Page 24 - Banking Finance March 2019

PRESS RELEASE

Yes Bank wins Multiple Accolades for Excellence at The Indian Banks’

Association Banking Technology Innovation Awards 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, Mr. 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
Mr. Ajai Kumar, Interim MD & CEO, YES BANK (second been ahead of the curve, in creating simple solutions and a robust
from left) and Mr. Anup Purohit, Chief Information ecosystem for our clients to maximize their business potential and
Officer, YES BANK (fourth from left) receiving the awards improve quality of lives for the masses, especially around financial
at the IBA Banking Technology Innovation Awards 2019 inclusion, civic betterment and technologically empowering
in Mumbai on 20th February, 2019 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 Mr. 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.

24 | 2019 | MARCH | BANKING FINANCE