Central to this launch is the IRIS Biz by YES BANK (IRIS Biz), a digital interface that provides a wide range of integrated solutions to both simplify and strengthen business operations. By combining core banking services with additional resources beyond traditional banking, IRIS Biz enables entrepreneurs and business owners to handle multiple aspects of their enterprise using a single platform.
The IRIS Biz app provides fully digital current account setup with Video KYC; a unified view that allows business owners to manage both personal and business accounts together; in-app support for accounting, taxation, payroll, and global trade finance; offerings such as Merchant EASY and Merchant PRIME, which provide resources like soundboxes for payment confirmations, same-day settlement of funds, and extended cash deposit limits, helping merchants and traders manage transactions efficiently.
Prashant Kumar, Managing Director & Chief Executive Officer, YES BANK, said in a statement, “The MSME segment in India employs the largest workforce and is the backbone of our economy. The IRIS Biz app offers a unified, tech-enabled, and customer-first solution to empower business growth. This new-age app is more than just a banking platform; it is a comprehensive business partner that goes beyond banking to cater to every need of our clients.”
