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Next-Gen Letter of Guarantee: Streamline your LG applications digitally

Unlock more customer conversions via our innovative LG approach. Our solution dramatically reduces the application process time for LG submission by digitizing the process
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Next-Gen Letter of Guarantee: Streamline your LG applications digitally

Powerful Features of LG

SingleView LG Platform

Access LGs through a single platform, manage them easily and track their status in real-time, with a user-friendly interface.

Instant LG Approval

Our solution offers fast and efficient LGs, with the ability to receive the approved document instantly via email or our platform.

Advanced Security

Our LG solution prioritizes security driven by customer consent to ensure your data integrity is maintained.

What you can solve with LG

Challenges
  • The use of manual processes for LG management and issuance can be time-consuming and prone to errors
  • Businesses may face difficulties in managing and tracking the status of their LGs, leading to confusion and potential issues
  • Different LG requirements may arise for different purposes, requiring customization of LG templates
  • Businesses may face difficulty in obtaining LGs from multiple financial institutions, leading to fragmentation and inefficiency
Solutions
  • Automating LG management and issuance can streamline the process, reduce errors, and save time
  • Our LG solution offers a user-friendly platform for managing and tracking LGs in real-time, allowing businesses to easily monitor the status of their transactions and stay informed
  • Our LG solution offers customizable LG templates to meet specific transaction requirements, allowing businesses to tailor LGs to their needs and ensure that their transactions are completed smoothly
  • Our LG solution offers a centralized platform for obtaining LGs from multiple financial institutions, reducing the fragmentation of the LG market, and improving efficiency for businesses

Letter of Guarantee: Guarantee Your Payments with Open Banking LGs

Letter of Guarantee (LG) is a binding contract issued by a bank on behalf of an individual or business to guarantee payment to a third-party in the event of a customer going into a position of default of their financial obligation. Through our Open Banking solution, LGs can be used to facilitate a secure and efficient digital request between financial institutions and their customers. By providing a guarantee that a payment or transaction will be completed as agreed upon, LGs help to reduce the risk of non-payment or delayed payment, in turn reducing financial losses for both parties involved.

Single Snapshots

Digitalize the Process of LGs

Streamline the process and transition from paper based to digital based.

Minimize Losses

Continue to benefit from the full payment security offered by traditional paper based LG’s

Efficient and Safe

Secure and efficient transactions facilitated by LGs between financial institutions and customers.

Streamline LG Process

Online LG applications and approval with electronic delivery options.

Advanced Security

Advanced encryption and authentication for all involved parties.

A unified platform to manage all guarantees across multiple banks.

A next-generation digital solution to request issuing and managing bank guarantees efficiently through a unified platform that allows you to track every request in real time and accelerate approval cycles securely and seamlessly.
What value does the platform bring to your business?
  • One platform to issue and manage all bank guarantees digitally.
  • Instant approvals with certified documents delivered via email or through the SingleView platform.
  • Advanced security powered by customer consent and encrypted data protection.
  • Customizable guarantee templates tailored to your company’s requirements.
  • Direct integration with banking and accounting systems to reduce errors and speed up processing.
  • Real-time tracking and instant alerts for every stage of the guarantee lifecycle.
Fill out the form to connect with us and see the service in action.
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