Report unveiled by Mr. Rana Kapoor, MD&CEO YES BANK and Mr. Saurabh Srivastava, Co-Founder & Past Chairman, NASSCOM
Mumbai, February 10, 2016: YES BANK, India’s 5th largest private sector Bank and NASSCOM unveiled a Knowledge Report on ‘Digitizing Transaction Banking’ at the NASSCOM India Leadership Forum 2016. The report was unveiled by Mr. Rana Kapoor, MD&CEO, YES BANK and Mr. Saurabh Srivastava, Co-Founder and Past Chairman of NASSCOM. Mr. Rana Kapoor was also the opening keynote speaker on the NASSCOM session on ‘Payments, Mobile and the Future of Money’ alongside Jim McKelvey, Co-Founder of Square, a leading global Payments company.
Speaking about the report, Mr. Rana Kapoor, MD&CEO, YES BANK said, “While there are significant developments in the B2C payments, the B2B payments landscape is also undergoing a tectonic shift with the influx of new financial technologies revolutionizing the way banking services are offered to corporate and retail customers. YES BANK is proud to partner NASSCOM for this joint knowledge report which highlights the key opportunities of Digitization and also focuses on innovative disruptions like API Banking which are improving and enhancing the Financial Supply Chains of Indian corporates.”
The report highlights the impact of Digitization and technological disruptions on the Transaction Banking services offered by various Banks. The Banking & Financial Services industry, a lynchpin of the Indian economy, too is experiencing technology-driven transformation through disruptive innovations in products and services, caused by the entry of non-traditional players, making digital banking an inevitable business trend. API Banking is one key trend identified which will radically alter banking paradigms and help corporate bring in huge efficiencies in their value chain.
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.
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