The Royal Monetary Authority of Bhutan (RMA) in close collaboration with the National Land Commission Secretariat (NLCS) officially launched the Integrated Collateral Management System (iCoMS), a national platform designed to improve collateral verification, strengthen financial integrity, and enhance public service delivery through a unified digital architecture on 17th March.
The launch ceremony...
The launch of iCoMS represents a significant step in Bhutan’s financial digitization, with the potential to reduce fraud and improve access to credit. At its strongest, the narrative highlights a well-coordinated effort between government agencies, financial institutions, and technology partners to address a clear inefficiency—dual collateral systems—with a unified, transparent solution. The emphasis on public accessibility, such as online mortgage checks and digital payments, aligns with global...
