Wibmo’s Risk based Authentication helps issuers gauge transaction risk, mitigate fraud and keep the customers’ ease of transacting seamlessly a top priority.
In today’s mobile-first world, ‘instant’ is a way of life. Whether it is ordering food online or booking tickets, customers want hassle-free payment experiences. The onus of validating the authenticity of the customer lies with issuers as fraudsters get slick with sophisticated means of manipulating data. Issuers need an intelligent risk-based authentication (RBA) that will help them leverage data insights for real-time risk decisioning to stay ahead of these fraudsters. Wibmo’s RBA helps issuers gauge transaction risk, mitigate fraud and keep the customers’ ease of transacting seamlessly a top priority.
Backed with our dynamic risk engine RBA gauges the fraud potentiality and provides a real-time risk score. If the score is high, the user is challenged with a step-up for transaction to be either approved or denied. The decisioning is more meticulous as data is drawn from our hybrid risk models which combines algorithms, business rules and dynamic rules.
Data collated from diverse sources become a series of parameters to create strong profiles. The parameters include: