The bank entered into the Joint Venture along with API Integration Services move in TSDL FINBANK UK LIMITED To Pursue International Trade Finance business in India via helping with ICICI Venture
More on Spindigit:
- For Low Latency choose nearest location Atlanta, Georgia, for Dedicated and VPS Server Hosting by TheServerHost
- For Low Latency choose nearest location Seattle, Washington for Dedicated and VPS Server Hosting by TheServerHost
- What Are the Benefits an Ecommerce Design Agency Provides?
- Fastest processing with GPU based Russia, Moscow Dedicated and VPS Server Hosting by TheServerHost
- Reasons an Artist Should Submit a Paid or a Free Music Press Release
(Spin Digit Editorial):- New Delhi, Delhi Apr 7, 2022 (Issuewire.com) – TSDL FINBANK UK Limited partners with ICICI Bank
Brings online Trade Finance and banking solutions for Corporates & VCs on a single platform
Also enables regulatory body for bulk payment solutions & bizpay360
New Delhi: TSDL FINBANK UK LIMITED, a leading Scheduled Foreign Bank & Trade Hub Bank has
partnered with ICICI Bank, India’s largest private sector bank by consolidated assets, to offer
integrated trade finance and collateral management platform to Corporates, Micro, Small, and Medium Enterprise (MSME) customers, using TSDL FINBANK UK LIMITED X-net Trade.
Talking about the partnership, Mr. Anup Bagchi, Executive Director, ICICI Bank said,” ICICI Bank has always pioneered in bringing digital innovations and providing world-class banking experience to its customers. We are delighted to partner with TSDL FINBANK to bring forth an integrated trade finance solution that will offer MSMEs & Corporates unparalleled ease of doing business. The collaboration aims to promote the concept of ‘Connected Banking’ wherein we aim to get various banking functions such as Letters of Credit (LC) Bank Guarantees / Performance Bonds (PB) Standby Letters of Credit (SBLC) Pre-advice Services (MT799) / Ready Willing and Able Letters (RWA). Virtual Accounts & Offledger Funds of ICICI Bank India Trading & Auction Blocked Funds Services Proof of Funds Letters Bank Comfort Letters Real Estate Fintech XTrade Domain Accounts Management as an intermediary of icici bank India Offshore banking services Correspondence banking services Money remittance services on a common platform. Additionally, it will enable businesses to initiate better Credit issuance digitally, and apply for funding for their companies. We will continue the model of co-creating to deliver innovative products and services to our customers.”
“This is a maiden tie-up between TSDL FINBANK and ICICI Bank, where we will provide integrated cloud-based trade solutions to small and medium enterprises and will address many of the complexities related to their import-export transactions. The customers just need to contact the Trade Team of TSDL BANK SMEs and MSMEs in the country can now leverage the power of Integrated Banking, save time and increase productivity. We are happy and proud to be associating with ICICI Bank,” said Mr. Prathmesh Madival, MD, C.E.O TSDL FINBANK UK LTD.
About TSDL FINBANK UK Ltd: TSDL Was founded in 2021 IN LONDON and is the leading Trade finance solutions and collateral and off-ledger funds solution provider in India. It has always been a core part of TSDL’s vision to
provide an easy and affordable solution to Corporates, MSME India. TSDL FinBank holds a “Class A” international banking license from the Prudential Regulation Authority & FCA Regulatory Authority Of London, an associate partner of ICICI Bank India. More offices are scheduled to open in Frankfurt, Singapore, Dubai – U.A.E, ISTANBUL, ETC in 2021. works through a channel partner network and STP (Straight Thru Processing) and trade finance solution and sells its products in more than 20 countries.
TSDL FINBANK just got funding from BEENEXT Fintech Investor of Euro 90 Million in London
Bank Valuation till 05-April-2022 is EUR 5 Billion
Subsidiaries of TSDL FINBANK
. GIV HOLDINGS SG PTE LIMITED
. GLOBAL INTELLECTUAL VENTURES PVT LTD
. TSDL FINBANCO DIGITAL PRIVATE LIMITED
. TSDL FINBANK LLC DUBAI
. FEDERAL AUTHORITY OF TRADE & TSDL FINANCE
About ICICI Bank: ICICI Bank Ltd (NYSE: IBN) is India’s largest private sector bank by
consolidated assets. The Bank’s consolidated total assets stood at US$ 172.5 billion at
March 31, 2018. ICICI Bank’s subsidiaries include India’s leading private sector insurance,
asset management, and securities brokerage companies, and are among the country’s largest
private equity firms. It is present across 17 countries, including India.
For media queries, write to: [email protected]
Except for the historical information contained herein, statements in this release, which contain words or phrases
such as ‘will’, ‘would’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements. These forward-looking statements involve several risks, uncertainties, and other factors
that could cause actual results to differ materially from those suggested by the forward-looking statements.
These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory
approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and
expansion in business, the adequacy of our allowance for credit losses, technological implementation and
changes, the actual growth in demand for banking products and services, investment income, cash flow
projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United
States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties, and
other terms and conditions for any products and services described herein are correct as of the date of the
release of this document and are subject to change without notice. The information in this document reflects
prevailing conditions and our views as of this date, all of which are expressed without any responsibility on our
part and are subject to change. In preparing this document, we have relied upon and assumed, without
independent verification, the accuracy and completeness of all information available from public sources. ICICI
Bank and the “I man” logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or
other service levels is only indicative and should not be construed to refer to any commitment by us. The
information contained in this document is directed to and for the use of the addressee only and is for general circulation only
TSDL FINBANK UK LIMITED
116 THOMAS MORE SQUARE ONE VIRTUAL ZONE
Source :ICICI BANK LIMITED
This article was originally published by IssueWire. Read the original article here.