Yes Bank, a private sector bank, has recently announced a partnership with Karim Nagar and Warangal smart cities in Telangana State to launch an industry-first ‘Collaboration-as-a-Service’ platform to address urban development challenges.
As a part of its newly launched YES SCALE Smart City Accelerator, the bank is inviting start-ups from around the world to collaborate with technology leaders like Bosch and Dell EMC and work on problem statements provided by respective smart cities.
As a partner to the programme, PwC has also committed to leading strategic partnerships & advisory and implementation of innovative solutions in the smart cities. Commenting on the development Rana Kapoor, MD & CEO of Yes Bank said, “The bank’s cross-industry collaboration through the Accelerator will empower these cities with innovative solutions to seamlessly connect people, processes and devices, and enable administrators to respond faster to citizen’s needs while also creating new revenue sources.”
Bosch and Dell EMC Digital Cities will provide testing, development and deployment of infrastructural support to help start-ups implement their solutions, as per news reports.