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Cross-border transfers are a prime target for fraud, SIM swap interception, and beneficiary rerouting. Pynara adds a mandatory human confirmation step before value leaves the institution — ensuring funds reach the intended recipient only upon verified approval.
Unauthorised beneficiary change, SIM swap fraud
For accounts belonging to elderly, cognitively impaired, or otherwise at-risk customers, Pynara enables a guardian or nominated third party to approve high-value or unusual transactions — protecting against financial exploitation and coerced payments.
Financial exploitation, coerced or fraudulent payments
Pension disbursements, beneficiary updates, and fund withdrawals carry significant fraud exposure. Pynara ensures no disbursement or account change proceeds without confirmation from the verified account holder or authorised administrator.
Fraudulent beneficiary changes, pension diversion
As intra-African trade scales under AfCFTA, compliant payment corridors require embedded safeguarding. Pynara adds approval checkpoints to trade settlement flows — enabling financial institutions to meet regulatory requirements while supporting corridor expansion.
Trade fraud, non-compliant cross-border settlements
SIM swap attacks compromise mobile banking authentication by redirecting OTPs and approval messages to attacker-controlled devices. Pynara's out-of-band confirmation channel is designed to remain operational even when the primary device has been compromised.
SIM swap fraud, OTP interception
Large deposit claims and withdrawal requests carry heightened fraud and identity risk. Pynara intercepts high-value claim submissions, routes confirmation to the verified depositor or their authorised agent, and only allows processing upon a signed approval response.
Fraudulent deposit claims, identity impersonation
Insurance payouts are an attractive fraud vector. Pynara embeds a safeguarding step into the claims disbursement flow — ensuring each payout is explicitly approved by the verified policyholder before funds are released, with a complete audit trail for dispute resolution.
Fraudulent claims, ghost policyholder payouts
See how Pynara can be configured for your specific use case in a 30-minute product demo.