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YES Bank launches YES Transact – On the Go

Yes-Bank-Logo-7YES Bank launched YES Transact – On the Go, a unique digital working capital management solution that will enable decision makers to view and approve transaction requests even when they are travelling or are out of office. Targeting executives like CFOs, directors, finance heads and owners, who are pressed for time and availability, the application would now enable accounts/finance team to raise transaction requests via the desktop application in office which will then be transmitted to the executives’ hand held device. This solution would allow decisions to be made on the move, eliminating process bottlenecks due to unavailability of the decision makers and facilitating faster lead times. The bank said the solution significantly reduces TAT by 50%, completing a 2-3 hour offline process within an hour. The bank has acquired more than 200 clients, a mix of midsized corporates and SMEs, for the service. It plans to shift the existing client processes (which are mostly depended on email /fax) to this mobile banking application by year end and curb cyber risks by providing enhanced security measures.

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