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YES BANK Launches Frictionless Finance Accelerator to Empower Fintech Startups

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Bengaluru: YES BANK, in collaboration with the Reserve Bank Innovation Hub (RBIH) and S.P. Jain Institute of Management and Research (SPJIMR), has announced the launch of the Frictionless Finance Accelerator Programme. This initiative, unveiled on National Startup Day, aims to support fintech startups in addressing critical challenges, scaling their innovations, and driving financial inclusion.

India’s startup ecosystem is thriving, with over 1.5 lakh Department for Promotion of Industry and Internal Trade (DPIIT) registered startups and more than 100 unicorns. Fintech, a key pillar of this growth, is redefining access to financial services and enabling small businesses to thrive. With this accelerator, YES BANK reinforces its role as a catalyst for innovation and collaboration in this dynamic sector.

Key Features of the Frictionless Finance Accelerator, include :

1.      Support System for Startups: Startups gain access to expertise from RBIH, academic resources from SPJIMR, and YES BANK’s industry knowledge.

2.      Focus on Emerging Technologies: The programme supports solutions in digital lending, AI-powered risk management, blockchain-based payments, and financial inclusion.

3.      Regulatory and Business Guidance: Platforms like YES Connect provide startups with tools to navigate regulatory frameworks, optimise business models, and leverage digital infrastructure.

4.      Collaborative Ecosystem: The programme builds partnerships between fintechs, industry leaders, and regulators to foster growth and innovation.

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