Vayana and South Indian Bank win ‘Best Project Implementation’ from IBS intelligence

Talking about MSME credit, the story often covers MSMEs finding it hard to access banks. Here is where South Indian Bank and Vayana’s collaboration bridged MSME credit gaps within the trade finance ecosystem through innovative financing models and seamless digital solutions.

A top-down approach makes all the difference

To get one step closer to MSMEs, the bank uses larger organizations as their point of entry. As when a bank finances the trade of a big corporate, they also get to interact with the smaller vendors and dealers on the supply chain.

Elegant technology for efficient integration

For South Indian Bank to build and scale its Supply Chain Finance (SCF) books, Vayana’s full-stack platform works as a bridge, connecting with the bank’s back end while communicating with the ERP of each individual corporate and MSME.

Of course, one of the most cumbersome tasks is merging with the bank’s existing structure without affecting business continuity. To this effect both teams, South Indian Bank and Vayana’s, worked closely to have the trade finance program integrated in a matter of a speedy three months’ time.

Creating the momentum to reach MSMEs

With the system now set up, South Indian Bank holds SCF key to its growing portfolio and future aspirations. However, to effectively address MSME credit gaps within the trade ecosystem, Vayana stepped in again. Since small businesses have limited time and resources, it was crucial to make the program as effortless as possible. To achieve this, Vayana built a user-friendly interface, serving as the bank’s touchpoint to the MSME, reducing the need for manual intervention, ensuring tighter.

In such ways, a multi-pronged solution that addresses the hard-to-reach market and the MSMEs’ operational capacity is what created success. This helped South Indian Bank expand its portfolio, and ultimately get more small businesses the funds they need.

To know more, read about our Client Success Stories.
For any queries, leave your contact details below or mail us at scf@vayana.com.