Yes Bank has collaborated with FortyTwo42 Labs, a Global Cyber Security Research Lab setup in India (Vizag and Pune) and Israel (Tel Aviv) as a co-innovation partner for developing next generation Fintech and Cybersecurity Solutions.
One of the first innovations, the PI-CONTROL Platform that Yes Bank has jointly developed with FortyTwo42 Labs is being rolled out in the next few weeks. The solution has the capability to provide ‘real time cryptographic digital transaction signing’ at massive scale. This is a first of its kind solution.
Yes Bank is planning to use this solution as a multiple factor authentication for ALL online channels including API, and has an exclusive tie up with FT42 for the same, as part of its ART (Alliances & Relationships for Technology led Innovation) strategy.