State Bank of India Adopts World's Largest SCF Platform Through PSBXchange by Veefin

In a significant development for MSME financing in India, State Bank of India has signed up for the world’s largest unified Supply Chain Finance (SCF) platform, PSBXchange by PSB Alliance, developed and powered by Veefin Solutions. This collaboration marks a critical milestone in enabling broader financial inclusion for MSMEs in the country. The platform, which is on track to become the common technology bridge for all banks and NBFCs in the country to source and provide supply chain finance and small business loans, is a global-first that will connect Fintechs, B2B marketplaces, Accounting Service Providers, and new-age data providers with the core banking system of multiple lenders.