YES Bank-FINTECH business accelerator launched in Telangana

YES Bank-FINTECH business accelerator launched in Telangana

Posted by P. Charitha on January 18th 2017

Yes Bank today has launched Yes Fintech- a business accelerator program in collaboration with T-Hub - a start-up incubator in Telangana and Anthill - a speed scaling platform for early growth stage start-ups in Hyderabad.
 
YES Bank, India’s fifth largest private sector bank, signed a Memorandum of Understanding (MoU) with T-Hub, in April 2016 to help enable the Indian start-ups with a primary focus towards Financial Technology (FinTech) space.
As per the agreement, YES BANK and T-Hub would be setting up a World Class Centre of Excellence (CoE) for FinTech startups at T-Hub which -: 
 
Will provide an open environment for startups to innovate.
Will allow to build on its APIs to conduct internal tests to the startups to commence operations effortlessly
Will ensure the project complies with applicable banking laws, rules and regulations – KYC, AML/PML
Will offer its various products, payment gateways and other business enablers ; as relevant; to assist the on-boarded start-ups to commence operations easily
Will offer quick proof of concept option to the on-boarded start-ups to prove their business and technology models.
Will provide investment banking advisory support to start-ups who wish to raise money and scale their business
Will work with corporates/partners including Govt. in this space to create impact in its sector.
Will explore partnership with a private or govt. entity based on common goals, synergy and which helps in furthering the innovation quotient under the Centre of Excellence.
 
Yes Bank has been collaborating with and supporting over 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 (ART) approach to digitised banking. Yes Fintech Accelerator will 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 and treasury space.
 
Yes Fintech is inviting applications from across the global community, till February 3rd 2017 on its website and the top 12 selected start-ups will get to enrol in anintensive 15 week dual-destination program (based in Mumbai & Hyderabad) which will provide startups mentorship, business model guidance, customized scale up plan and access to a global network of investors and VCs besides a plethora of other benefits.                         For more details and registrations visit http://www.yesfintech.com/

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