Hyderabad: YES Bank, India’s fifth-largest private sector bank, on Monday said it will set up a centre of excellence for start-ups in financial technology space at T-Hub, a technology incubator set up by Telangana government in partnership with three premier academic institutes.
YES Bank on Monday signed an MoU with T-Hub in this regard.
This association will help create a conducive business environment and support system for a large number of FinTech startups. In addition, YES Bank will offer its various products and payment gateways and open APIs (application programme interface) to the start-up community, it said in a statement.
The bank’s senior president and country head, digital banking, Ritesh Pai said they had been in the forefront of revolutionizing the Indian FinTech startup segment.
CISCO and ParadigmIT will also set up smart cities centre of excellence at T-Hub. They will set up a PoC of smart parking and smart lighting solutions. The two companies will work with companies and startups in developing innovative solutions using Internet of Things.
Yes Bank, CISCO and ParadigmIT were among different companies which signed MoUs with the Telangana government, and its arms T-Hub and Telangana Academy for Skill and Knowledge (TASK) at the launch of state’s new Information and Communication Technology policy and four other subsidiary policies.
HPE will set up its innovation centre/lab infrastructure to develop, test and pilot innovative technology enabled ideas at T-Hub.
Internet & Mobile Association of India (IAMAI) also signed MoU with T-Hub to set up Mobile 10X hub, the largest capacity building and ecosystem enabling programme for mobile applications.
TalentSprint and T-Hub agreed to foster collaborative environment in bringing start-ups leverage the collective effort of both the organisations. InsideView also signed a similar MoU with T-Hub.
CISCO also signed a MoU with TASK to identify a pilot set of educational institutions, which will be provided web based curriculum and other teaching resources developed by CISCO.
Under another MoU, Microsoft India will offer Microsoft office Specialist certification programmes to educators and students at registered colleges of TASK.
ICICI Foundation and TASK also agreed to explore collaboration for increasing employment potential by enabling supply of skilled manpower in the desired sector.
University of Cambridge will collaborate with TASK for enhancing English language skills for faculty and students of engineering colleges.