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SBI Centralizes East and Northeast Trade Finance at Kolkata Digital Hub

The new Global Trade Finance Centre uses AI, machine learning, blockchain to speed processing, strengthen compliance, improve client service.

Overview

  • Chairman C S Setty announced the consolidation during a visit to the Global Trade Finance Centre in Kolkata on November 15.
  • The hub handles trade finance and international banking transactions for branches across eastern and northeastern India.
  • SBI says the centre is staffed with more than 300 skilled professionals focused on trade operations.
  • The initiative accelerates the shift from paper-based workflows to standardized digital processes.
  • The bank reports it is deploying artificial intelligence, machine learning and blockchain to enhance speed, security, regulatory rigor and customer experience.