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More than 30,000 professionals make up the ecosystem of Cetif: we facilitate the meeting and exchange between banks, insurers and companies in an academic Center, competent and independent environment to share knowledge, experience and strategies on the most innovative drivers of change.
16 Research Hubs focused on dynamics of strategic evolution, regulatory updates, organizational and process practices, and the effects of digitization: we study innovation trends and best practices and share them with our communities.
Over 60 events including Main events (Workshop and Summit) and Community events (related to research activities) and Webinar: we bring together banks, insurance companies and businesses for shared growth on trends and challenges to outline innovative development strategies.
More than 40 Executive Education tracks, 4 Master's programs and numerous Company Specific Programs: we transfer innovative financial-oriented content with a scientific approach.
An experimental spin off combining academic research and entrepreneurial approach: we turn innovation and digitization into a concrete business advantage.
Kicking off in June 2020 is the system trial, in cooperation with the Authorities, which will involve Banks, Insurance Companies, Public Administrations and Enterprises in the telecommunications sector, large-scale retail, Energy, Utilities and others.
The objective of the experimentation is to simplify the Onboarding process for the customer and simultaneously streamline and improve the Know Your Customer process.
Milan, July 22, 2020 - The testing phase of the national project, sponsored by CeTIF Advisory and Intesa (IBM Group), in collaboration with the Authorities, CherryChain and IBM, to digitize the Onboarding and Know Your Customer process with DLT/blockchain technology kicked off in June .
The main objective is to simplify, reduce the time and cost of the onboarding process in order to generate efficiency in the internal processes of the companies involved. In fact, the initiative aims at sharing the information necessary for O-KYC processes among participants in the ecosystem through the creation of a wallet that allows the customer to authorize the transfer of their information from the Custodian to the Applicant. All in line with the GDPR regulation on data management, thus ensuring the security of the entire process, full control to the end user of their data and possible remuneration in the form of "tokens" expendable within the ecosystem.
The O-KYC initiative stems from the need, expressed by all system players, to reduce costs, time and complexity that significantly affect the operation of these processes. The O-KYC solution will be developed within an experimentation path on real data called "Sandbox" that has already been successfully tested in the past. The project is overseen by a Stakeholder Committee composed of the initiative members.
Leading the initiative are CeTIF Adivisory, a spinoff ofUniversità Cattolica and Intesa, an IBM Group company, which will be responsible for coordinating and developing the project, as well as adopting a Compliance by Design approach. The project will rely on the application development and integration capabilities of CherryChain, a Fintech startup, and the technology blockchain in IBM cloud under the Startup with IBM program. Many stakeholders have already signed up for the initiative, with more than 15 companies from major national industries having already joined and many more players joining in the running.