Yes Bank has today announced the launch of YES FINTECH – a unique business accelerator program in collaboration with T-Hub and Anthill. The business accelerator is now inviting applications from across the global community, till February 3, 2017 on its website www.yesfintech.com.
The top 12 selected start-ups will finally enroll in a 15 week dual destination program, split between Mumbai and Hyderabad.
Commenting on this, Mr. Rana Kapoor, MD & CEO, YES BANK said,
YES FINTECH Accelerator takes this philosophy forward and provides start-ups a platform for creating sustainable and market ready products. This is a truly one of a kind program which provides all start-ups in the program with access to YES BANK’s digital banking infrastructure as well as our robust customer network, while requiring zero upfront equity commitment from start-ups.
Jay Krishnan, who is the Chief Executive at T-Hub, said,
It gives us immense pleasure to enter into a strategic partnership with YES Bank, Anthill and Let’s Talk Payments as we launch the YES FINTECH Accelerator program. This will be a great opportunity for participating start-ups to scale and take their business to the next level.
YES BANK has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its Corporate, SME and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to Digitized Banking.
With this accelerator program, the bank hopes to further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, MSME focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and Forex & Treasury space. Another major advantage which startups could leverage form such a business accelerator, is the fact that they get a chance to co-create innovative solutions for YES Bank’s customers, while also giving them access to expert mentors, a global network of investors and VCs and guidance on ways to scale up their venture.
In this 15 week multi-mode dual location program, YES FINTECH will select start-ups from around the world in order to support and nurture disruptive solutions in Financial services delivery, create scalable business and deploy innovative technologies within a collaborative framework.
It will also integrate such technologies into the Bank’s ecosystem by providing digital infrastructure support such as API Banking, BIN Sponsorship, etc., along with access to funding (through the Bank/ its network of Investors, across PE/ VCs and advisory on Go-To-Market strategies and market penetration.