Central Bank of India Partners with Veefin Solutions for Supply Chain Finance Operations

Central Bank of India has announced a partnership with Veefin Solutions to begin their Supply Chain Finance operations. Veefin, a global leader in Digital Lending & Supply Chain Financing solutions, will be the sole technology vendor for CBI during this process. This collaboration will enable CBI to leverage Veefin's end-to-end SCF stack for vendor, channel partner, and anchor onboarding, credit underwriting, transaction management, and loan management. The digital onboarding, sanctioning, and 24x7 disbursement process through SCF offerings aim to benefit CBI's corporate and SME customers.