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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.
Banca Valsabbina enters Surety Schield's capital by acquiring 9.1 percent as part of a round worth a total of 2.25 million euros and involving other investors.
Fintech startup develops a solution for digital management of surety bonds and insurance bail bonds. The Digital Sureties platform, developed by CetifAdvisory, a spin-off of Cetif, a research center of theCattolica Università del Sacro Cuore, and conferred in Surety Shield, is an innovative solution based on blockchain technology that allows managing the entire lifecycle of bank surety bonds and insurance bail bonds.
Today Cetif Advisory represents the majority shareholder of Surety Shield and actively contributes to the development of the ecosystem. The tool can be used by all actors involved in the surety process: banks, insurance companies, licensed financial institutions, public administration, contracting stations and contractors.
The goal of the project is to respond to the strong digitalization needs of the industry, improve the transparency and security of guarantees issued by banks and insurance companies, reducing the risk of fraud and simplifying the operational processes of the different parties.
The transaction is part of Banca Valsabbina's activities aimed at supporting high-tech projects that benefit financial services innovation, including making the most of efficient digital processes, mitigating risks and issues.
"This operation is part of our strategy to support innovation in financial services and our desire to contribute to the development of digital solutions with high added value," Hermes Bianchetti, Banca Valsabbina's deputy deputy general manager, commented in a note. "The Fideiussioni Digitali platform is an important step forward for the sector, because it meets concrete needs for transparency, efficiency and security, particularly in relations between businesses, banks and the public administration.
As a credit institution that has always been close to the productive fabric, we believe in the value of these initiatives and want to be an active part of an ecosystem that evolves thanks to technology and collaboration between complementary actors.
Surety Shield's entry into the capital crowns a particularly active two months for the Bank, which through targeted and diversified investments further consolidates its strategic positioning."
"This initiative represents a virtuous example of how the university system and the financial and insurance system, in collaboration with regulators and the public administration, have managed to converge ideas and projects that have resulted in the unique platform," says Federico Rajola, professor of Business Organization and director of Cetif, a research center of theCattolicaUniversità , as well as president of Cetif Advisory. "Precisely through university spin-off operations, we have been able to take an important step toward an ecosystemic convergence of digitization.
It involves the use of advanced technologies that promote the reduction of high levels of fraud, and the improvement and rationalization of processes and operational efficiency. We are grateful to Banca Valsabbina, which over the years has shown itself to be a capable player in intercepting innovation initiatives, and to the other industrial investors who have been able to recognize the quality of the work done so far.
While this capital increase lays the groundwork for continued investment in the evolution of capabilities and integration of advanced AI tools, it also allows for accelerated adoption and deployment."
"We are particularly excited about this extraordinary operation," adds Antonio Sorrentino, CEO and co-founder of Surety Shield, "as it represents a strategic opportunity to accelerate our organic growth path and allows us to be joined by a major institutional investor like Banca Valsabbina. A few months after the entry into force of the new legislation, which introduces mandatory blockchain verification of sureties in public procurement, our platform has already handled a significant number of transactions. Numerous banks, insurance companies and contracting stations are already actively operating, confirming the relevance of the solution and helping to consolidate our leadership position in the sector nationwide."