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An advanced online anti-fraud software equipped with deep learning Artificial Intelligence that can face and detect, current fraudulent techniques and their continued evolution in a cost effective man

Objective

"The impact of cybercrime is a growing concern in a society that increasingly interacts online. In the EU the cost of
cybercrime has reached €871 billion a year and fraudulent card transactions amounted to €1.27 billion. The high number of
online frauds coupled with the low level of cybersecurity deters businesses, and in particular SMEs who may not be able to
afford comprehensive anti-fraud services, from fully exploiting the potential of e-commerce. UNFRAUD is a software product
that prevents potential online fraud scenarios by analysing previous and current fraudulent invents through deep learning
artificial intelligence to tackle the new challenges that fraudsters devise. UNFRAUD’s algorithms are similar to one’s used by
Google for self driving cars and facial recognition (i.e. deep AI that recognizes human errors, behaviours and surroundings)
and through this deep learning it is able to detect ""fraudulent"" behaviour. This makes UNFRAUD much more reliable as well
as greatly reducing the cost of anti-fraud services, allowing companies to operate and grow safely. During the Phase 1
feasibility study the project will focus on identifying and securing the key partners required for commercialisation,
establishing a sound business model and commercialization strategy, and planning a pilot test with a bank, big e-commerce,
enterprise, telecommunication company and public administration in order to fully demonstrate and assess the products
capabilities."

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

TXN SRL
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
VIA CALVARIO 5
83031 ARIANO IRPINO
Italy

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Sud Campania Avellino
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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