- YES BANK is the first Indian bank to launch ‘Application Programming Interface’ (API) banking services, enabling businesses to bank directly from their systems
Mumbai, January 24, 2017: YES BANK, India’s fifth largest private sector Bank, has won the award for ‘API Banking’ innovation at the FinTec India Conference & Awards, held at the National Stock Exchange (NSE), in Mumbai. Structured to cover a spectrum of issues across the BFSI sector, the one-day FinTec India Conference & Awards was aimed at facilitating partnerships between technology solutions providers and BFSI companies.
YES BANK is the first bank in India to launch API banking solutions. Through this innovative solution, the Bank has enabled multichannel merchant payments, instant refund for Indian online marketplace, instant loan disbursement for customers with or without bank accounts, automation of foreign inward remittance and has provided safe and secure access to the Bank’s systems directly from the customer’s applications.
“At YES BANK, technology and innovation are critical mission pillars, coupled with our emphasis on knowledge banking. It is our constant endeavor to digitally transform the banking experience for businesses. The API Banking platform enables corporates to interact with the Bank directly from their ERP, providing reliable, real time and secured access to bank’s systems and processes,” says Anup Purohit, Chief Information Officer (CIO), YES BANK.
API allows clients to access the bank’s transaction processing services from their ERP (enterprise resource planning) environment.
Fintec India aims to expedite the objectives of the BFSI sector at large by facilitating an open platform for all stakeholders to explore, share and revisit banking and financial technology.
Anup Purohit, Senior President & Chief Information Officer, YES BANK (L), along with Rajendra Mhalsekar, President, Business and Digital Technology Solutions Group, YES BANK (R) receiving the Award for the BANK at the FinTec India Awards in NSE, Mumbai.
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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