Invest Bank UAE, a leading financial institution, has partnered with Veefin Solutions, a global leader in digital supply chain finance technology, to revolutionize its Supply Chain Finance (SCF) offerings. This collaboration will eliminate manual processes, replacing them with an advanced digital SCF platform that enhances operational efficiency and accelerates financing for businesses across the UAE.
With Veefin’s SCF Loan Management System, Invest Bank will streamline its financing processes, reducing paperwork, minimizing delays, and ensuring real-time access to working capital. By embracing full-scale digital transformation, the bank aims to enhance customer experiences, optimize risk control, and strengthen its position in technology-driven banking.
Edris Al Rafi, CEO of Invest Bank UAE, stated:
“Our partnership with Veefin marks a significant step in redefining open account finance. This advanced system not only gives us a competitive edge but also enhances our customer service model while meeting our strict risk management objectives. This transformation will improve efficiency, reduce reliance on traditional branch networks, and enhance customer experiences.”
Gautam Udani, Co-Founder & COO of Veefin Solutions, added:
“We are delighted to support Invest Bank in its mission to digitize Supply Chain Finance. Our platform will replace outdated manual systems with a seamless, automated solution, enabling faster approvals, greater transparency, and an enhanced user experience for businesses seeking financing.”
This strategic partnership reflects Invest Bank’s commitment to digital innovation, ensuring businesses in the UAE can access fast, efficient, and technology-driven financial solutions.
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