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Yes Bank Transformation
Seies
Team : Path Breakers (IIM Raipur)
Members:
1.Abhishek Nag
2. Saurabh Kumar
3.Gulshan Prakash
Virtual Spaces
Traditional Media
Digital Media
Startup Media
Community
Groups
Private Accelerator
Banks Accelerator
Technology Firms
Accelerator
Accelators
Research Labs
Incubation Centres
Fintech
Ecosystem
Private Venture
capital Investors
Public Investors
1) Innovation Strategy to leverage the relationship between YES Bank & T-Hub and
to create a holistic innovation program (innovation lab+ incubator + accelerator +
showcase)
Strategy Focus
Industry/ Sector
Fintech
Geography
India
Two batches
spanning for 3
months . 50 per
batch.
Selection Process
Startup Programs
and events
Externals for
Screening
Teams as Primary
Selection Criteria
ii. Map for the kind of support to be provided to theses startups in the incubator &
accelerator
Mentoring
services
Curriculum /
training program
Counselling
services
Demo days /
Investor days
Location services
& Platforms
Investment
opportunities
Working with financial data is not easy, hence assemble the data in one place
and streamline the licensing process to make it fast and easy to access the data.
Partnership with Thomson Reuters, Fidelity Investments etc.
Financial sandboxes or safe places where innovative products and services
would be experimented and rolled out within controlled boundaries.
iii. Ways in which the business ready startups could be utilized by YES BANK/T-Hub
or showcased to relevant stakeholders
Providing a financial industry Sandbox and Testing its viability
The solution is
technolgy
innovative
The solution
addresses a
problem or bring
benefits to a
customer
Want to deploy
the solution in
India on a
broader scale
The boundary
conditions have
been clearly
defined
Major foreseeable
risks arising from
the solution have
been assessed &
mitigated
Stakeholders Presentation
Focusing primarily on Business viability, Scalability, time horizon to achieve breakeven and
how it can help YES Bank to make it a next generation digital bank.
Country wide
Rollover
iv. Collaborations with other technology leaders, incubators etc. to accentuate the
program
Technolgy Leaders
Heckyl
Incubators
Rainmatter
Focus Areas:
Innovative Financial
and Investment
Technology
Angel Prime
Focus Areas : Mobile
Internet, Tablet Space
Khosla Labs
Mu Sigma
Data Analytics
Innovation Garage
NIT Warrangal
Rana
Kapoor
CEO,
Vijay
Shekhar
Sharma
Yes Bank
CEO
Paytm
Upasana
Taku
Kunal Shah
Cofounder
CEO
Freecharge
Mobikwik
Adhil Shetty
Yashish
CEO
Dahiya
Bankbazaar.c
om
CEO
Policy
Bazaar
Screening
Process :
Events & Programs:
8-10 lakhs
Online Application
form and selection,
Induction Program
(3 Days)
2-3 Lakhs
Support
Mentors Selection
(Engineers,
Analysts, ArtistsSalary/Month)
20-30 Lakhs (
Total 20 -30 in
Number)
Tie-ups
Incubators &
Technology
Leaders
50 Lakhs ( 3
month)
Pilot Project
Conducting a
Pilot Project :
(Hyderabad &
Internal Yes
Bank)
10 Lakhs
Country Wide
Rollout
Rollout across
India:
1 crore
Below strategy is build for one of the fintec product. The technology
life cycle is fused with Rogers curve of any new technology acceptance
in a disorganised market.
Growth
Maturity
Decline
Product Performance
Introduction
Relative % of Customer
Early
Adopter
Early
Majority
Late
Majority
Laggard
Time
As per the designed strategy break even for the product to be achieved at a desired time.
Target Audience: The products are targated towards early adopters. They are finance
enthusiasts with strong sense of practicalities. They love technology and find themselves
highly related to technology. Examples: E Commerce firms, Other startups which are
planning to go for public, news channels, TV channels, hospitals etc.Yes Bank can also use
this data analytics tool popularise there brand among business users.
Idea is to achieve break even befor reaching the death vally of innovation i.e. The Chasm.
Breakeven calculation :
Assumptions:
Break even period can be calculated for the above product. After deciding on the fixed cost
and variable cost. Break even point = Fixed Cost / Sales Price per unit Variable Cost per
unit
3) How YES BANK could use T-Hubs other FINTECH CoE programs for its startup
strategy.
Hiring the best talents from the CoE Programs for its own startup strategy.
Consulting Mentors from other CoE Programs for some of banks ideas.
Leverage the existing Partners ( Investors, Technology partners)
Leverage the existing Events conducted by THUB to bring increase the CoE
awareness