Vyntra has unveiled its Payment App Protection solution as mobile payment applications increasingly serve as conduits for illicit activity, including peer-to-peer scams, fake goods listings, account takeovers and social engineering attacks.
Vyntra provides intelligent analytics and financial crime prevention technology designed to strengthen fraud detection and compliance capabilities. Its tools enable banks and payment providers to gain real-time insights across transaction networks to reduce risk and support regulatory requirements.
Payment App Protection offers an enhanced method of fraud detection within mobile payment ecosystems. It integrates customer data, behavioural patterns and network-generated risk scores to identify threats with improved speed and accuracy. The system performs instant pre-authorisation checks, dynamically blocking suspicious payees, fraudulent merchants and money mules before funds are transferred, while allowing institutions to maintain complete operational control.
The solution addresses vulnerabilities created by secondhand marketplaces and instant transfer platforms, areas where regulatory oversight and consumer protections remain limited. It gives institutions real-time visibility of risky transaction patterns and leverages collective intelligence from across the financial network.
Its Community Scoring & Intelligence feature enables banks to benefit immediately from fraud detections made elsewhere in the ecosystem, bolstering defences sector-wide. The technology also detects risks such as device enrolment compromise, advance goods scams and fraudulent QR-code activity.
By preventing mule activity and isolating accounts engaged in rinsing schemes, Vyntra’s technology helps reduce reputational exposure for financial institutions. It also streamlines investigation workloads and provides stronger protection for customers facing increasingly complex and deceptive fraud schemes.
Vyntra chief product officer Yoann Vandendriessche said, “Payment apps have become one of the fastest growing channels for financial crime and with Payment App Protection, we can help banks and payment providers to act instantly against emerging fraud threats, allowing them to share intelligence securely and deliver safer and more trusted digital experiences to their customers.”
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