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 To a large extent, the outdated processes and systems are predominantly manual and paper-based, making them tough to amend.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.
Join our 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
Speakers
Amit Bhute
Senior Vice President and Global Head,
Banking and Financial Services practice,
Virtusa
Anchal Tiwari
Chief Product Officer,
Bolero International
Ramkumar Seshadri
Banking and Financial Services,
Virtusa