Yes Bank, GIFT City tie-up to support fintech industry
ECONOMY & POLICY

Yes Bank, GIFT City tie-up to support fintech industry

A memorandum of understanding (MoU) was signed by Yes Bank and GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), to boost GIFT City's fintech ecosystem. In Gandhinagar, Gujarat, the MoU was signed by Prashant Kumar, MD of Yes Bank, and Tapan Ray, Group CEO of GIFT City.

According to the terms of the Memorandum of Understanding, GIFT City and Yes Bank will support fintech innovation and a fintech accelerator for fostering, advancing, and assisting fintech firms. The MoU also calls for GIFT City to be promoted as an international financial services centre, as well as for young fintech innovators to be made aware of opportunities in India.

Together, GIFT City and Yes Bank will organise roadshows, seminars, information series, webinars, and/or conferences to spread the word about the fintech regulations in GIFT City and to position the city as India's fintech centre for startups and new market players.

As part of their collaboration, GIFT City and Yes Bank will also develop and implement innovation and entrepreneurial programmes like boot camps, hackathons, and incubation and acceleration in the fintech industry, with a particular emphasis on areas like payments, lending, financial planning, insurance technology, regulatory technology, wealth management, and trade processing, among others.

Also read:
Odisha to get cyclone-resistant saline embankment
ICICI Bank to raise Rs 100 bn via infra bonds


A memorandum of understanding (MoU) was signed by Yes Bank and GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), to boost GIFT City's fintech ecosystem. In Gandhinagar, Gujarat, the MoU was signed by Prashant Kumar, MD of Yes Bank, and Tapan Ray, Group CEO of GIFT City. According to the terms of the Memorandum of Understanding, GIFT City and Yes Bank will support fintech innovation and a fintech accelerator for fostering, advancing, and assisting fintech firms. The MoU also calls for GIFT City to be promoted as an international financial services centre, as well as for young fintech innovators to be made aware of opportunities in India. Together, GIFT City and Yes Bank will organise roadshows, seminars, information series, webinars, and/or conferences to spread the word about the fintech regulations in GIFT City and to position the city as India's fintech centre for startups and new market players. As part of their collaboration, GIFT City and Yes Bank will also develop and implement innovation and entrepreneurial programmes like boot camps, hackathons, and incubation and acceleration in the fintech industry, with a particular emphasis on areas like payments, lending, financial planning, insurance technology, regulatory technology, wealth management, and trade processing, among others. Also read: Odisha to get cyclone-resistant saline embankment ICICI Bank to raise Rs 100 bn via infra bonds

Next Story
Real Estate

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Next Story
Infrastructure Transport

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Next Story
Infrastructure Urban

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?