Central Bank of India (CBI) is venturing into Supply Chain Financing by leveraging Veefin’s expertise and technology. Veefin Solutions, a global leader in Digital Lending & Supply Chain Financing Solutions will be the sole technology vendor for CBI during the process.
This partnership will enable CBI to use Veefin’s Global-First end-to-end SCF stack allowing them to cover the entire journey of Supply Chain Financing in the process. This includes vendor, channel partner, and anchor onboarding, and credit underwriting using ready-built APIs connecting to India stack and other third-party data sources through Veefin’s Loan Origination System (LOS), and transaction management and loan management via its SCF Loan Management System. These elements will allow CBI to offer completely digital onboarding, sanctioning, and 24x7 disbursement process to their corporate and SME customers through their SCF offerings.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
