ICICI Bank UK’s money transfer from Sweden, Norway, Denmark

The British subsidiary of ICICI Bank — ICICI Bank UK Plc — today announced the launch of online money transfer services to facilitate transaction from any bank accounts in Sweden, Norway and Denmark to any recipent account based in India. The service called 'Money2India Europe' verifies the credentials of the customers over video call from Money2India Europe website. The website […]

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Banks Alert as Passwords Compromised in Majority of Debit Card Transactions

Amid reports of widespread debit card security breaches, a senior State Bank of India official on Saturday said the passwords were compromised in majority of cases. "I strongly believe password is being compromised and most cases are of false transactions," Chief General Manager of State Bank of India, Bengal circle, Partha Pratim Sengupta told IANS. SBI, the country's largest commercial […]

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India’s ICICI Bank Pilots Transactions on the Blockchain

India's largest private sector bank by consolidated assets, ICICI Bank  (IBN) is the first Indian bank to execute a banking transaction using blockchain technology. The bank successfully executed international finance transactions in partnership with Emirates NBD, a leading banking group in the Middle East, using bitcoin's underlying blockchain technology. Blockchain, which powers the most popular cryptocurrency bitcoin, is a distributed […]

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