Press Release
Media Contact: Milind Borkar, info@illuma.cx
Illuma Named Finalist in Two 2026 Credit Union Times Luminaries Awards Categories
Illuma recognized for advances in AI and Founder and CEO Dr. Milind Borkar honored for executive leadership
Illuma, the FinTech leader in Voice Security, today announced that it has been named a finalist in two categories in the Credit Union Partners segment of the 2026 Credit Union Times Luminaries Awards. Illuma is a finalist for ‘Product Innovation — Advances in AI’, and Founder and CEO Dr. Milind Borkar is a finalist for ‘Executive Leadership — Technology Vendor’.
The ‘Product Innovation — Advances in AI’ recognition highlights Illuma’s use of artificial intelligence as a core component of its Voice Security technology. IllumaSHIELD™ helps credit unions strengthen authentication, improve the member experience, and protect members from increasingly sophisticated fraud, including voice cloning and other AI-driven threats.
The ‘Executive Leadership — Technology Vendor’ recognition honors Dr. Borkar’s leadership in advancing technology solutions for the credit union industry. Under his leadership, Illuma has focused on making advanced Voice Security accessible to financial institutions of all sizes while reducing authentication friction and strengthening fraud prevention.
The two finalist selections recognize Illuma’s technology and the leadership behind its mission to make voice interactions easier, smarter, and more secure for credit unions and their members. An independent panel of industry professionals will select the winners.
Winners will be announced during the fifth annual Credit Union Times Luminaries Awards reception and dinner on November 5, 2026, at the JW Marriott Bonnet Creek Resort in Orlando, Florida.
About the Credit Union Times Luminaries Awards
The Credit Union Times Luminaries Awards recognize individuals and organizations championing innovation, advancing financial well-being, and making an impact on members, communities, and the credit union industry. For more information, visit events.cutimes.com/cutimes-luminaries-awards.
About Illuma
Illuma is the FinTech leader in Voice Security and the only CUSO dedicated to securing voice interactions for financial institutions. IllumaSHIELD™ is a comprehensive Voice Security platform that combines real-time voice authentication, fraud prevention, adaptive multi-factor authentication (MFA), deepfake detection, and Human + AI collaborative intelligence to continuously verify identity and secure every conversation. Implemented in days, IllumaSHIELD™ helps organizations reduce fraud, streamline authentication, and deliver more secure, seamless account holder experiences across contact center and self-service channels.
Illuma’s leadership in Voice Security has been recognized through multiple Best in Show and innovation awards, including Finovate, VentureTech, the CreditUnions.com Innovation Series, NACUSO’s Next Big Idea Competition, and The League of Credit Unions & Affiliates Shark Tank. For more information, visit illuma.cx.