Banks are currently grappling with complicated guarantee issuance processes that require multiple back and forth between parties. To a large extent, the outdated processes and systems are predominantly manual and paper-based, making them tough to amend. An important factor in improving customer experience and delivering business outcomes is how banking and financial services institutions manage bank guarantees.
Watch our on-demand webinar to learn how Virtusa and Bolero are accelerating guarantee process transformation. By automating the majority of front-to-back guarantees processing across drafting, vetting, and issuance, the Guarantee solution helps financial institutions digitise their trade finance process and increase straight-through processing (STP).