back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Wibmo launches Tridentity, a multi-factor authentication solution 

By Leandra Monteiro

October 29, 2021

  • Digital Payments
  • India
  • Mobile Banking
Share

WibmoConsumers today are always on the go and expect everything to be done quickly. Failure or delay in SMS delivery is inconvenient for end customers. A biometric, push notification or offline OTP on the other hand, is an easy and fast medium to authenticate the transaction and complete it securely resulting in customer delight.

Against this backdrop, Wibmo, a provider of business-critical digital payment solutions, has launched its latest service– Tridentity- an out-of-band multi-factor authentication solution. Tridentity integrates with mobile banking apps. The solution offers authentication methods such as offline OTP, push notifications, biometric. The Solution can be integrated as SDK to perform uniform authentication for digital payment channels.

Wibmo’s Tridentity is a next-generation multi-factor authentication solution, which offers the perfect balance between the convenience that the consumers need and the security that banks and regulators require. The innovative solution allows much more than just OTPs, improving consumers purchase experience and fast track purchases. Tridentity offers both iOS and Android support.

Banks are always looking for ways to provide a seamless consumer experience with frictionless transactions. Tridentity combined with Trident, Wibmo’s Fraud and Risk Management platform, creates an experience that combines Risk assessment, authentication security delivering a payment experience that is unmatched in industry.

Tridentity’s ambit not only helps on payment transactions but adds to multiple use-cases such as adding beneficiaries, funds transfers, bank account login, etc making it simpler and more secure than ever before with the multifaceted solution.

Speaking on the launch, Suresh Rajagopalan, CEO, Wibmo said, “The security challenges with SMS delivery, abandoned carts, and low success rates have been intrinsic of the SMS OTP model since its inception. It is a time when consumers want convenience as well as speed and security; if SMS delivery fails or is delayed, the consumer’s experience is impacted.

With Tridentity, this is the very issue that Wibmo aims to address. Now, consumers can seamlessly authenticate for all payment channels using an array of customizable solutions. We believe, Tridentity will unlock the next phase of evolution within the identity verification space and change the way we access and authenticate transactions.”

SMS is expensive in many countries, and the dependency on SMS for OTP delivery to authenticate a transaction is a costly affair, even in India, the cost of Priority SMS has increased. Ironically, sometimes the cost of SMS is more than the cost of transactions. This is, therefore, an opportune time for companies to move away from SMS-based OTP. Tridentity’s solution offer both cost-saving and improved customer experience.

Previous Article

October 29, 2021

Clear Junction announces the launch of its Partnership Programme

Read More
Next Article

October 29, 2021

Colt Technology Services expands its capital markets offering into Latin America

Read More










IBSi Daily News Analysis

September 26, 2022

Digital Payments

How will corporate banking predictions affect technology buyers?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Wise Platform rolls out its new International Receive Service

Read More

Today

4 popular digital payment gateways in India

Read More

Today

Bharat Billpay and Federal Bank partner with LuLu Financial Group

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022