Leading private sector lender Yes Bank has announced its second cohort for the bank’s innovation programme for fintech start-ups called Yes Fintech and called-in for applications.
“Innovate, Collaborate and Co-create with #YESFINTECH Accelerator. Apply now for the Autumn Cohort,” read a tweet on the official handle of Yes Bank.
The bank has created a network of 20 plus global start-up ecosystems and aims to assist fintech start-ups with product guidance, scale-up mentorship, access to 200 plus Application Programming Interfaces (APIs) and Unified Payment Interface Software Development Kit (UPI SDK) for testing, wide access to global audience and accelerated joint go to-market within 15 weeks.
“Yes Bank has identified its key focus areas as part of its digital transformation journey which includes Blockchain, behavior-based Cyber Security, AI and ML, Big Data Analytics and Biometrics across front, mid and back-end operations of the bank. We believe, the strategic integration of solutions into Yes Bank systems from the successfully graduated fintech start-ups of inaugural cohort of Yes Fintech, will give us substantial advantage in the market,” said Yes Bank Managing Director and CEO Rana Kapoor.
Innovate, Collaborate and Co-create with #YESFINTECH Accelerator. Apply now for the Autumn Cohort on https://t.co/AgvCiiwS5N. pic.twitter.com/T9xaZ00BAq
— YES BANK (@YESBANK) September 13, 2017
Under the accelerator, start-ups will also get access to funding of $1 million+ without any upfront equity commitment.
In order to attract the best tech advancement from across the globe, the private lender has build partnerships with entities across the United States, United Kingdom, Europe, Sout-East Asia, Middle-East including Bahrain and Israel, et al.
“Further, by inviting global partnerships we have opened the gates of cross-border innovations in fintech and expect this move to benefit the entire fintech space in India,” said Kapoor.
The applications for the Autumn Cohort of Yes Fintech will be accepted till October 17, followed by two-day pitching on October 24 and 25. The cohort will launch on November 13.
