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On the occasion of National Startup Day, YES BANK, in collaboration with the Reserve Bank Innovation Hub (RBIH) and SP Jain Institute of Management and Research (SPJIMR), launched the Frictionless Finance Accelerator program.
The initiative is designed to enable fintech startups to address key challenges, scale innovations and improve financial inclusion.
Through this accelerator, YES BANK aims to nurture cutting-edge solutions and build a collaborative ecosystem.
Prashant Kumar, Managing Director and CEO, YES BANK, said, “India has become the third largest startup ecosystem in the world, and fintech startups are at the forefront of this transformation. At YES BANK, we are committed to supporting this growth through initiatives. like Frictionless Finance Accelerator, which helps startups tackle real-world challenges and create scalable solutions.
Program Highlights
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Comprehensive Startup Support: Participating startups will benefit from the expertise of RBIH, the academic resources of SPJIMR and the industry knowledge of YES BANK.
- Technology Focus: Solutions in digital lending, AI-based risk management, blockchain payments and financial inclusion are prioritized.
- Regulatory and business advice: Platforms like YES Connect help startups adapt to regulations, optimize their business models, and leverage digital infrastructure.
- Collaborative ecosystem: Partnerships between fintechs, regulators and industry leaders drive growth and innovation.
YES BANK has always supported startups through initiatives such as YES HeadStartup and digital platforms such as IRIS Biz, YES Connect and SmartFin. Recent collaborations, such as its partnership with Vegapay to launch Credit Line on UPI, demonstrate the bank’s commitment to co-creating startup-friendly solutions.
Dr Varun Nagaraj, Dean, SPJIMR, said, “This partnership will enable start-ups to address challenges, redefine affordability and contribute to India’s growth. Together, we shape a transparent and secure financial culture.
Rajesh Bansal, CEO, Reserve Bank Innovation Hub, added, “Our mission to enable ‘frictionless finance for a billion Indians’ is deeply rooted in promoting innovation and entrepreneurship. This accelerator program demonstrates our commitment to empowering entrepreneurs by providing access to world-class mentorship, facilitating connections with banks and enabling them to create transformative growth pathways that will shape the future of the financial ecosystem Indian.
Headquartered in Mumbai, YES BANK offers a comprehensive range of financial products and services, driving innovation across the retail, MSME and corporate sectors, with a strong focus on digital solutions and customer-centric growth. the customer.