YES BANK has signed a Memorandum of Understanding (MOU) with Cloud Ace India, a renowned cloud solutions provider. The agreement marks a significant milestone in YES BANK's commitment to promoting technology innovation and global digital transformation. It highlights the Bank's efforts to leverage advanced cloud technology and financial expertise to assist businesses, startups, and entrepreneurs. The objective is to enhance customer convenience and security through cloud technology and provide customized support to startups via YES Connect.

YES Connect is a groundbreaking platform that serves as a one-stop solution for both existing and potential YES Bank customers. It empowers users to access basic banking services, and also discover a wide array of solutions offered by the Bank and its esteemed partners. A fundamental element of this partnership revolves around the dedication to promoting innovation by delivering state-of-the-art cloud solutions and financial services. By merging Cloud Ace's proficiency in cloud infrastructure, backed by YES BANK's financial knowledge, the collaboration seeks to assist businesses in simplifying their processes, cutting expenses, and achieving efficient growth.

Speaking about the collaboration, Sanjiv Roy, Country Head - Fee-Based Products & Service Experience, YES BANK, said, "Through relentless efforts and collaborations with burgeoning fintech players, YES BANK has been taking ahead its mantle of being the banker of choice for the startup community. Through this tie-up with Cloud Ace India, we intend to offer cloud computing solutions to our customers, along with our suite of cutting-edge banking solutions. This partnership aligns with the vision statement of our YES Head Startup program. YES, Head Startup is a program curated for the flourishing startup ecosystem of the country. YES BANK aims to provide best-in-class solutions for business and personal banking needs of the startups, founders, and their employees".

Saburo Takahashi, MD, Accelerated Computing Enterprise (Cloud Ace India), said, "We are thrilled to partner with YES Bank, a technology-led bank. Together, we can provide comprehensive solutions that empower businesses to harness the full potential of cloud technology. This partnership is a testament to our commitment to driving digital transformation and innovation across industries in India".

The partnership between YES BANK and Cloud Ace India will bring numerous substantial advantages to the corporate and startup community. This includes access to state-of-the-art technology, improved financial service efficiency, expedited digital transformation support for startups, and enhanced data security, resulting in cost savings. YES BANK and Cloud Ace India are committed to strengthening their partnership through teamwork, knowledge exchange, and ongoing innovation. Together, they aim to create a thriving business environment for enterprises of all sizes.