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Where adaptability meets advantage

At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

Adaptability starts here
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Where adaptability meets advantage
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    Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

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    15 Oct 2025 From Technical Liability to Digital Dominance: Plaza Premium Group’s Bold Transformation
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    What we do

    Where adaptability meets advantage

    At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

    Adaptability starts here
    • Industries
    • Services
    • Products and Platforms
    • Research & Innovation
    • Alliances
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
    • TCS Research
    • TCS Pace™
    Where adaptability meets advantage
  • Industries expand here
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services expand here
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms expand here
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
  • Research & Innovation expand here
    • TCS Research
    • TCS Pace™
  • Alliances
  • Who we are

    We deliver excellence and create value for customers and communities.

    Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

    Discover the difference
    • Brand
    • Leadership
    • Community
    • Sustainability
    • Inclusion
    • Values
    We deliver excellence and create value for customers and communities.
  • Brand
  • Leadership
  • Community
  • Sustainability
  • Inclusion
  • Values
  • Insights

    Discover why customers choose TCS

    We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.

    Read our customer success stories.
    • Events
    • Analyst Recognition
    • Global Studies

    Upcoming events

    27 Dec 2025 TCS at Guidewire Connections 2025
    01 Dec 2025 TCS at AWS re:Invent 2025
    18 Nov 2025 TCS is a Gamechanger Sponsor of Microsoft Ignite 2025
    View all

    Recent recognitions

    15 Oct 2025 From Technical Liability to Digital Dominance: Plaza Premium Group’s Bold Transformation
    06 Oct 2025 Unlocking the Future: 6G & AI for Telcos
    18 Sep 2025 Emirates NBD Transforms Payments and Reengineers Banking Operations
    View all
    Discover why customers choose TCS
  • Events
  • Analyst Recognition
  • Global Studies
  • Careers

    Want to be a global change-maker? Join our team.

    At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

    Join us
    • India
    • Americas
    • Asia Pacific
    • Europe and UK
    • Middle East and Africa
    • India
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
    • Belgium
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    • Estonia
    • Finland
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    • Hungary
    • Ireland
    • Italy
    • Luxembourg
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    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
    Want to be a global change-maker? Join our team.
  • India expand here
    • India
  • Americas expand here
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
  • Asia Pacific expand here
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
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  • Newsroom

    Find the latest news about TCS

    Stay up-to-date on all press announcements by TCS

    Discover more
    • News Alerts
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    Recent News

    16 Oct 2025 NCVET Selected TCS to Develop a Portal Aimed at Democratizing the Vocational Skill Development Ecosystem in India
    16 Oct 2025 TCS and Infineon Partner to Redefine Digital Experience and Accelerate Sales Growth
    19 Sep 2025 TCS Interactive Opens Flagship Studio in New York City to Drive Innovation-led Experiences
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    Find the latest news about TCS
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    • Quartz™ - The Smart Ledgers™
    • Solutions

    Digital Guarantees

    Paperless and friction-free bank guarantee processing

    Know more Open in New Tab
    Share Blockchain-powered Digital Bank Guarantee Platform from Quartz
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    Industry

    Banking This will open an overlay

    Banking Services Transformation: Unlocking Exponential Value

    TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
    Learn More
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    Solution

    Quartz™ - The Smart Ledgers™ This will open an overlay

    Quartz™: Creating collaborative ecosystems using resilient technology

    Discover the transformative power of TCS' Quartz™ Smart Solutions that empower clients to build blockchain-based solutions and see tangible, real-world results.
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     about Quartz™: Creating collaborative ecosystems using resilient technology
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    Quartz™ at HODL Summit Dubai 2025
    From asset tokenization to CBDC, explore the key offerings under Quartz™ at the blockchain and crypto conference in Dubai. Meet our experts at the HODL Summit 2025.
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    Highlights

    • Manual, paper-based bank guarantee management processes are prone to fraud risks and potential losses and lack tracking and reporting for all parties.
    • The Digital Bank Guarantees platform from Quartz, built to support the SaaS model, helps banks digitally transform the end-to-end lifecycle of guarantees, including issuance, modification, termination, and invocation.
    • The hyper-automation using blockchain technology makes the bank guarantee management process simpler, quicker, and more secure, providing a single source of truth across multiple parties.

    On this article

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    Solution   inpage
    Benefits   inpage
    Abstract inpage
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    On this articleinpage
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    Abstract Challenge Solution Benefits

    ABSTRACT

    Automated bank guarantee processing for faster issuance, fewer errors, higher efficiencies, and happier customers.

    With DLT powered hyper-automation, the Digital Guarantees from Quartz connects all stakeholders and provides a digitized lifecycle for Bank Guarantees. It helps banks and other financial institutions to get instant updates on the status of each digital guarantee and ensure non-repudiation through an immutable audit trail of transactions on DLT, thus, moving away from paper-based processes and achieving greater operational efficiencies.

    Challenge

    Despite banks going digital in different areas, bank guarantee management processes continue to remain paper-based, leading to the lack of standardization and operational inefficiencies in the lifecycle. The process involves significant manual intervention and lack of access to information on a real-time basis to the stakeholders involved. Furthermore, the risk of documents being forged exposes banks to the risk of frauds and potential losses. 

    The DLT-based Digital Guarantees platform from Quartz is an example of digital transformation refining the end customer experience across ecosystems. Multiple issuers, banks, insurers, government bodies, SMEs, and individuals will benefit from access to a SaaS-based platform that provides data privacy, immutability, traceability, and real-time processing.

    Solution

    The Digital Guarantees platform from Quartz, digitalizes the end-to-end bank guarantee management process. The platform connects individuals, corporates, and the government to guarantee issuers (banks and other financial institutions) alongside a marketplace where issuers and beneficiaries can manage their guarantee portfolios, including issuance, extension, and cancellation.

    Issuers can enable their customers to benefit from this mutualized solution; aggregators can offer their customers a managed platform for their guarantees, and corporates can directly connect it with their internal systems. The hyper-automation provided by the solution not only boosts transaction processing and efficiencies but also establishes provenance and non-repudiation through immutable ledgers.  

    Benefits

    • Reduces delays associated with paper-based guarantee processing.
    • Eliminates fraud risks and mitigates the possible loss of physical documents. 
    • Facilitates immutability and auditability across the transaction life cycle.
    • Enables transparency to all the guarantee issuers and beneficiaries through real-time updates.
    Swipe Left
    Swipe Right

    Rolling out new technology, such as Quartz Blockchain, to digitize bank guarantees will help our customers with simpler, easier, transparent, and optimized processes. With this solution, we will be extending our client base to include corporates, SMEs, and individuals who will soon be able to access their digital bank guarantees across its life cycle through APIs and an intuitive web portal.

    Dov Kotler

    CEO, Bank Hapoalim
    Read more

    Related reading

    Swipe Left
    Swipe Right

    TCS Launches New Blockchain-based Digital Bank Guarantee Platform in Israel: Bank Hapoalim First to Sign Up

    Press Releases | 08 Dec 2020   Opens in new tab

    TCS’ Quartz™ Solution Wins Award for Outstanding Innovation

    Press Releases | 07 Dec 2022   Opens in new tab

    TCS’ Blockchain Solution, Quartz™ Ranked #1 Best Performing Fraud Management Solution

    Press Releases | 26 Jul 2022   Opens in new tab

    TCS Wins Blockchain Research Institute’s Enterprise Blockchain Award 2021

    Press Releases | 13 Dec 2021   Opens in new tab

    Quartz Magazine Edition 4 on the Future of NFTs and CBDC Vision

    Report | 06 Mar 2023   Opens in new tab

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