Vyntra, a global leader in transaction intelligence, has launched its Payment App Protection solution.
The company has launched the product in response to the growing misuse of mobile payment applications, which are increasingly exploited for money mule activity, account takeovers, fake listings, peer-to-peer scams and social engineering attacks.
Vyntra specialises in delivering intelligent analytics and financial crime prevention technology. Its platform leverages sophisticated data insights to help banks and payment providers detect fraud, meet AML requirements and monitor transactions in real time across complex financial ecosystems.
Payment App Protection uses customer data, transaction behaviour and network risk scores to rapidly identify potentially fraudulent activity. It enables pre-authorisation checks that can dynamically block suspicious payees, fake merchants and money mules before funds are released, while still keeping banks and payment providers in full operational control.
The solution offers real-time visibility into risky transaction patterns and employs collective intelligence across the broader financial network. Its Community Scoring & Intelligence capability allows institutions to benefit immediately from fraud detections made elsewhere, strengthening industry-wide protection. It also mitigates threats such as device enrolment compromise, advance goods scams and fraudulent QR-code activity.
With the rise of second-hand marketplaces and instant money transfers, consumer protections and oversight have not kept pace. Vyntra’s technology enables financial institutions to reduce reputational risk, streamline investigations and safeguard customers from increasingly sophisticated and fast-moving criminal tactics.
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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