Mumbai, March 15, 2017: YES BANK, India’s fifth-largest private sector bank, has been adjudged the Best Bank in Asia Pacific for Payments and Collections by Global Finance, a leading international business magazine headquartered in New York.
Global Finance released the rankings for its seventeenth annual Best Treasury and Cash Management Banks and Providers and YES BANK was declared winner after a multi-tiered assessment process, which included a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research, to select the best providers of treasury and cash management services.
Global Finance assessed YES BANK on both subjective and objective criteria, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which the bank has successfully differentiated itself from its competitors around core service provision.
Asit Oberoi, Group President and Global Head, Transaction Banking, YES BANK said, “This award reaffirms YES BANK’s position as a leading service provider for transaction banking services. We aim to digitize the financial supply chain of our clients with newer technology-led innovations. In many ways, digital is another term for business transformation because it’s at the heart of the business and a reflection that you can actually change the life of a customer. The enhancement of the client experience just takes things to the next level.”
Under YES TRANSACT: Digital Working Capital, a comprehensive transaction banking product suite,
YES BANK has launched several new digital products and services, including API Banking (enabling banking directly from the clients’ ERP), On the Go (Mobile banking for businesses), InvoicExpress (electronic invoice payment, presentment and collections), B2B UPI Merchant Integration, and Vendor Financing on Blockchain.
In order to innovate and create new age banking services, YES BANK has also launched YES FINTECH, a business accelerator through which the bank is partnering with Fintechs in order to create new product innovation in Trade Finance, Cash Management, Treasury, Capital Markets and several other areas of corporate banking.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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