Brazilian federal bank Caixa Economia Federal (CEF) is the country’s first financial institution to sell digital certification services.
The launch comes months after previous forecasts. In July 2002 CEF started a digital certification pilot programme, and executives were quoted as saying the service would be ready in August. Until now private companies Serasa and Certisign, and the finance ministry’s data processing unit Serpro, have dominated the digital certification market. CEF expects that 1.2mn online corporate banking clients will buy digital certification services.
CEF is Brazil’s second largest federal bank, behind Banco do Brasil.