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Intel and Yes BANK Collaborate to Launch World’s First Wi-Fi Banking Branch Network

YES BANK Set to Delight Retail Customers with Innovative Wireless Banking and Services Using Intel Mobile Technologies

Mumbai, September 12, 2006 - Intel Technology India Pvt. Ltd. in collaboration with YES BANK, India’s new-age private sector bank, today announced the first deployment of an extensive wireless and mobile network among retail banks in the world . The technology solution by Intel unwires YES BANK branches to deliver secure, innovative wireless banking to staff and customers.

The infrastructure and hardware deployment will increase YES BANK’s competitiveness by improving its retail branches’ efficiency and enable the Bank to take traditional over-the counter retail banking service to a higher level. YES BANK will have wireless local area networks (LANs), within the branch premises, to allow its customers access to the internet and to conduct wireless banking transactions in a fully secure environment. YES BANK’s staff can leverage the mobility of Intel® Centrino® Processor Technology-based notebook computers to access the bank’s secure internal wireless LAN for anywhere-access to banking applications within the branches.

“Wireless technologies and mobility give many advantages to all businesses. But specifically in the banking and financial sectors, security remains a top concern”, said John McClure, Director (Marketing and Operations), Intel South Asia . “Working closely with YES BANK we were able to mitigate these concerns and help them implement a secure robust environment within their branches. Intel mobile technologies offer enterprises greater flexibility and productivity. YES BANK is a forerunner in adopting innovative technologies in the banking industry. With a focus on using technology as a key enabler to enhance customer service and satisfaction, YES BANK quickly recognized that Intel’s Core 2 Duo mobile processors were a key component of that strategy”.

Intel’s wireless solution to branch banking allows the new generation YES BANK to offer increased customer service and value, and significantly enhanced customer experience. The bank’s financial advisors can be mobile within the branch premises via Intel® Centrino® Processor Technology-based notebooks while still being connected to the bank’s network, giving the customers a new sense of comfort.

Rana Kapoor, Managing Director and CEO, YES BANK said, “The collaboration between YES BANK and Intel is unique in the global banking space, and few banks have ever attempted a live in-branch wireless implementation to serve its customers. The wireless deployment adds tremendous business value. Customers can now access their account details, conduct transfers and online payment on their own laptops in the comfortable and secure environment of the branch. It also helps us revolutionize the traditional banking experience by bringing world-class service to our valuable retail customers that is fastest, the most convenient and the most comfortable”.

Intel has provided technology guidance to YES BANK to fine-tune its requirements, optimize infrastructure design and to verify the pilot implementation. Intel’s wireless solution gives YES BANK the safety and security of a wired network, with a three-tiered data security shell, including authentication, encryption checks, and data integrity checks.

  • Authentication: A wireless device must submit credentials to be validated before it can exchange data on the wireless network. Internet Authentication Service (IAS) and Active Directory Service (ADS) are used to authenticate users.
  • Encryption: To ensure data confidentiality before being transmitted, data is encrypted using Temporal Key Integrity Protocol (TKIP), a protocol used by Wi-Fi* Protected Access (WPA) and a security mechanism that provides enhanced data protection and control of access to a wireless LAN.
  • Data integrity: Transmitted data includes information used to ensure the data was not modified in transit. For additional protection, the service set identifier (SSID) of the wireless network is not broadcast, requiring that any device that connects to the network must be set up to be aware of the SSID.

About Intel
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at http://www.intel.com/pressroom .

YES BANK, India’s new age private sector Bank, is the outcome of the professional commitment of its Indian promoters, Rana Kapoor and Ashok Kapur, to establish a high quality, customer centric, service driven, private Indian Bank catering to “Emerging India”.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking. The Bank has formed a specialized ‘Development and Knowledge Banking Division’ focusing on key sunrise growth sectors.

YES BANK is steadily building corporate and institutional banking, financial markets, investment banking, business and transactional banking, retail and private banking business lines across the country. The Bank’s constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.

Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

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