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P.

40

Cecabank Report 2018

Corporate Culture

3 | 3.2

The consortium enables entities

to learn to develop under

blockchain technology

Blockchain

The first Blockchain consortium in the Spanish financial sector,

Niuron

,

(comprising 8 institutions and led by Cecabank) and Grant Thornton have

developed a platform to quickly and securely verify the identity of a person

when registering as a client.

The purpose is to solve a common problem for all financial institutions that

need to ensure the truthfulness of the client’s identity when working with

them for the first time. The new platform

allows to carry out checks quickly

and securely

and always with the client’s explicit consent, strictly complying

with the current data protection regulation (GDPR) and with the highest

standards of security.

The development of this project has enabled companies to continue to

develop opportunities with blockchain technology, mostly via the transfer of

knowledge to its professional teams.

Inizia

It is Cecabank’s new innovation investment model. We are committed to

diversification, driving change and disruption, investing in companies under

a unique programme to help technological startups advance.