From Paper to Digital: Eliminating Risk in Bank Guarantee Management
Bank Guarantees Risk Management Digital Transformation
From Paper to Digital: Eliminating Risk in Bank Guarantee Management
For decades, beneficiaries such as landlords, property groups, and project owners have relied on physical bank guarantees — storing them in safes, guarding against theft, and manually checking expiry dates.
This approach is slow, labour-intensive, and leaves you vulnerable to fraud and loss.
The Risks of Paper
- Forgery Threats — High-quality forgeries can pass casual inspection.
- Physical Damage — Fire, water, or theft can destroy the original.
- Inefficient Tracking — Monitoring hundreds of documents across portfolios is slow and error-prone.
- Delayed Claims — Physical presentation to a bank can add days to the process.
Digital Bank Guarantees: A Safer, Smarter Option
Switching to a digitally-issued, bank-verified guarantee changes the game:
- Immutable Verification — Each guarantee is cryptographically linked to its issuing bank.
- OneView Console — [Link to: oneview-overview] Track all guarantees — both legacy paper and new digital — in a single dashboard.
- Instant Claims — Make a partial or full claim digitally in minutes.
Beneficiary Control & Transparency
With MyGuarantee, beneficiaries get real-time visibility:
- Expiry alerts
- Total exposure reports
- Immediate updates on amendments or cancellations
Compliance & Peace of Mind
All data is stored onshore in Australia under strict privacy laws, with AMP and Perpetual providing custodial backing. Every action is logged, timestamped, and non-repudiable.
Ready to retire the fireproof safe?
Switch to Digital Bank Guarantee Management →