Yes Bank ties up with Centre Denmark India for fintech collaboration

MUMBAI: Private sector lender Yes Bank has signed a Memorandum of Understanding (MoU) with Innovation Centre Denmark India (ICDK India), a partnership between the Ministry of Foreign Affairs of Denmark and the Danish Ministry of Higher Education and Science to bring fintech innovations and startups from Denmark to India, and facilitate entry of Indian startups to the region.

The partnership aims to build bridges to promote innovation and assist fintech companies in India and Denmark to expand into each other’s markets.

The partnership will help create an Indo-Denmark fintech bridge for creating market access opportunities for startups in Denmark and India, providing technology & infrastructure access and facilitating an exchange program for startups in India and Denmark to understand respective markets.

“Denmark is ranked no 1 in the Global Innovation Index and in the past one year has established itself as a Global Fintech Hub through initiatives like Copenhagen Fintech. India has also prioritized Fintech as a Key enabler of competitive advantage and I firmly believe that this alliance will further boost the efforts to establish Mumbai as a Fintech Hub and create a borderless ecosystem for future technologies,” said Rana Kapoor, chief executive officer of Yes Bank.