Award Announcement
Wibmo, a PayU‑owned full‑stack PayTech provider, was announced as the winner of the Best Digital Banking Security Practices sub‑category under the Excellence in Banking Tech segment at the Global Fintech Awards 2026. The recognition followed a rigorous evaluation process and strong competition, highlighting the company’s contribution to digital banking security.
Recognized Solution
The award specifically honoured the Wibmo Intelligent Authentication Suite (IAS) equipped with Risk‑Based Authentication (RBA) Step‑Up Authentication. This capability enables banks to trigger additional verification when risk indicators exceed predefined thresholds, while allowing low‑risk transactions to proceed with minimal friction. The integrated suite combines real‑time risk assessment with authentication, allowing financial institutions to deliver secure yet seamless digital payment experiences.
Market Context
The press release notes that digital banking is evolving rapidly, with institutions facing increasingly complex security requirements, shifting customer expectations, and a heightened need for real‑time protection. Wibmo IAS with RBA‑based step‑up authentication is positioned to help banks address these priorities through intelligent, risk‑aware decision‑making across digital payment journeys.
Executive Comment
Commenting on the award, Shailesh Paul, Chief Executive Officer of Wibmo, said: “This recognition at the Global Fintech Awards 2026 underscores the immediate case for strong risk intelligence in authentication. Wibmo's RBA‑based Step‑Up Authentication helps banks strengthen digital payment security through risk‑aware authentication by stepping up transaction authentication when needed and in real‑time. Security is central to building trust in our evolving payments landscape, and this achievement reflects the dedication of our teams, the confidence of banks and our commitment to advancing innovation across digital payments.”
About Wibmo
Wibmo operates across entities in India, the United States, and Indonesia. It is described as a global full‑stack PayTech company and an industry leader in payment security and digital payments within emerging markets. The firm claims to be India’s largest authentication service provider and offers a broad portfolio that includes fraud and risk management solutions, digital financial services, prepaid solutions, and merchant‑acquiring services.
Source Note
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