India Development News & Foreign Investment Opportunities

TridentTM for banking fraud prevention

Wibmo secure payment transactions

0

Wibmo secures payment transactions

 

Tajmahal

California-based Wibmo Inc., India’s largest provider of digital payment authentication and security, has launched TridentTM, the next generation fraud management system for digital payments for Indian banks.

TridentTM is designed to replace eGuardTM, the company’s first-generation fraud prevention system in use by leading banks in India.

TridentTM is a comprehensive, enterprise fraud prevention system that performs real-time fraud detection with a combination of rules-based approach and advanced analytics augmented with machine learning.

“Being offered in the industry as a low cost, best-of-breed capability, TridentTM leverages our longstanding insight into the payment security domain in India,” said company CEO Govind Setlur announcing the launch on 28 June 2018.

“The experience with eGuardTM, which today secures millions of payment transactions at India’s leading banks, and the industry leadership in payment authentication has enabled us to launch an intelligent, low cost fraud management capability in TridentTM designed for emerging markets such as India,” he said.

TridentTM is designed to work across multiple channels, devices, and payment instruments seamlessly.

It profiles and scores each transaction in real-time based on point-in-time fraud trends and patterns, historical data, and customer behavior.

TridentTM brings to bear a number of innovations to protect all parties in a payment transaction.

With its seamless integration of dynamic rules, machine learning, device intelligence, and behavioral analytics, TridentTM truly brings state-of-art fraud protection to digital payments.

Further, in markets such as India, it supports extensions for configuration of regulatory controls and consumer-centric, multi-instrument fraud scoring and prevention.

Wibmo Inc. a Cupertino, California company is a leading provider of payment security and mobile payments in emerging markets with a strong market presence in India, one of the world’s leading digital payment markets. fiinews.com

Leave A Reply

Your email address will not be published.