Award · Financial Services
Wibmo wins award for digital banking security
By Startup Enthusiast ·
- Date
- Company
- Wibmo
- What it does
- Full-stack payment technology provider
- Kind
- Award
- Sector
- Financial Services
What they do
Wibmo provides comprehensive payment technology solutions including fraud management, digital financial services, and merchant-acquiring services for banks…
What happened
The company received the Best Digital Banking Security Practices award at the 2026 Global Fintech Awards for its Intelligent Authentication Suite
Why it matters
Wibmo currently secures over 4 billion transactions annually and serves more than 200 financial institutions across 30 countries worldwide
The details
- Wibmo won the Best Digital Banking Security Practices award at the Global Fintech Awards 2026.
- The recognition highlights the company's Intelligent Authentication Suite which utilizes risk-based authentication.
- This suite enables step-up authentication to verify identities when specific risk indicators are detected.
- The technology allows trusted transactions to proceed with minimal friction for the end user.
- Wibmo operates as a subsidiary of PayU and maintains a presence in India, the US, and Indonesia.
The bigger picture
- Wibmo claims to be the largest authentication service provider in India.
- The company maintains high-level security certifications including PCI DSS 4.0.1 and ISO 27001:2022.
- Its solutions are designed to balance robust fraud prevention with seamless user experience.
About the business
- Wibmo offers a full-stack PayTech platform for issuers and acquirers.
- The FRM (Fraud and Risk Management) solution uses AI for real-time risk scoring.
- The Orchestrator platform uses AI and machine learning to optimize payment routing.
- The company provides a Payment Gateway with a capacity of 3000 transactions per second.
- It offers tokenization services through both Issuer and Acquirer Token Hubs.
- The Prepaid Platform manages the full lifecycle of virtual and physical cards.
- A dedicated Subscription management platform helps increase success rates for recurring payments.
The deal
- Type
- award
Founders
- Shailesh Paul, CEO
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