ICICI Bank launches online platform for exporters and importers

Mumbai: ICICI Bank announced on Monday that it has made an online platform available to all exporters and importers as part of its strategy to use digital media to attract businesses and their ecosystem. The bank’s “Trade Emerge” platform provides access to comprehensive business services, including a database of customers and their credit scores, logistics solutions and marine insurance.
“India has become a key player in world trade. From April to October 2021, our global exports and imports are estimated at nearly $ 780 billion, growing rapidly compared to the same period last year. Generally, global commerce is time consuming, requires a lot of paper and processes, and requires knowledge of rules and regulations. This platform will make the export and import hassle-free, ”ICICI Bank ED Vishakha Mulye said.
“This one-stop-shop platform eliminates the need for importers and exporters to coordinate with multiple points of contact,” Mulye said. She added that it would be useful for businesses at all stages of their life, including those looking for new business and established exporting companies.
Value-added services include information services provided by the Federation of Indian Export Organizations and access to a global database of partners from 181 countries in association with “The Dollar Business”, a global data platform. and import-export analysis. It also provides credit reports from CRIF and Dun & Bradstreet. In addition, the platform provides end-to-end digital logistics services and maritime transit insurance coverage in partnership with ICICI Lombard General Insurance.

Stephen V. Lee