Adjudged best among Global Accelerators for promoting innovation
- YES BANK’s Fintech Accelerator YES FINTECH was adjudged best in the industry among several corporate and other seed accelerators globally, for promoting innovation and disruption
- YES FINTECH was the only Indian accelerator to receive the award along with Kickstart Accelerator of Switzerland
- Fintech Valley Vizag and SuperCharger, Hong Kong were also among other major global accelerators nominated for the award
Mumbai, November 22, 2017: YES BANK’s Fintech Accelerator YES FINTECH won the “Accelerator of the Year” Award at the India FinTech Awards (IFTA) 2017. The award was jointly won along with Kickstart Accelerator, Switzerland.
The India FinTech Awards (IFTA), organized by India FinTech Forum is a platform to celebrate and recognize the best innovations from fintech companies. As a part of the process, Fintech firms get a chance to showcase their disruptive products and engage a curated audience of investors, bankers, entrepreneurs, media and corporate leaders.
The jury comprised of senior officials from global fintech ecosystems and apex financial regulatory bodies of India like R Gandhi, Former Deputy Governor, RBI, Fabian Vandenreydt, Executive Chairman, B-Hive Europe, Ananta Barua, Executive Director, SEBI, Mavila N Nair, Chairman, CIBIL, N K Prasad, Group CEO, CAMS and Srinivas Jain, Executive Director & CMO, SBI Mutual Funds. At IFTA 2017, the evaluation and judging process was managed by Ernst & Young and Let’s Talk Payments.
YES FINTECH – YES BANK’s Innovation Program for Fintech Start-ups has created a network of 20+ global startup ecosystems expanding its network across US, UK, Europe, S.E Asia, Middle East including Israel among others key strategic fintech markets. The Innovation Programme assists fintech start-ups with product-market-fit guidance, wide access to global audience and accelerated joint go to-market within 15 weeks.
The Summer Cohort of YES FINTECH which concluded in July had ten graduating Fintechs including two global Fintechs from Israel and Singapore. Five of the ten Fintech are already integrating their solutions with the bank while 4 complete their Proof-of-concepts (PoCs).
The Autumn Cohort of YES FINTECH, closed its application process in the first week of November and will primarily focus on Lending including alternative lending, Digital Payments, Real time data analytics, Cybersecurity, Big data & Analytics, Process Automation, Smart Decisioning, Digital Banking, Wealthtech and Investech. 35 startups selected from 495 applicants including 162 global applications, will present to the YES FINTECH team early next week of which 10 would be selected for the program launching in early December.
Over the 15 weeks of the program, these startups will co-create solutions with YES BANK and jointly with the bank will take their solutions to market.
Continuing its efforts towards building a strong Fintech ecosystem, YES BANK recently announced the launch of India Fintech Opportunities Review, first comprehensive survey spanning Fintech start-up ecosystem in India and in key markets world-over. India Fintech Opportunities Review’s debut survey aims to map various elements that comprise successful development of a major Global Fintech Hub. The survey which is a research initiative of
YES FINTECH will cover more than 500 Fintechs world-over.
India FinTech Forum is a non-profit initiative that offers a platform for fintech companies to collaborate and voice their opinions on the relevant policy issues. Around 90 fintech companies, who are members of this forum, are dedicated to enhancing the ecosystem to ensure that India leads the global fintech innovation wave. India FinTech Forum is also a member of Global FinTech Hubs Federation (GFHF) and represents the Indian fintech sector.
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 28 states and 9 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/