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

Descrizione del progetto

Una nuova piattaforma per combattere le frodi nei trasferimenti bancari

Ogni anno si perdono centinaia di milioni di euro a causa di frodi nei trasferimenti bancari, un problema in aumento. Secondo gli studi effettuati, più della metà delle frodi commesse riguarda il fornitore. Il progetto COBAFRA, finanziato dall’UE, contribuirà alla commercializzazione di una piattaforma collaborativa progettata e creata da direttori finanziari e tesorieri, My Sis ID. La piattaforma è altamente sicura, non è corredata da alcun sistema di pagamento e la sua interfaccia è incentrata sulla parte relativa all’identità del processo di pagamento. Essa si integra con i sistemi di clienti e fornitori esistenti e, incorporando tecnologie di intelligenza artificiale e blockchain all’interno della propria soluzione, apporta benefici sia per i clienti, sia per i fornitori: i primi possono infatti invitare i secondi sulla piattaforma, e viceversa. Non esistono attualmente soluzioni analoghe.

Obiettivo

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.

Invito a presentare proposte

H2020-EIC-SMEInst-2018-2020

Vedi altri progetti per questo bando

Bando secondario

H2020-SMEInst-2018-2020-1

Meccanismo di finanziamento

SME-1 - SME instrument phase 1

Coordinatore

SIS
Contribution nette de l'UE
€ 50 000,00
Indirizzo
LE BRITANNIA ALLEE C 20 BOULEVARD EUGENE DERUELLE
69003 LYON
Francia

Mostra sulla mappa

PMI

L’organizzazione si è definita una PMI (piccola e media impresa) al momento della firma dell’accordo di sovvenzione.

Regione
Auvergne-Rhône-Alpes Rhône-Alpes Rhône
Tipo di attività
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Collegamenti
Costo totale
€ 71 429,00