Is your bank’s guarantee issuance process digitized?

Published: October 27, 2021

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  To a large extent, the outdated processes and systems are predominantly manual and paper-based, making them tough to amend.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).

Key take-aways:

  • How issuers and beneficiaries can manage their digital guarantees portfolio, including issuance, extension, and cancelation
  • How improving guarantee processes enhances the end customer experience across the ecosystem
  • What are the key benefits from the solution conforming with compliance like the Accountant General Standard? 
  • Why it is important for banking and financial services companies to transition to digital platforms  
  • How this helps aggregators, issuers, banks, insurers, government bodies, Small and Medium Enterprises (SMEs), and individuals
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