Bank New service: Axis Bank has emerged as the first private sector bank in the country to launch a new-age banking facility using a system of sharing bank account transaction information. Through this feature, customers can view their bank account details (balance) and transaction details at one place. Customer consent and maintaining data privacy are key principles behind this facility.
Axis Bank, one of India’s largest private sector banks, today announced the launch of its latest facility ‘One-View’ on the Axis Mobile Application (App). Axis Bank is proud to be the first private sector bank in the country to introduce a new-age banking facility using a system of sharing banking transaction information between regulatory bodies to provide a seamless banking experience to its customers.
This facility simplifies the process of financial management by providing customers with information on multiple bank accounts on a single platform. It also enables customers to monitor their bank account details (balance) and expenses on a real-time basis.
Say goodbye to using multiple apps for your bank accounts! Experience the ultimate convenience with 'One View' on the Axis Mobile app. Easily check your account balance and track transactions in one place. Download now for hassle-free banking! https://t.co/IVKWcKM4HZ #AxisBank… pic.twitter.com/oNsGCi3NE9
— Axis Bank (@AxisBank) June 21, 2023
What are the key benefits for customers
- Seamless process of linking customer’s external bank accounts with Axis Bank on Axis Mobile Application
- Comprehensive view of customer account balance and transaction information across multiple bank accounts
- Eliminate the need to manage more than one mobile banking app
- Allow customers to download and e-mail transaction details from their interconnected bank accounts
- Customers can de-link any bank or other non-Axis bank accounts at their convenience.
- A system of sharing banking transaction information between regulatory bodies provides a secure way of sharing customer consent and data privacy.
Talking about the introduction of this new facility, Sameer Shetty, President and Head of Digital Business and Transformation Department of Axis Bank said, ‘Axis Bank believes in the potential of open banking system. We are continuously investing in digital-first products that reshape consumer expectations. In this endeavour, we are excited to launch ‘One View’ facility on Axis Mobile App to efficiently share banking transaction information between regulatory bodies. This facility will provide seamless banking experience to customers. It will provide greater convenience to customers by eliminating the need for more than one mobile banking application (app). We believe this is a solid step towards transformation and the future of banking.
The system of sharing banking transaction information between regulatory agencies is efficient and growing rapidly. Axis Bank is at the forefront in using this system. This has helped the bank implement its banking transaction information sharing framework and roll out various technologies to provide a seamless customer-friendly experience. Axis Bank offers personal loans, credit cards, car loans and small business loans by sharing bank account information. It will help existing and new customers to provide quick loans in fully digital and paperless mode. The information comes from a trusted source and is completely digital. It will be happy for the customers. Sameer also said that it will help in the efficient functioning of banking transactions.
Axis Bank’s mobile app is the highest-rated mobile banking app* on the Google Play Store with an impressive average rating of 4.8. The addition of ‘One-View’ facility is another significant milestone in the adoption of customer-centric innovation. This is because it enables customers to conveniently access all their banking needs through a single, unified platform.
*59 Global Banks, 8 Global New Banks and 50 Financial Technology FinTech Apps from India have over 20 lakh reviews on Google Play Store.
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