YES BANK, in partnership with the Reserve Bank Innovation Hub (RBIH) and S.P. Jain Institute of Management and Research (SPJIMR), has announced the Frictionless Finance Accelerator Programme to tackle significant challenges faced by fintech startups, assist in scaling their innovations, and promote financial inclusion.
At the National Startup Day, India’s startup landscape is flourishing, featuring over 150,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) and more than 100 unicorns.
Fintech plays a crucial role in this growth, transforming access to financial services and empowering small and medium enterprises (SMEs). YES BANK is positioned as a key catalyst for innovation and collaboration within this vibrant sector through this Frictionless Finance Accelerator.
Frictionless Finance Accelerator provides a comprehensive support system that focuses on emerging technologies, provides guidance on regulatory and business frameworks, and Builds a collaborative ecosystem for fintech companies.
Mr. Prashant Kumar, Managing Director & CEO of YES BANK, said, “India has emerged as the third-largest startup ecosystem globally, and fintech startups are at the forefront of this transformation. The world is changing fast, and the future is one of interconnectedness powered by technologies that once seemed impossible. At YES BANK, we are committed to supporting this growth through initiatives like the Frictionless Finance Accelerator, which helps startups address real-world challenges and build scalable solutions.”
YES BANK firmly supports startups, mainly in the fintech sector, via programs like YES Head Startup and digital platforms such as IRIS Biz, YES Connect, and SmartFin.
Also Read: Akshaya Bhargava appointed as Board Chairman of Bank of IrelandDr. Varun Nagaraj, Dean, S.P. Jain Institute of Management and Research, emphasized the value of collaboration for responsible innovation, stating, “We appreciate the support provided by RBIH and YES BANK to launch the first Frictionless Finance Accelerator. At SPJIMR, through our WISE Tech initiative, we champion responsible innovation that blends cutting-edge technology with inclusivity and ethics. This partnership will enable start-ups to address challenges, redefine financial accessibility, and contribute to India’s growth. Together, we are shaping a seamless and secure financial culture.”
Mr. Rajesh Bansal, CEO of Reserve Bank Innovation Hub, shared his vision and stated, “Our mission of enabling ‘Frictionless Finance for a Billion Indians’ is deeply rooted in fostering innovation and entrepreneurship. This accelerator program is a testament to our commitment to empowering entrepreneurs by providing access to world-class mentorship, facilitating connections with banks, and enabling them to create pathways for transformative growth that will shape the future of India’s financial ecosystem.”
