Mumbai, May 9, 2017: Anup Purohit, Senior President & Chief Information Officer, YES BANK, has been awarded the ‘CIO of the Year’ award for the second-year in a row at the BSE CIOKlub IT Awards 2017, held in Pune recently. Mr Purohit was recognized for successfully implementing multi-nodal Blockchain transaction to fully digitize vendor financing for Bajaj Electricals, in India. This is the 3rd Edition of the BSE-CIO KLUB IT Awards.
Through this award, the Bombay Stock Exchange (BSE) and CIO KLUB aims to recognize and honor CIOs who have set new benchmarks and have effectively used technology to improve business objectives. The idea is to identify and promote CIOs, who have used technology to build enterprise excellence, and have set examples by evolving in the dynamic world of IT, innovatively delivered business values and created competitive advantage.
On receiving the Award, Mr Purohit said: “I am humbled to receive such a prestigious award twice in a row. At YES BANK, technology and innovation have been critical mission pillars since inception. With innovations like API Banking and Blockchain, YES BANK is constantly pushing the boundaries of technology to create revolutionary Banking solutions for our corporate and retail customers.”
YES BANK’s vendor financing solution was implemented using a Blockchain-based smart contract written by fintech start-up Cateina Technologies. YES BANK is also working to enhance the digital experience of partners, corporate clients and developers by collaborating with them on the integrated Blockchain – API Banking platform.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. 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 29 states and 7 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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