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ICICI Bank offers soon-to-be expats facility to open account before arriving in UK

ICICI Bank UK has unveiled a new facility in its mobile application, allowing Indians migrating to the UK to open an account while in India itself.

The Indian passport holders moving to UK for work will be able to open personal current account in the UK, equivalent to a savings account in India, through the ‘ICICI Bank UK iMobile’ application.


The bank claimed that the service is first-of-its-kind by an Indian bank in the UK.

“This unique proposition heralds a new era of opening an account in few minutes, a marked improvement over a few days taken earlier,” said Loknath Mishra, chief executive of ICICI Bank UK.

The completely digital procedure dispense with the requirement to visit a branch in UK. The customers can simply download the app and furnish all KYC details electronically. The account will be instantly activated, allowing customers to start transacting immediately.

Customers will receive a contactless debit card at their correspondence address either in UK or in India. They will also be able to remit money 24x7 instantly to any ICICI Bank account in India.

The app is available in both android and iOS platforms.

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Starbucks appoints Amazon executive as new CTO

Anand Varadarajan

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Starbucks appoints Amazon's Anand Varadarajan as new chief technology officer

Highlights

  • Anand Varadarajan appointed Starbucks CTO, effective 19 January, after 19 years at Amazon.
  • IIT graduate to oversee tech transformation in stores to improve labour efficiency.
  • Appointment comes as Starbucks reports first quarterly sales gains in nearly 18 months.

Starbucks has named Anand Varadarajan as its new chief technology officer, effective January (19), as CEO Brian Niccol drives a technology overhaul aimed at making store operations more efficient.

Varadarajan joins the global coffee chain after spending 19 years at Amazon, where he led technology and supply chain operations for the company's worldwide grocery business. He replaces Deb Hall Lefevre, who stepped down in September, with Ningyu Chen serving as interim CTO.

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