YES BANK wins at the IBS Banking Technology Innovation Awards

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YES Bank wins Best Technology Bank of the Year, Best use of Data & Analytics and Most Customer – Centric Bank using Technology

Mumbai, February 21, 2019: YES BANK, India’s fourth largest private sector bank, won multiple awards at the Indian Banks’ Association (IBA) Banking Technology Innovation Awards ceremony, held in Mumbai on 20th February, 2019. The Bank was recognised with the Best Technology Bank of the Year, Best use of Data & Analytics for Business Outcome and the Most Customer-Centric Bank using Technology Awards in the Medium Size Banks category, at the ceremony.

The aim of the IBA Banking Technology Innovation Awards is to recognize and reward banks, professionals and individuals, who have recorded significant technology and business benefits in the previous year.

Commenting on the development, Ajai Kumar, Interim MD & CEO, YES BANK, said “The Banking Technology Awards backed by an organization of tremendous repute like IBA is testament to YES BANK’s process, product and service innovations and accelerating these through pertinent digital interventions. In YES BANK’s 15 years of institutional excellence, the Bank has always been ahead of the curve, in creating simple solutions and a robust ecosystem for our clients to maximize their business potential and improve quality of lives for the masses, especially around financial inclusion, civic betterment and technologically empowering businesses.”

Since its inception, YES BANK has been actively implementing technology to provide superior products and services to its customers. YES BANK has differentiated itself by embracing world-class, state-of-the-art technology and various first mover innovations. The Bank has additionally adopted technology and international banking best practices in the area of governance frameworks to ensure that it provides the highest standards of service quality and operational excellence to customers.

YES BANK continues to strengthen its strategic partnerships with some of the best known IT majors globally, to develop innovative system features to improve process efficiencies and create sector-specific banking solutions.

YES BANK was previously also adjudged ‘Best Technology Bank Of The Year’ at IBA Banking Technology Awards in 2017. The IBA Banking Technology Innovation Awards are most sought after, and have set hitherto unmatched industry standards.

The idea is to recognize banks that constantly strive to innovate and stay ahead of competition, deploy the most innovative people, technologies and services. The Jury Chairman at the IBA Banking Technology Innovation Awards 2019 was R Sridharan, Managing Director of Clearing Corporation Of India Limited and the chief guest was Professor N. Balakrishnan, Department of Aerospace Engineering and Supercomputer Education Research Centre of Indian Institute of Science.

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