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Yes Bank Launches “Robotics-based” Trade Finance Service
March 16, 2018
Private sector Yes Bank has rolled out a new robotics-based digital export import payments service that will use process automation to end the unnecessary hassle of submission of import and export payments documents.
The solution is integrated with the Yes Transact Smart Trade suite and comes with features like enhanced security and risk management. It is meant to completely digitize the trade payments between different countries such as Hong Kong, Germany, China, US, etc.
Yes Bank CEO Rana Kapoor said that Yes Transact Smart Trade will allow the corporate clients to upload payment instructions while avoiding documentation or paperwork.