In a strategic move to bolster support for Micro, Small, and Medium Enterprises (MSMEs), Yes Bank has introduced SmartFin, an advanced digital Supply Chain Finance (SCF) platform developed in collaboration with Veefin Solutions. The initiative reflects Yes Bank’s commitment to fostering innovation and enhancing its digital offerings, particularly in the realm of working capital efficiencies.
Ajay Rajan, Country Head of Government, Multinational & International Business, Transaction Banking & Knowledge Units at Yes Bank, emphasized the institution’s dedication to exploring inventive avenues for MSME support. Recognizing the growing importance of SCF models in driving working capital efficiencies, Yes Bank invested in the robust SmartFin platform to elevate its digital capabilities in this domain.
SmartFin, powered by Veefin Solutions, presents an end-to-end digital SCF platform. According to Rajan, the platform’s digital offerings aim to enhance operational and financial efficiencies for all stakeholders involved in the supply chain.
Raja Debnath, Managing Director of Veefin Solutions Ltd, praised the seamless integration of their solution with Yes Bank. He lauded Yes Bank’s commitment to digital innovation and being fintech-friendly. Debnath highlighted Veefin’s ongoing investment in SCF product capabilities, ensuring clients have access to the latest technology in the market. The collaboration underscores a shared vision for advancing digital solutions in the financial landscape.
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