\/span><\/h2>\n

ICICI\u2019s Connected Banking is an integrated platform where you can link all your ICICI Current accounts to OPEN, which further connects it to other accounting tools such as Tally, ZOHO, and Microsoft Dynamics. <\/span>
\n<\/span>
\n<\/span>Connecting your ICICI current account to OPEN using “connected banking” gives you full control and visibility over your cash flow, saving you hours of time.\u00a0<\/span><\/p>\n

What Does OPEN & ICICI Connected Banking Bring To The Table?<\/span><\/h2>\n

There are several aspects of running a business properly, from maintaining books of accounts to employee salaries, the tasks are endless.
\n<\/span><\/p>\n

So, let\u2019s break it down a little.\u00a0<\/span><\/p>\n

Broadly, a business can be divided into 4 fundamental pillars:<\/span>
\n<\/span>
\n<\/span>1. Banking
\n<\/span>2. Accounting
\n3. Payments & Payouts
\n4. Compliance<\/span><\/p>\n

Here\u2019s how ICICI\u2019s connected banking simplifies all of this.\u00a0<\/span><\/p>\n

\"ICICI<\/p>\n

Top Features of OPEN – ICICI Connecting Banking<\/span><\/h2>\n

Now that we have understood the basics of managing a business, we can conclude that everything comes down to money, where it is coming from? Where is it going? Is there any more money yet to be received?\u00a0<\/span><\/p>\n

Money movement and management is the most important function of any business.\u00a0<\/span><\/p>\n

Having access to such information thus becomes the key to growing any business as well.<\/span><\/p>\n

This is where Connected Banking<\/a> plays a vital role as it bridges the gap between your current accounts where the money lies and the accounting books which tell where money should be.
\n<\/span>
\n<\/span>Here\u2019s how:<\/span><\/p>\n

\"Features<\/p>\n

What\u2019s more for ICICI current account users?\u00a0<\/b><\/h2>\n

The OPEN – ICICI Bank partnership also offers several value-added services as well, which enable you to take complete control of your business’s finances.
\n<\/span>
\n<\/span>These services include:<\/span>
\n<\/span><\/p>\n