| | SEPTEMBER 20249YES BANK & NEWTAP FINANCE TO JOINTLY OFFER FINANCING SOLUTIONSY es Bank has announced a co-lending partnership with Newtap Finance to offer personalized financing solutions through the CRED platform. Dreamplug Technologies Private Limited (DTPL), which operates CRED, will act as the Lending Service Provider (LSP) for this initiative.Rajan Pental, Executive Director of Yes Bank, emphasized that this collaboration aligns with the bank's strategy to leverage fintech partnerships for quality growth. The partnership aims to enhance Yes Bank's personal loan offerings with a digital-first approach and a low operational expenditure model, providing exceptional value to affluent and emerging affluent customers.Kunal Shah, Founder of CRED, highlighted that CRED members' demonstrated financial prudence makes them ideal candidates for frictionless credit access at competitive rates. This partnership recognizes the creditworthiness of CRED members and reflects Yes Bank's commitment to strategic digital growth.Overall, this collaboration is expected to merge Yes Bank's financing expertise with CRED's affluent user base, offering a superior and seamless digital experience for accessing credit.Yes Bank, based in Mumbai, is an Indian private bank that serves retail clients, MSMEs, and corporate customers. Rana Kapoor and Ashok Kapur established the bank. The network covers 300 districts in India with a total of 1,198 branches, 193 BCBOs, and over 1,287 ATMs. The State Bank of India and global investors like Caryle's affiliate and Advent International are some of the main shareholders of the bank. I nfosys announced an increase in its collaboration with American chipmaker Nvidia to create GenAI-driven solutions for telecom providers. The IT major created three generative AI solutions using Topaz, its AI platform, incorporating Nvidia NIM inference microservices, Nvidia NeMo Retriever embedding models, and NeMo Guardrails to tailor and implement generative AI telco domain-specific large-language models.According to a regulatory filing, Nvidia Riva has been used to enable call center agents to do real-time transcription and translations."Telcos are increasingly adopting generative AI solutions to improve the productivity of their businesses with smarter networks, more efficient operations, and enhanced customer service."Leveraging Nvidia's full-stack accelerated computing and AI platform, Infosys Topaz is delivering a suite of domain-specific solutions that will help telcos accelerate and streamline their adoption of generative AI," Ronnie Vasishta, Senior Vice President of Telecom at Nvidia, said.According to the report, these AI solutions that are capable of generating content on their own have led to a decrease in latency by up to 61 percent and an improvement in accuracy by 22 percent. Infosys shares closed down by 0.35 percent at Rs 1,932.40 each on the BSE.Infosys is an Indian multinational company providing consulting, IT, and outsourcing services. Established in Pune, the company is based in Bangalore. INFOSYS & NVIDIA EXPAND PARTNERSHIP TO DEVELOP GENAI-POWERED SOLUTIONS
< Page 8 | Page 10 >