- - Semsoft, Rennes [Project Developer]
- - CLS, Plouzané
- - IRISA, Lannion
Industrials use financial products such as documentary credit offered by banks to facilitate and ensure the security of international import and export operations.
Before granting any financing, banks undertake a whole series of verification procedures to ensure the authenticity of the transactions involved. They are also obliged to conduct checks in order to comply with regulations to prevent money-laundering and terrorist financing.
Given the complexity of the verification process, these checks are mainly carried out manually. They demand considerable human resources and a huge amount of time, leading to extra delays for the end-client in receiving their goods.
The CREDOC project will devise a solution that automates the process conducted by financial institutions to monitor and check the shipment of goods.
The CREDOC project is also officially recognised by the Pôle Images & Réseaux cluster.