Advance billing

anti-fraud system - in collaboration with CBI Globe

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Project

In the banking sector, Acrm net has developed for CBI Globe, an engine for recognising invoices brought to discount by companies for all financial institutions. This platform, which includes inferential logic (AI), is able to alert financial institutions, the Internal Revenue Service and the Bank of Italy to risky situations in real time. The system is currently being tested under the supervision of the Bank of Italy and ADE.

The main feature of the centralised database, is to guarantee, to the adhering sector operators, a ‘shield’ against fraud that can be perpetrated by requesting credit advances, using the same security at the same time with several IdCs.
The idea is that of a shared container among the IdCs, in which requests for advance payments on issued invoices converge. Through appropriately designed procedural constraints, the user using the system is always informed of the status of the invoice he is interested in, with respect to the advance request by the creditor.

Goals

Security

Increase in the efficiency of the banking and financial system improvement of the processes of the players in the sector aimed at the disbursement of credit connected with the advance of invoices reduction of fraud and credit risk with consequent advantages in favor of the banking, financial and insurance system

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The typical profile of victims in credit

the distribution of fraud has shown that the majority of victims are men (64.9%) while the analysis by age group showed that the greatest increase in cases concerned the age group 18-30 (+ 23.2%) and 31-40 years (+ 6.4%) while cases of fraud towards the older classes of the population decreased (51-60 -11.0% and over 60 -15.7%).

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