Yes Bank has announced a partnership with Microsoft to create a next-generation mobile banking app that will provide customers with a personalized banking experience. The app, which will be built using Microsoft’s Azure platform, will offer customers a range of services such as online payments, shopping, rewards, offers, and customized dashboards in addition to traditional banking functions. The app will be built using a cloud-native approach and will run on Microsoft’s enterprise-grade cloud platform, enabling Yes Bank to scale up various services by bringing merchants and ecosystem partners onto a common platform. This will allow the bank to meet the diverse financial needs of its customers across a range of areas such as loans, payments, deposits, investments, and cards.
According to Mr. Prashant Kumar, the CEO of Yes Bank, the bank has always been at the forefront of leveraging technology to provide its customers with a differentiated banking experience. The partnership with Microsoft is a continuation of this effort, as the bank looks forward to co-creating a proposition that will allow customers to easily transact and access a range of services on a single platform. The bank believes that this proposition will provide the right balance of convenience and flexibility while being secure within the networks of both Yes Bank and Microsoft.
According to Mr. Anant Maheshwari, the President of Microsoft India, Yes Bank has been actively embracing the shift from traditional banking to creating personalized, technology-driven customer experiences. Microsoft is excited to collaborate with Yes Bank on their digital transformation efforts, and is providing the bank with the secure and resilient Azure platform to help them build new experiences for their customers.
Due to this news today Yes Bank share closed at ₹22.10 with a gain of 2.08%.
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