Yes Bank said it has launched ‘Yes Fintech’, a business accelerator program in collaboration with T-Hub, a startup incubator set up by the Telangana government and Anthill – a speed scaling platform for early growth stage start-ups.

‘Yes Fintech’ is inviting applications from across the global community, till February 3 on its website and the top 12 selected start-ups will finally enrol in a 15 week dual destination program, split between Mumbai and Hyderabad, a release issued by the bank said.

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, it said.

“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,” said the release.

Rana Kapoor, MD and CEO, Yes Bank said, the financial services industry is on the cusp of a digital revolution and financial technology start-ups are leading this change. “Yes Bank has been actively collaborating with fintech start-ups through its ART model to provide innovative banking solutions to the customers,” Kapoor added.

“Yes Fintech Accelerator takes this philosophy forward and provides start-ups a platform for creating sustainable and market ready products,” he said.

Source: Money Control