New Delhi: State Bank of India (SBI) will soon launch its banking cell app ‘Yono Global’ in Singapore and the US. The app will present digitalized remittance and different providers to its prospects, Vidya Krishnan, Deputy MD (IT), mentioned.
“We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers,” Krishnan informed PTI on the three-day Singapore Fintech Festival (SFF), which ends on November 17.
Krishnan held talks with Singapore-based digital platform enablers in addition to the native regulator and central financial institution, the Monetary Authority of Singapore (MAS). “We are constantly working on the remittance story between India and Singapore, given the large number of Indian diaspora in the city state.”
SBI Yono Global providers in 9 nations
Presently, SBI offers Yono Global providers in 9 nations, commencing with the UK operations in September 2019. The international operations of SBI have an general stability sheet dimension of USD 78 billion. In Singapore, SBI is integrating its Yono Global app with PayNow and goals to launch it soon.
Meanwhile, audio system at SFF emphasised the importance of rising applied sciences, notably synthetic intelligence (AI), whereas acknowledging the need for human contact and feelings in interpersonal interactions.
Oscar-nominated movie director Shekhar Kapur mentioned, “One factor that AI goes to do, it’s going to change all the things. Change occurs dramatically.”
In contests held on testing applied sciences, Indian-origin Nikhilesh Goel, Co-founder and Group CEO of Singapore-based Validus Capital, was named amongst winners for the Individual Category (in recognition of C-Suite leaders).
Validus focuses on Southeast Asia’s main SMEs with all-in-one enterprise finance.
(With PTI inputs)
