SBI Set to Introduce 'Yono Global' App in Singapore and the US

State Bank of India (SBI) is gearing up to launch its advanced mobile banking application 'Yono Global' in Singapore and the US, introducing a range of digital services and remittance options for its customers. Vidya Krishnan, Deputy MD (IT), shared insights at the Singapore Fintech Festival (SFF), expressing SBI's commitment to delivering top-notch services through Yono Global.

Yono Global Expansion Plans

Krishnan highlighted SBI's continued investment in Yono Global to elevate customer experiences. The app's upcoming launch in Singapore and the US reflects SBI's dedication to providing superior banking solutions.

Notably, Yono Global currently operates in nine countries, initiating its services in the UK back in September 2019, with SBI's foreign operations boasting a balance sheet size of USD 78 billion.

Integration Efforts in Singapore

In Singapore, SBI is integrating its Yono Global app with PayNow, a move aimed at streamlining its services for customers. The emphasis on remittance services between India and Singapore aligns with the significant Indian diaspora residing in the city-state.

Oscar-Nominated Director Shekhar Kapur on AI's Impact

Oscar-nominated film director Shekhar Kapur emphasized the far-reaching impact of AI, stating, "One thing that AI is going to do, it is going to change everything. Change happens dramatically."

Technology and Human Touch

Speakers at the SFF underscored the growing significance of emerging technologies, especially AI. However, they acknowledged the importance of maintaining human connections in personal interactions.

Renowned film director Shekhar Kapur emphasized AI's transformative impact while acknowledging the significance of human emotions.

Recognition for Tech Innovations

In technology evaluation contests at the event, Nikhilesh Goel, Co-founder and Group CEO of Validus Capital, received recognition in the Individual Category for his leadership role in Validus Capital, a Singapore-based enterprise focusing on providing comprehensive business finance solutions for SMEs in Southeast Asia.

Emerging Technologies in Fintech: Balancing AI and Human Touch

• Speakers at the Singapore Fintech Festival (SFF) emphasized the transformative potential of emerging technologies, particularly artificial intelligence (AI), while acknowledging the importance of human interaction in financial services.

• Oscar-nominated film director Shekhar Kapur highlighted the far-reaching impact of AI, stating, "One thing that AI is going to do, it is going to change everything. Change happens dramatically."

• Nikhilesh Goel, Co-founder and Group CEO of Singapore-based Validus Capital, was among the winners in the Individual Category of the SFF's technology testing contests. Validus focuses on providing comprehensive business finance solutions to SMEs in Southeast Asia.

Additional Relevant Facts

• Yono Global currently operates in nine countries, with the UK being the first in September 2019.

• SBI's foreign operations have a total balance sheet size of USD 78 billion.

• The launch of Yono Global in Singapore and the US is a significant step towards expanding SBI's digital banking presence globally.