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.
This is 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.
Rana Kapoor, Managing Director & CEO of YES Bank said, "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 prioritised 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."
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