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Souvik Chakraborty

Product manager and SME
Veefin Solutions
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Followed by John Sims, Martha Boyle and 5 others you follow
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Souvik's opinions

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Souvik Chakraborty

Comparative Timelines on Manual LC Doc Check and Automatic LC Doc Check

The Future of LC Processing is Automation. While manual LC processing is still prevalent in some regions, the shift toward automation is inevitable. Key takeaways I. Automation reduces processing time by 60-80% (McKinsey). II. AI-driven discrepancy detection cuts errors by over 90% (Deloitte). III. Cost savings from automation can reach billions ...

02 June 2025 /sibos /wholesale

Souvik Chakraborty

The Netflix Effect: How Modern day Streaming Services could influence Trade and Supply Chain Finance

The rise of streaming services like Netflix has transformed the way we consume entertainment. But the impact of Netflix could be extended beyond the entertainment industry, influencing the way businesses operate, including trade and supply chain finance. In this article, we'll explore the Netflix effect on product/solution offerings in Trade and S...

01 April 2025

Souvik Chakraborty

Amendment to Bill of Lading Act: A Boost to India's Digital Trade Ambitions

The Indian Bill of Lading Act 1856 has undergone a significant amendment, which was proposed on August 9, 2024, and passed on March 10, 2025. This amendment brings clarity to two key aspects: Transferring Rights: The amendment ensures that all rights in respect of the contract contained in the bill of lading, along with the property, are transfer...

17 March 2025

Souvik Chakraborty

Treasurer's stance on Supply Chain Finance

One of the key factors of managing entire economy of a country or rather global economy depends on how smart one is on managing supply chain linked to it’s trade domestically or internationally. If we drill down further, apart from Documentary Trade, Open Account Trade practices are much more accessible, acceptable, and far-fetched extendable in o...

18 February 2025 /sibos /wholesale

Souvik Chakraborty

SCF Product Engine as a Service

SCF Product Engine as a Service We all might get a slight pause by the title of this post. I still remember that I penned a blog few years back on XaaS ('X' stands for anything or everything). It's like anything or everything as a service which could be provided for the betterment of the society by resolving pain points. However, SCF Product Engin...

18 February 2025 /sibos /wholesale

Souvik Chakraborty

Journey towards Singularity: Synchronizing Trade Finance, Supply Chain Finance and Cash Management

In today's globalized economy, international trade is a complex and multifaceted process. Three critical components of this ecosystem are trade finance, supply chain finance, and cash management. While these areas are interconnected, they often operate in silos, leading to inefficiencies, delays, and increased costs. To address these challenges, t...

18 February 2025 /sibos /wholesale

Souvik writes about

  • sibos
  • wholesale banking

Souvik's opinion archive

  • 2025 (6)

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  • Financial Supply Chain

  • Innovation in Financial Services

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  • Savy's Blog
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