What's the news?
Afthonia Lab has partnered with YES BANK to helps its portfolio startups develop their APIs in a sandbox environment and test their solutions in real-time. The startups in Afthonia Lab's cohort will also be able to access mentors at YES BANK, and in exchange, help the bank digitise its processes.
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"As the (financial) industry is undergoing a paradigm shift, we believe partnerships and collaborations are critical in the digital-first era to remain ahead of the curve. We are committed to working with the most innovative technology providers and push the boundaries to provide customers with an improved digital experience," Ajay Rajan, Country Head - Transaction Banking, YES BANK, said in a press statement.