New Launch16 Oct 2025, 05:01 pm
Central Bank of India Completes First Live End-to-End Digital Supply Chain Finance Transaction on PSB Xchange
AI Summary
In a significant development for India’s banking sector, Central Bank of India (CBI) has successfully completed the first fully digital supply chain finance transaction on the PSB Xchange platform. This marks the first time a fintech-originated corporate lead was processed through the PSB Xchange ecosystem, demonstrating the platform's capability to facilitate real-time credit flows across multiple institutions.
Key Highlights
- PSB Xchange is a unified multi-lender platform designed to connect public sector banks, private sector banks, NBFCs and fintech’s with corporates and their channel partners in the country to source and provide supply chain finance and small business loans.
- The platform offers a transparent, efficient, and scalable alternative to traditional financing methods, positioning public sector banks (PSBs) to better serve businesses, especially in the MSME sector.
- This is the first live end-to-end digital supply chain finance transaction on the PSB Xchange platform.
- The transaction was completed without manual intervention, demonstrating the platform's efficiency and scalability.
- PSB Alliance and Veefin Solutions developed PSB Xchange to streamline supply chain financing.