YES BANK Launches Frictionless Finance Accelerator for Fintech Growth
On National Startup Day, YES BANK collaborated with Reserve Bank Innovation Hub (RBIH) and S.P. Jain Institute of Management and Research (SPJIMR) to announce the Frictionless Finance Accelerator Programme to promote fintech innovation and spur financial inclusion in India.
The initiative is designed to empower fintech startups by addressing key challenges, scaling innovations, and enhancing the reach of financial services. Through this accelerator, YES BANK aims to build a collaborative ecosystem that nurtures groundbreaking solutions for the financial sector.
According to Prashant Kumar, Managing Director and CEO, YES BANK: India is emerging as the third-largest startup ecosystem in the world. Fintech startups are front and center in this transformation, and at YES BANK, we're committed to helping this growth happen through programs like the Frictionless Finance Accelerator, helping startups solve real-world problems and create scalable solutions.
A large number of supports will be offered to the participating startups from RBIH's expertise, SPJIMR's academic resources, and YES BANK's industry insights. The emphasis will be placed on technology-driven solutions, including digital lending, AI-powered risk management, blockchain payments, and enhancing financial inclusion.
This collaborative ecosystem will comprise fintechs, regulators, and industry leaders that come together to grow and innovate in the financial space. It will give guidance on regulatory matters and business model optimization for startups through the platforms like YES Connect.
For ages, YES BANK has been on the side of the startups as it has many initiatives like HeadStartup, YES Connect, and digital platforms- IRIS Biz, SmartFin. Its recently formed alliance with Vegapay for the new Credit Line on UPI highlights the commitment in providing customized solution to emerging business.
"This tie-up will let startups redefine their take on financial access and contribute positively to India's economic growth", said Dean SPJIMR, Dr. Varun Nagaraj.
Rajesh Bansal, CEO RBIH said, "The accelerator program is a testament to our commitment to empowering entrepreneurs and shaping India's future financial ecosystem".
YES BANK continues to innovate in retail, MSME, and corporate sectors, with a focus on digital solutions and customer-centric growth.
