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Coimbatore, March 4

YES Bank has bagged the ‘Financial Insights Innovation Award’ (FIIA) for the ‘most innovative ePayment solution’ at the FinTech Asia Congress 2008 in Singapore.

The Awards Program, according to the bank’s release, recognises the significant achievements of banks and insurers across the region for innovative use of technology in day-to-day business and operations. The bank has introduced and integrated the online Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) payment systems across multiple ERP platforms including BAAN, Oracle and SAP, thereby offering shorter settlement cycle, higher transparency, improved liquidity and zero settlement risk to its customers. –

Our Bureau

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