Qorus Banking Innovation Awards 2021

e-Discounting System (e-DS)

Submitted by

ICICI Bank

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30/09/2021 Banking Innovation

About

With an objective of eliminating manual reconciliation, dependency on financial intermediary and brokers and transit time to physical LC advising, ICICI Bank has introduced e-DS which is a Marquee solution developed using Blockchain architecture. This industry-first initiative has the capability to disrupt inland bill discounting transactions in India by bringing together the nuances of trade, government initiatives & power of blockchain. This platform is a one-stop solution that provides all functions of LC (view, review, download) thus enabling the client to reduce dependence on paper.

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