Deutsche Bank Launches Instant Cash Reporting (ICR)

Published: July 10, 2025

Deutsche Bank has gone live with Swift’s Instant Cash Reporting (ICR) – a new, API-driven solution that enables large corporate and financial institutions to access real-time account and balance information with a single, standardised connection.

As part of Deutsche Bank’s expanding API capabilities, the ICR solution delivers immediate, on-demand financial data access through the Swift infrastructure. It combines Deutsche Bank’s API product offering with the trusted, secure connectivity of Swift – creating a seamless channel for corporate clients to access vital cash information.

Through ICR, corporates can collect real-time account and balance data via a single access point using the ISO 20022 data model and secure JSON format. Identification and authorisation are meeting the highest standards of cybersecurity and data integrity.

How it works:

Swift acts as the central connector, routing API pull requests from corporates to Deutsche Bank. Deutsche Bank responds with standardised account data in JSON format, tailored to the corporate’s selected accounts or full account set, based on the associated Swift BIC.

“Deutsche Bank, leveraging Swift and the API Network, is setting a benchmark for the industry by offering clients innovative, real-time solutions that enhance cash visibility and operational efficiency,” said Johnny Grimes, Head of Corporate Cash Product at Deutsche Bank. “ICR addresses the key demand of corporates for multi bank solutions and consistent standards in the API space to simplify adoption.”

Rishikesh Tinaikar, Global Head of Corporates Go-To-Market at Swift, said “We’ve been investing significantly in APIs to provide financial institutions with flexible and real-time access to new solutions. Alongside the introduction of white-labelled, end-to-end tracking services, and the extension of ISO 20022 across the payment chain, Instant Cash Reporting is another example of how Swift is enabling its community of banks and financial institutions to add real value to treasury management teams within their corporate customers.”

Deutsche Bank and Spain based energy company Iberdrola are the first partners to implement ICR. Iberdrola highlighted that the ICR API offers significant benefits such as process automation, error reduction, and improved operational efficiency. Additionally, it provides real-time access to information and seamless integration with existing systems, reducing operational costs and optimising both human and technological resources. ICR API also enables balance optimisation and the identification of unexpected incoming payments, enhancing financial management and increasing revenue.

ICR is currently accessible to Swift-connected corporates and financial institutions. Deutsche Bank is committed to delivering first class API solutions to both Swift connected corporates and corporates using other connectivity channels.

Deutsche Bank welcomes other banks and corporates to join the initiative to support scaling up the usage of multi bank API solutions.