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YES BANK has launched a new platform called 'YES Business', powered by IRIS Biz, to support and empower MSMEs and businesses.

Banking & Finance | Dated: 25 Dec 2024

In December 2024, YES BANK, India's sixth-largest private sector bank, introduced 'YES Business', a dedicated initiative to focus more on the business sector and meet their specific needs. This platform aims to simplify banking and related services for Micro, Small, and Medium Enterprises (MSMEs), bringing everything together in one unified solution.

🎯 Key Highlights:

  • - The launch of YES Business is powered by the IRIS Biz app, a digital platform by YES BANK. It combines core banking services with additional tools to make business operations easier and helps entrepreneurs efficiently manage various aspects of their business.
  • - It allows business owners to set up a current account completely online with Video KYC, reducing paperwork and speeding up the process.

💡 Other Important Facts:

  • (i) The app offers a single view to manage both personal and business accounts, making it easier for business owners to track their financial health.
  • (ii) The app offers in-app support for accounting, taxation, payroll, and global trade finance, helping users manage essential tasks without using multiple external platforms.
  • (iii) Features like Merchant EASY and Merchant PRIME offer services such as soundboxes for payment confirmations, same-day fund settlements, and higher cash deposit limits, making it easier for merchants and traders to manage their transactions efficiently.

📚 Test Your Knowledge:

What is the name of the new platform recently launched by YES BANK to support MSMEs and businesses?

Correct Answer: YES Business

🚀 Quick Recap:

About YES BANK Limited

  • MD & CEO : Prashant Kumar
  • Headquarters: Mumbai, Maharashtra