The trust problem
SABRIC recorded R2.7 billion in confirmed financial crime losses in South Africa during 2024. Identity controls can all return "verified" — correct credentials, correct second factor, recognised device — and a transaction can still be fraudulent, because identity answers only one question while a trust decision depends on several more.
What trusted outcome is required
Confirmation of facts an authoritative organisation already holds — such as whether a SIM has recently changed, or whether a transaction is consistent with an established banking relationship — rather than each organisation independently reconstructing the same check.
This page does not claim a specific fraud-reduction outcome for any Gwirio deployment. It describes a proposed application of Trust Infrastructure, drawing on published fraud statistics and existing GSMA and banking material.