YES Bank has entered into a MoU with Innovation Centre Denmark India (ICDK India), a partnership between the ministry of foreign affairs of Denmark and the Danish ministry of higher education and science to bring fintech innovations and startups from Denmark to India and facilitate entry of Indian startups to the region. The partnership is expected to help create an Indo-Denmark fintech bridge for facilitating market access opportunities for startups in Denmark and India, providing technology and infrastructure access and facilitating an exchange program for startups in India and Denmark to understand respective markets. Rana Kapoor, MD and CEO of YES Bank, said Denmark is ranked No 1 in the Global Innovation Index and in the past one year has established itself as a Global Fintech Hub through initiatives like Copenhagen Fintech. India has also prioritized fintech as a key enabler of competitive advantage and this alliance will further boost the efforts to establish Mumbai as a fintech hub and create a borderless ecosystem for future technologies, he added.
