Combatting Banking Fraud with SiS-id: A unique solution for preventing corporate payments fraud using AI and blockchain

Descripción del proyecto

Nueva plataforma para combatir el fraude en las transferencias bancarias

Cada año se pierden cientos de millones de euros por el aumento del fraude en las transferencias bancarias. Los estudios demuestran que más de la mitad de los fraudes cometidos están relacionados con proveedores. Con el proyecto COBAFRA, financiado con fondos europeos, se facilitará la comercialización de una plataforma colaborativa diseñada y creada por directores financieros y tesoreros: My Sis ID. Se trata de una opción altamente segura, sin sistema de pagos y cuya interfaz aborda el aspecto de la identidad durante el proceso de pago. La plataforma se integra con los sistemas existentes de clientes y proveedores y, al incluir la inteligencia artificial y la cadena de bloques en su tecnología, beneficia tanto a clientes como a proveedores, ya que los clientes pueden invitar a sus proveedores a la plataforma y estos, a su vez, a sus clientes. En la actualidad, no existe ninguna solución similar.

Objetivo

Corporate banking fraud is on the rise. 70% of companies in France alone reported fraud or attempted fraud last year. At the international level, 30 % of companies lost between 85 thousand and 4,2 million EUR. Fraud is without borders and growing in sophistication. Preventing fraud is now the No. 1 priority for Financial Directors. Over half of fraud committed is supplier fraud. How can companies be assured they are paying the genuine supplier and not a fraudster who had usurped its identity?

My SiS-id, a highly secure, innovative platform helps guarantee that payments go to the right company and keeps the banking identity of companies safe online. My SiS-id is different because:
- It is not a payment system but an interface that addresses the identity part of the payment process. It integrates with customer and supplier existing systems
- SiS-id has integrated AI and blockchain into its solution to reinvent and enhance the traditional data-pooling and enrolment models
- My SiS-id benefits both customers and suppliers. Information has to be acquired and authenticated one time only to be made available to all
- It is a viral business model: customers invite their suppliers onto the platform, suppliers in turn invite their suppliers and also their customers
- The solution was co-developed with 13 pioneer customers (CFOs and Treasurers) to ensure it solves the business need, not technology for technology sake
- My SiS-id is blue ocean strategy. No other such solution currently exists. The other solutions on the market only tackle parts of the problem.

The platform was developed in just 23 months and launched commercially in November 2017.
The platform is currently being deployed in 2 clients in France, and 7 further companies are at contract stage.
Our 13 pioneer accounts have shared their intention to deploy the solution at a cross-border level. Fraud has no borders and we believe the market potential in Europe and beyond is potentially considerable.

Ámbito científico

Programa(s)

Tema(s)

EIC-SMEInst-2018-2020 - SME instrument

Convocatoria de propuestas

H2020-EIC-SMEInst-2018-2020

Consulte otros proyectos de esta convocatoria

Convocatoria de subcontratación

H2020-SMEInst-2018-2020-1

Régimen de financiación

SME-1 - SME instrument phase 1

Coordinador

SIS

Aportación neta de la UEn

€ 50 000,00

Dirección

LE BRITANNIA ALLEE C 20 BOULEVARD EUGENE DERUELLE
69003 LYON
Francia

Pyme

Sí

Región

Auvergne-Rhône-Alpes Rhône-Alpes Rhône

Tipo de actividad

Private for-profit entities (excluding Higher or Secondary Education Establishments)

Enlaces

Contactar con la organización

Participación en los programas de I+D de la UE

Red de colaboración de HORIZON

Coste total

€ 71 429,00