Madhivanan Balakrishnan, Chief Technology and Digital Officer, ICICI Bank talks about having technology at the core of the organization’s DNA and how the bank has been continuously reorienting processes using technology. He talks about the potential of blockchain in the trade process and how ICICI Bank is using the technology not just as an enabler but is capitalizing on its full potential in solving real world problems, by going beyond pilots. ICICI Bank has made significant progress and has on boarded over 280 corporates on its trade connect network.
Madhivanan also talks about the vision behind setting up the India Trade Connect and how this would help alleviate the inefficiencies and the pain points in the traditional trade finance process.
ICICI Bank is India’s largest private sector bank. The bank leverages Finacle’s Core Banking, Online Banking, and blockchain based Trade Connect and Payments Connect.