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advisory

Cetif, Nexi and Reply revolutionize the surety industry with a new platform based on blockchain

The solution, which is already operational, enables secure and transparent management of the entire warranty lifecycle, contributing to digitization and the fight against fraud.
21.10.2024
They say about us

The world of surety bonds is ready to take a leap into the future. Thanks to the collaboration between. Cetif Advisory , Nexi and Reply, the first Italian platform capable of fully digital and secure management of the entire life cycle of surety bonds has been born.

Born out of the need to overcome critical issues in the industry, such as poor digitization and high fraud, the platform is based on technology blockchain, ensuring transparency, traceability and immutability of data.

A long and complex journey

The development of the platform was a long and articulated journey that lasted more than five years. After an experimentation phase involving numerous companies in the sector, we moved on to industrializing the solution, adapting it to new regulations and the requirements of the Digital Italy Agency.

The advantages of the new platform

The new platform offers many advantages, including:

  • Full digitization: the entire process, from application to verification, is handled digitally, eliminating the need for paper documents.
  • Security and transparency: technology blockchain ensures data immutability and traceability of every transaction.
  • Efficiency: surety bond processing time is greatly reduced.
  • Fraud reduction: the platform integrates advanced security mechanisms to prevent and counter fraud.

The first accessions

Banca Passadore was the first bank to join the platform, uploading the first digital surety bond. This represents a key step toward spreading the solution throughout the industry.

Prof. Federico Rajola, president of Cetif Advisory , commented:

"We are proud to have contributed to this revolution in the surety bond industry. Our platform is a concrete response to market needs, offering a secure, efficient and transparent solution."

Renato Martini, Digital Banking Solutions Director at Nexi, said:

"The blockchain technology enables us to offer innovative and high-quality services to our clients. We are convinced that this solution can help improve the efficiency and security of the entire financial system."