FOR IMMEDIATE RELEASE
Assuro Partners with Digital Vault Services to bring Digital Guarantees to the Australasian Market
Perth, 15 August 2023 – Assuro, a leading provider of digital bank guarantee solutions in Australia, is excited to announce its agreement to licence the technology of Digital Vault Services (DVS) through a signed Memorandum of Understanding. DVS is a market technology provider of solutions for digital guarantees, already well-established in Europe. This strategic partnership marks a significant step for Assuro in introducing a proven, innovative digital guarantee solution to the Australasian market.
Leon Weston, CEO at Assuro, stated, "Our partnership with Digital Vault Services is a testament to our dedication to providing unparalleled solutions to the Australian and New Zealand markets.
"By combining Assuro's guarantee management solution, local expertise and network with Digital Vault Services' mature state digital guarantee technology, we aim to revolutionise the way businesses handle their digital transactions."
Jaime Gimeno, Co-CEO at Digital Vault Services, added, "We are thrilled to join forces with Assuro in bringing digital guarantees to the Australasian market. Our technology is well established in Europe with a large network of corporates and financial institutions issuing digital guarantees to hundreds of beneficiaries via our existing offering ‘Guarantee Vault’.
"We look forward to working with Assuro in bringing the benefits of this technology to corporates, the public sector and financial institutions in Australasia."
Assuro has responded to client demand to deliver a robust, end-to-end digital market solution for guarantees. The company is working with a number of clients to go live with the first digital guarantees in Q1 2024.
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About Assuro
Assuro is a multi-award-winning Australian fintech company that owns and operates a digital platform specialising in the distribution, origination and management of bank guarantees. Assuro is dedicated to helping businesses thrive by providing a suite of products that simplify bank guarantees and save their clients time and money.
About Digital Vault Services
Digital Vault Services GmbH is a European company offering market technology solutions for the issuance and safekeeping of digital guarantees. Designed by a working group of leading corporates and financial institutions, the technology brings transparency and efficiency throughout the entire transaction life cycle.
Media Contact:
Leon Weston, Chief Executive Officer, Assuro, leon@assuro.com.au
Jaime Gimeno, Co-Chief Executive Officer, DVS, jaime.gimeno@digitalvaultservices.com
