Letter of Guarantee Issuance Solution

Low-code use case powered by Aurachain platform.

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The Business Problem

Letter of Guarantee issuance is a lengthy process that requires banking organizations to handle heavy paper loads and conduct multiple system interrogations. Often, this is all carried out manually and can result in increased delays, mistakes, and a lack of visibility throughout the process. Ultimately, customers end up waiting longer than necessary on approval.

New business customers will enjoy an accelerated digital journey that sees the onboarding process reduced from more than 3 days to under 3 hours.

The Low-Code Solution

Using the Aurachain low-code platform, banking organizations are able to automate and accelerate the Letter of Guarantee issuance process by providing a streamlined digital customer journey from request to approval.

Key Takeaways

Deliver approval and documentation to customers in under 3 hours.

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Integrate with multiple external and internal systems to provide the right data at the right time for informed decision making.

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Process stakeholders gain full visibility across the process, at all desired levels of detail.

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The partnership with Aurachain allows CEC Bank to continue its digital transformation and align with the best available technologies worldwide.

Bogdan Neacsu, General Manager

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