YES BANK releases Knowledge Report on Digitizing Transaction Banking at NASSCOM India Leadership Forum 2016

Mumbai, February 10, 2016: YES BANK, India’s 5th largest private sector Bank and NASSCOM unveiled a Knowledge Report on ‘Digitizing Transaction Banking’ at the NASSCOM India Leadership Forum 2016. The report was unveiled by Mr.Rana Kapoor, MD&CEO, YES BANK and Mr.Saurabh Srivastava, Co-Founder and Past Chairman of NASSCOM. Mr.Rana Kapoor was also the opening keynote speaker on the NASSCOM session on ‘Payments, Mobile and the Future of Money’alongside Jim McKelvey, Co-Founder of Square, a leading global Payments company.
Speaking about the report, Mr. Rana Kapoor, MD&CEO, YES BANK said, “While there are significant developments in the B2C payments, the B2B payments landscape is also undergoing a tectonic shift with the influx of new financial technologies revolutionizing the way banking services are offered to corporate and retail customers. YES BANK is proud to partner NASSCOM for this joint knowledge report which highlights the key opportunities of Digitization and also focuses on innovative disruptions like API Banking which are improving and enhancing the Financial Supply Chains of Indian corporates.”
The report highlights the impact of Digitization and technological disruptions on the Transaction Banking services offered by various Banks. The Banking & Financial Services industry, a lynchpin of the Indian economy, too is experiencing technology-driven transformation through disruptive innovations in products and services, caused by the entry of non-traditional players, making digital banking an inevitable business trend. API Banking is one key trend identified which will radically alter banking paradigms and help corporate bring in huge efficiencies in their value chain.