Tag: Fintech solutions

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PSB Xchange Completes Its First Live End-to-End Digital Supply Chain Finance Transaction in Collaboration with Central Bank of India

October 17, 2025 Financial

Mumbai (Maharashtra) [India], October 17: In a significant development for India’s banking sector, Central Bank of India (CBI) has successfully completed the first fully digital supply chain finance transaction on the PSB Xchange platform offered by PSB Alliance, a unified multi-lender platform designed to connect public sector banks, private sector banks, NBFCs and fintech’s with corporates and their channel partners…

4 AI-Powered Bank Statement Analyzers for MSME Lending

June 3, 2024 Financial

India has over 6.3 milion MSMEs, with an unmet credit gap of 120 billion USD. According to 2024 Trans Union CIBIL report, only 2.5 million MSMEs have access to formal credit. MSMEs have a high demand for loans under 1 Lakh also known as small ticket loans. The lending process for such loans is often mired by traditional credit underwriting…