Indian Bank adopts Veefin platform for supply chain finance

Veefin Solutions announced today that Indian Bank has signed up for the world's largest unified Supply Chain Finance (SCF) platform, PSBXchange. Developed and powered by Veefin, the platform is expected to significantly transform MSME financing in India. The collaboration aims to broaden financial inclusion for MSMEs nationwide. Veefin Solutions states that the platform is designed to become a technology bridge for banks and NBFCs, connecting Fintechs, B2B marketplaces, and accounting service providers to the core banking systems of multiple lenders. This initiative represents a critical milestone for Veefin in its mission to revolutionize supply chain finance.