After joining forces in July 2019 to progress work on a blockchain-based bank guarantee platform, ANZ bank, the Commonwealth Bank of Australia (CBA), and Westpac announced, alongside IBM and shopping ...
WASHINGTON, July 1, 2024 – Starting today, the World Bank Group (WBG) guarantee platform is open for business. The platform, housed at the Multilateral Investment Guarantee Agency (MIGA), brings ...
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Latest RBI Circular on Bank Guarantees, Letters of Credit (LC), and Co-Acceptance Rules
The Reserve Bank of India (RBI) issued a Master Circular on April 1, 2025, introducing new guidelines for Primary (Urban) Co-operative Banks (UCBs) regarding the issuance of bank guarantees, ...
The Karnataka High Court has asked the Union government to consider putting in place a system for digitally verifiable bank guarantees, after a case before it exposed how forged guarantees can pass ...
Major Russian bank VTB uses a central-bank-backed blockchain to issue bank guarantees to local cellular network giant MTS. VTB, the second-largest bank in Russia after Sberbank, has piloted a new ...
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