Mediobanca has announced the release of its agoraPlatform for automated issuance and lifestyle management of investment certificates.
The platform digitises the firm's certificate issuance process, using distributed ledger technology (DLT) to achieve operational efficiency.
Developed in conjunction with UK-based agora Digital Capital Markets, the project will facilitate growth in investment certificates, an area where Mediobanca claims to be a leading player with more than 300 issuances per year.
According to Mediobanca, agoraPlatform will reduce the production time of documentation for investment certificates issuance, with much of the information becoming automatic as manual input is reduced to the initial phase only.
The infrastructure facilitates interaction between different units in the capital markets area in a digital environment. As a result, it enables issuance documents to be drawn up and finalised automatically.
Marco Pozzi, Mediobanca Group COO, comments: “Digitalising issuance workflows is a new achievement for Mediobanca in its technology innovation road map. Through this innovative platform, Mediobanca aims to increase the volume of issuances, and so satisfy the growing demand from its distributors.
“The adoption of DLT technology lays the foundation for further automation of the lifecycle post-trading, both internally and externally, in an ecosystem that in the future may include central securities depositories and issuing partners.”
