Page 26 - Banking Finance January 2018

PRESS RELEASE

YONO - India’s first lifestyle and banking digital platform from SBI

State Bank of India (SBI) is set to launch India’s first get overdraft facility against fixed deposit
comprehensive digital service platform YONO, acronym for
have one view of their banking and financial portfolio
“You Only Need One”. This will be an integrated Omni-
of SBI Group companies
channel digital platform that offers just about everything
related to financial services and lifestyle products / services benefit from intelligent spend analyser
will be launched at the hands of the Union Minister for utilise conversational banking guide through “Chat bot”.
Finance and Corporate Affairs, Shri. Arun Jaitley in Delhi on
YONO will be the first digital banking platform to offer
24th November 2017.
customized products and offers from over 60 e-commerce
In addition to an array of banking & financial services, players by leveraging analytics. This will also be the first to
YONO will also allow customers to meet their lifestyle needs offer online purchase and view of insurance policies within
across 14 categories including booking & renting cabs, the portal, without redirecting customer to respective
entertainment, dining experience, travel & stay, medical service provider, and to seamlessly access and purchase of
needs and so on. The bank has partnered with over 60 E- investment products.
commerce players to provide customized offers and YONO can be accessed through mobile phones, both android
discounts to customers. Some of the key e-commerce
and iOS, and on the web through a browser, and allows a
partners include Amazon, Uber, Ola, Myntra, Jabong,
seamless omni-channel customer experience.
Shoppers Stop, Cox & Kings, Thomas Cook, Yatra, Airbnb,
Swiggy and Byjus, among others. On the occasion of this historic launch Mr. Rajnish Kumar,
Chairman, SBI said “India is going digital at an
YONO is a path breaking comprehensive digital product
unprecedented pace and we at SBI have been taking
from SBI developed using the world’s latest digital
significant strides in the digital banking space. With the
technologies such as Artificial Intelligence, Predictive
launch of YONO, customers will be able to seamlessly access
Analytics and Machine Learning and can be accessed
lifestyle offerings and financial services with a single user id
through a mobile application and web portal. With YONO,
and password. The portal has been designed to offer
customers can:
maximum customer convenience where each journey has
open an SBI bank account digitally in less than five
been designed with minimum possible clicks with easy to
minutes
understand descriptions. We believe this app will help us
transfer funds in just four clicks increase engagement with our customers and enhance their
avail of pre-approved personal loan sans any paperwork banking.”

United Bank of India receives the 1st

Prize for Roof Garden Competition

i. e. Terrace Garden under Category -

Area upto 800 sq. m. for Summer

Garden by The Agri-Horticultural
Society of India for the year 2017

United Bank of India has been awarded the 1st Prize for Roof Garden Competition i. e. Terrace Garden under Category
- Area upto 800 sq. m. for Summer Garden by The Agri-Horticultural Society of India for the year 2017. The Head Office
Building boasts of brilliantly manicured Open-Air Terrace Gardens which adds to its beauty and grandeur. Premises
Department being felicitated by the MD & CEO and ED of the Bank.

26 | 2018 | JANUARY | BANKING FINANCE

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