ICICI Bank on Wednesday announced partnership with Shivaami Cloud Services to launch Cloud based products bundled with transaction banking API solutions in India. It is the first time for the banking industry to witness such a collaboration.
Mumbai based Shivaami was founded in 2004 by Mr. Punit Thakkar. The aim of the collaboration is to broaden access to cloud technologies of small and medium enterprises (MSMEs) in India. The solution provides a suite of Software-as-a-Service (SaaS) applications including Google Suite for communication and efficient collaboration among teams, Google Cloud Platform (GCP) for hosting and storage.
“Computing capabilities on the cloud are transforming the online business environment, enabling businesses to run faster, more efficiently, and at a reduced cost. Driven on digital platforms, small and medium businesses hold a lot of opportunities to expand their services and improve everyday operations. Our partnership with ICICI Bank has helped us remain committed to providing the latest technology with an endeavor to fulfill customer needs and contribute to their growth journey,” said Punit Thakkar, Founder CEO, Shivaami.
It will be powered by API Banking services from ICICI Bank, that can easily integrate the business’ ERPs in a secured and automated way with end to end reconciliations. It is expected to aid start-ups to streamline their accounting transactions efficiently and provide a single portal for managing their daily operations.
“At ICICI Bank we believe that ‘ease of doing business’ and ‘digitization’ are the two growth enablers for the MSME businesses. Our tie-up with Shivaami is yet another initiative to enable our MSME customers to scale up their digitization in a rapid and seamless manner. It offers ICICI Bank’s MSME customers access to attractively priced packages for availing world-class cloud infrastructure services. This in turn will help them to use the APIs available on the ICICI Bank Developer portal and rapidly add to their digitization, without investing in setting up large IT infrastructure like physical servers. We believe that this access to new technology will help MSMEs improve their operational efficiencies, thereby accelerating themselves to grow and enhance their business,” said Pankaj Gadgil, Head Self Employed Segment, ICICI Bank.
ICICI Bank’s API Banking portal currently consists of 250 banking APIs (Application Programming Interfaces) which enables developers of prospective companies, e-commerce start-ups to seamlessly sign up partner with the Bank to co-create innovative customer solutions in a smooth manner.
The partnership is in line with the Digital India campaign launched by the Government. The collaborated cloud service is expected to bundled with other platforms like Freshdesk, Freshmarketer and Freshsales.
Transform your business into a digital powerhouse with a bundle that brings together the best of ☁️ #CloudBasedTools 🔧 for SMBs at an affordable bundled price, supported 🤝 by a single partner #Shivaami. Get more details – https://t.co/hWFBoUtB8a #GoogleCloudPartner #ICICIBank pic.twitter.com/3ED14kVGEP
— Shivaami (@shivaami) August 14, 2020
