Karur Vysya Bank has joined hands with Unanu Technologies, a major end to end logistics software platform provider, to introduce digital freight financing. This feature will enable the bank to fund based on the Invoice and other mandatory documents that are available in the Digital Freight Finance System. The Technology Platform will provide a complete flow of transactions from the time the material is picked from shippers to unloading the material at the consignee's place.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
