YES Bank 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 startups. YES, Fintech has invited applications from across the global community till February 3 on its website and the top 12 selected startups will finally enroll in a 15-week dual destination program, split between Mumbai and Hyderabad, according to a statement. YES Bank has been collaborating with and supporting over 100 fintech startups in the country to provide innovative financial solutions to its corporate, SME and retail customer base, the statement 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, it added. Rana Kapoor, MD and CEO of the bank said the financial services industry is on the cusp of a digital revolution and financial technology start-ups are leading this change. Jay Krishnan, CEO, T-Hub, said the YES Fintech Accelerator program will be a great opportunity for participating startups to scale and take their business to the next level. T-Hub’s extensive reach in the startup ecosystem including academia and industry will benefit the program by not only bringing in the right startups but also by providing them with the necessary direction and mentorship to scale, he added.
