# The North Eastern Development Finance Corporation Ltd. (NEDFi) and Veefin Solutions have signed a comprehensive, multi-year contract to implement a state-of-the-art digital lending ecosystem. *fintech · news · 2026-05-12 · scanx.trade* ## Key points - NEDFi and Veefin Solutions signed a multi-year contract to build a digital lending platform for Northeast India. - The platform will integrate LOS, LMS, LCS, mobile applications, and APIs with real-time security monitoring. - Deployment meets latest RBI IT governance and outsourcing Master Directions, ensuring regulatory compliance. - Veefin Solutions was chosen after an extensive RFP process, meeting all of NEDFi's transformation requirements. - The digital ecosystem aims to expand last-mile credit access for unserved and underserved borrowers in the Northeast. The North Eastern Development Finance Corporation Ltd. (NEDFi) and Veefin Solutions have signed a comprehensive, multi-year contract to implement a state-of-the-art digital lending ecosystem for NEDFi, aimed at enhancing credit access across the North Eastern Region of India. The agreement was formalised and disclosed pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Partnership Overview Under the terms of the agreement, Veefin Solutions will deploy a complete suite of cloud-hosted solutions for NEDFi. The platform is designed to automate and scale lending operations, integrating with external systems such as credit bureaus and banking APIs to create a unified financial ecosystem. Key details of the partnership are summarised below: Parameter: Details Partnership: NEDFi and Veefin Solutions Agreement Type: Multi-year contract Focus Area: Digital Lending Ecosystem Region: Northeast India Platform Deployment: Cloud-hosted LOS, LMS, and LCS Additional Features: Mobile apps, customer portal, credit bureau & banking API integration Digital Solutions Being Deployed The digital transformation initiative encompasses a Loan Origination System (LOS), Loan Management System (LMS), and Loan Collection System (LCS). The solution will also feature dedicated mobile applications for sales and collection teams, business correspondents, and customers, alongside a specialised customer portal to provide a seamless, end-to-end digital experience for borrowers. Veefin Solutions was selected through an extensive RFP-based selection process, with its suite of solutions found to meet all of NEDFi's digital transformation requirements. Key Highlights of the Agreement The agreement covers several critical dimensions of digital lending infrastructure: Highlight: Details Comprehensive Digital Suite: LOS, LMS, LCS, and mobile applications for employees, business correspondents, and customers Financial Inclusion: Platform sized to support last-mile credit delivery in the NE region Security & Compliance: Full adherence to RBI's latest Master Directions on IT Governance and Outsourcing, with end-to-end encryption and real-time security monitoring Leadership Perspectives Speaking on the partnership, CMD NEDFi, Shri PVSLN Murty, said: "Once it is fully implemented within the next few months, the new software will help NEDFi reach out to entrepreneurs in far-flung areas of the North-Eastern Region by using technology solutions. Especially the small borrowers in unserved and underserved areas will benefit immensely from this new software. Through the Mobile App, new entrepreneurs will be able to apply for loans through mobile devices, while existing customers will be able to see their account-related information on their smartphones. The new software will also enable the Corporation to expand its basket of financial products including working capital revolving loans, etc." Lemli Loyi, Executive Director of NEDFi, noted that Veefin Solutions' deep functional expertise in lending and its robust, industry-standard software would be instrumental in modernising NEDFi's lending processes. "This partnership is a key milestone in our mission to bring advanced financial services to the doorstep of the Northeast," he added. Raja Debnath, Chairman & Managing Director of Veefin Solutions Ltd., said: "We are thrilled to be a partner in NEDFi's digital lending journey. This is a very prestigious and strategically important assignment for the VeeFin group. We view the Northeast Region as vital in our efforts to help expand access to credit through technology, and we are committed to providing a secure, scalable, and high-performance platform that supports NEDFi's growth for years to come." Significance for Northeast India Northeast India has historically faced challenges in accessing formal financial services due to geographical and infrastructural constraints. NEDFi, the premier development finance institution of North-East India headquartered in Guwahati, Assam, provides financial solutions to MSME enterprises and start-ups across eight northeastern states in sectors including Healthcare, Tourism, Food Processing, Education, IT-enabled services, and core manufacturing. The deployment of this digital lending platform is expected to address longstanding access gaps by enabling faster, more transparent, and accessible credit solutions for borrowers across the region. Veefin Solutions, an enterprise software technology company, builds core financial platforms for banks, NBFCs, and regulated financial institutions, focusing on enabling complex financial workflows across working capital, transaction banking, and lending in multi-party and regulated environments. Veefin Solutions Limited has announced a virtual earnings conference call to discuss its financial results for the quarter and financial year ended March 31, 2026. The call is scheduled for Thursday, May 14, 2026, at 4:00 PM IST, and is open to all investors and the general public. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation of the Board Meeting intimation dated May 07, 2026. Conference Call Details The earnings call will be conducted in virtual mode. Participants are required to register in advance via the webinar link to receive a confirmation email with joining instructions. Key details of the conference call are outlined below: Parameter: Details Date & Time: Thursday, May 14, 2026 at 04:00 PM (IST) Topic: Veefin's Q4-FY26/FY26 Earnings Call Mode: Virtual (Webinar) Audience: All Investors / General Public Investor Kit: https://www.valoremadvisors.com/veefin Management Representatives The company's senior leadership team will be present on the call to address investor queries and discuss the financial performance. The following executives will represent Veefin Solutions Limited: Mr. Raja Debnath – Chairperson & Managing Director Mr. Gautam Udani – Whole Time Director & Chief Operating Officer Mrs. Payal Maisheri – Chief Financial Officer Dial-In Information Participants can join the call using the following dial-in numbers: Region: Dial-In Number India (Universal): +91 22 6280 1341 / +91 22 7115 8242 USA (Toll Free): 1866 746 2133 UK (Toll Free): 0808 101 1573 Singapore (Toll Free): 800 101 2045 Hong Kong (Toll Free): 800 964 448 The investor relations for this event are managed by Valorem Advisors. Further information regarding the conference call is also available on the company's official website at www.veefin.com . We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice. **Companies:** North Eastern Development Finance Corporation Ltd., Veefin Solutions **Countries:** India [Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/nedfi-teams-up-with-veefin-solutions-to-transform-digital-lending-in-northeast-india/40115823) --- Canonical: https://newsio.io/n/f6fa81d6-d244-4910-9540-25dcc299fe2e/the-north-eastern-development-finance-corporation-ltd-nedfi-and-veefin-solutions Summarized by Newsio from scanx.trade. https://newsio.io/how-it-works