Digital payment authentication services provider Wibmo has introduced a new fraud management system for digital payments called Trident.
The new solution is set to replace the company’s first generation fraud prevention system called eGuard, which is used by many banks in India.
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By GlobalDataTrident is designed as an enterprise fraud prevention system to detect fraud in real-time utilising a combination of rules-based approach and advanced analytics.
Wibmo CEO Govind Setlur said: “Being offered in the industry as a low cost, best-of-breed capability, Trident leverages our longstanding insight into the payment security domain in India.
“The experience with eGuard, 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 Trident designed for emerging markets such as India.”
The new solution is supported on various channels, devices as well as payment instruments.
For every transaction, it provides a unique score in real time on the basis of point-in-time fraud trends and patterns, customer behaviour and historical data.
Additionally, Wibmo facilitates extensions for configuration of regulatory controls for the Indian market.
