YES BANK to kickstart second cohort of its fintech startups program

YES BANK, India’s fifth largest private sector bank, is calling for applications from Fintech startups across the world for the second cohort of its Accelerator Program YES FINTECH.

The bank has created a network of more than 20 global startup ecosystems and will assist fintech start-ups with product guidance, wide access to global audience and accelerated joint go to-market within 15 weeks.

The accelerator will help startups tackle two of their biggest challenges – growth and scale. Since both require a substantial amount of time, value and resources, a distribution channel like YES BANK could help them achieve these more easily.

Apart from the benefits for the selected startups, the idea of co-creation and co-innovation is one of the key drivers for the programme.

Facilities under YES FINTECH:

• Zero upfront equity commitment to YES FINTECH with 1 million USD funding option available to startups via VC Partners
• Access to 100+ Yes Bank APIs and mentorship from global sectorial experts
• Accelerated go-to-market to YES BANK’s 2 million + retail and 10,000 corporate clients within 15 weeks
• Exclusive international exchange immersion programs for selected start-ups; opportunity to visit respective markets to understand local Fintech landscape and enable market entry.

YES BANK has partnered with entities across US, UK, Europe, S.E Asia, Middle East including Bahrain and Israel among others.

Israel-based OurCrowd, US-based QC Fintech, Malaysia's MaGIC, Singapore-based Lattice 80 , Holland Fintech, Innovation Center of Denmark, Abu Dhabi Global Markets and Finland-based Nestholma have join hands with YES BANK.

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"YES BANK has identified its key focus areas as part of its digital transformation journey which includes Blockchain, Behavior based cyber security, AI and ML, Big data analytics and biometrics across front, mid and back-end operations of the bank," said Rana Kapoor, Managing Director & CEO, YES BANK.

Earlier in March 2017, YES FINTECH had announced 12 startups, who set to join its inaugural cohort, which had seen 750+ fintechs from 18 countries apply to the program.

The Accelerator had been set up in collaboration with T Hub - India's fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill Ventures. LetsTalkPayments, a global platform for financial technology (Fintech) insights was the Knowledge partner. The application closing date is on Oct 7.

To apply click here