UK-based retail banking company Lloyds Bank has developed a digital trading solution that aims to support businesses to transact more efficiently.
The new solution allows clients to request digital Direct Guarantees or Standby Letters of Credit, aiming to help them trade more effectively, safely, and securely. Designed to support businesses that have a high volume of transactions requiring bank guarantees to be issued, Paperless Guarantee enables instant delivery to recipients while minimising their carbon footprint.
