Enigio’s trace:original proves an ideal digital solution for bank guarantees and standby letters of credit (SBLC)

Published: February 15, 2022
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digital bank guarantees

In the TFG article “An introduction to digitalising bank guarantees end-to-end“, trace:original has been introduced as an ideal solution for issuing digital bank guarantees. 

At Enigio, we have not found any technical solution to digitally issue negotiable instruments in its true sense such as bank guarantees or an SBLC; it can be done on paper, as a PDF, on a closed platform or through SWIFT. However, all these methods become complicated for the parties involved. 

After discovering the lack of an end-to-end digital solution that can carry and exchange information as a physical paper but comparatively in a faster, safer and cost-effective way, Enigio has developed trace:original, a unique document technology that can be used to digitally create and manage any authoritative document. 

To learn how easy switching to an end-to-end digital documentation process is, please review the use case for digital bank guarantees here: enigio.com/traceoriginal/guarantees/