Mumbai: YES Bank has announced a partnership with Microsoft to develop a next-generation mobile application (app) offering a personalised banking experience to customers. Under this tie-up, the private bank will leverage the Microsoft Azure platform to build the app which will offer customers – a host of services such as online payments, shopping, rewards, and offers, as well as customised dashboards, in addition to traditional banking functions.
Using a cloud-native approach, the all-new app will run on Microsoft’s enterprise-grade cloud platform and will support the private bank in scaling up various services by bringing merchants and ecosystem partners onto a common platform. This will empower it to cater to the diverse financial needs of customers across loans, payments, deposits, investments, cards and more.
“We, at YES Bank, have always been in the forefront of leveraging technology to bring forth solutions that provide a differentiated banking experience. Our partnership with Microsoft is a testament to this effort, as we look forward to co-creating a proposition that will offer customers with the benefit of transacting, as well as undertaking a host of other activities on a common platform,” said Prashant Kumar, YES Bank’s MD and CEO.
“We believe, the proposition will bring in the right mix of convenience and flexibility while being within the realms of a highly secured network of both the bank and Microsoft,” added Kumar.
“We are excited to collaborate with YES Bank on their digital transformation efforts,” Anand Maheshwari, President of Microsoft India commented on the collaboration.
“Microsoft Azure enables the bank with secure and resilient architecture that helps them build new experiences for their customers,” added Maheshwari.