Yes Bank has entered in an MoU with T-Hub, a partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. The MoU is aimed at enabling Indian start-ups across segments; with primary focus towards financial technology space. As per the agreement, Yes Bank and T-Hub would set up a World Class Centre of Excellence (CoE) for fintech start-ups at T-Hub. This association will help create a conducive business environment and support system for a large number of fintech start-ups. In addition, Yes Bank will offer its various products and payment gateways and open APIs to the start-up community. Yes Bank digital banking senior president and country head Ritesh Pai said currently India 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. He said Yes Bank is happy to mentor the fintech start-ups by offering subject matter expertise, intelligence and knowledge driven financial solutions. Apart from fintech, the bank will also work closely with start-ups in segments such as agri-tech, healthcare, e-commerce, loT etc, he said.
