Stories
AI Transforms Payment Security: Wibmo Unveils Future of Trust at Global Fintech Fest 2026
- •Shailesh Paul, CEO of Wibmo, a PayU company, discussed the evolution of payment security at Global Fintech Fest 2026, emphasizing a shift beyond OTPs to AI-driven authentication and fraud intelligence.
- •The future of payments, especially in agentic commerce, requires continuous trust across the entire transaction journey, not just a single checkpoint, addressing questions of user mandate and agent authorization.
- •Wibmo introduced PayU FlashPay, enabling biometric authentication (fingerprint/Face ID) for online card payments on merchant apps, significantly reducing reliance on SMS-based OTPs for a smoother, more secure experience.
- •AI and machine learning are crucial for intelligent fraud detection, with Wibmo's risk-based authentication analyzing context and behavior to distinguish between low-risk and suspicious transactions, adapting security responses proportionally.
- •Wibmo also unveiled Agentic Risk Intelligence Assistant (ARIA), an AI-powered platform designed to streamline financial crime operations by assisting human investigators in analyzing cases, identifying root causes, and preparing documentation, enhancing efficiency without replacing human judgment.
Key Questions Answered
PayU FlashPay enables biometric authentication for online card payments on merchant apps using a customer's fingerprint or Face ID on supporting Android and iOS devices. This approach reduces reliance on SMS-based one-time passwords, helping to bring security and convenience closer together while making authentication a more natural part of the checkout experience.
Wibmo's risk-based authentication approach evaluates the context and behaviour surrounding a transaction rather than treating every payment identically. Low-risk transactions proceed with minimal intervention, while transactions raising concerns trigger stronger authentication or can be blocked entirely when risk is sufficiently high.
ARIA is an AI-powered platform introduced by Wibmo at GFF 2026 to transform financial crime operations by taking on investigative heavy lifting. It analyses cases, identifies root causes, prepares relevant documentation, and presents its findings to human investigators to help them reach decisions faster.
