Yes Bank, T-Hub in pact
Yes Bank on Monday signed a Memorandum of Understanding with T-Hub that will enable the Indian startups across segments; with primary focus towards Financial Technology (FinTech) space.
Hyderabad: Yes Bank on Monday signed a Memorandum of Understanding with T-Hub that will enable the Indian startups across segments; with primary focus towards Financial Technology (FinTech) space.
The MoU is a unique public/private partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders.
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. This association will help create a conducive business environment and support system for a large number of FinTech startups. In addition, Yes Bank will offer its various products and payment gateways and open APIs to the startup community.
Speaking on the association, Ritesh Pai, senior president and country head, digital banking, Yes Bank said “Yes Bank has been in the forefront of revolutionising the Indian FinTech startup segment. Currently, our nation holds a range of innovative FinTech startups that are working in areas such as payment processing with an eye to reduce frauds, create newer channels for savings and investments, financial planning, analytics amongst others, which are superior enablers of the large Indian banking industry. We are also happy to mentor the FinTech startups by offering subject matter expertise, intelligence and knowledge driven financial solutions. Apart from FinTech, Yes Bank will also work closely with startups in segments such as Agri-Tech, Healthcare, e-Commerce, loT etc.”