Veefin Solutions (BOM:543931) has secured a contract from UAE-based finance company Invest Bank to fully digitize the latter's supply chain finance (SCF) offerings, according to a Wednesday filing to the Indian stock exchanges.
Under the pact, Invest Bank will leverage Veefin's advanced SCF Loan Management System platform to help the lender to streamline financing, reduce manual workflows, and improve operational efficiency, the filing said.
The collaboration will replace the bank's existing manual processes with a digital platform for businesses across the UAE, the company said.
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