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advisory

Surety bonds, first platform operational on blockchain

Created by Cetif Advisory , in collaboration with Nexi and Reply, it is the result of five years of development. The first pilot bank on the application is Banca Passadore, which has been active since Sept. 12.
17.10.2024
They say about us

Cetif Advisory, in collaboration with Nexi and Reply, launches the "first Italian platform" for the life-cycle management of surety bonds and notarization on technology blockchain. Fideiussioni Digitali has been operational on the market since last September, and the first surety bond was recently uploaded to the application. The platform is the result of years of development, starting in October 2019, when the main critical issues in the surety industry were identified, including poor digitization, high fraud and unstructured management.

The first pilot bank on the Digital Sureties platform, is Banca Passadore, which as of September 12, 2024 is fully operational and has uploaded the first surety bond to the application, enabling notarization of surety bonds at blockchain. 

"Passadore Bank," say the bank's management, "expresses satisfaction with the launch of the innovative platform. The decision to invest in this new tool confirms the constant attention devoted to technological infrastructure for the provision of reliable and innovative banking services, with cutting-edge solutions that aim to integrate, with simple and efficient tools, the personalized relationship with the customer."