

With emerging global regulations such as the Regulatory Technical Standards (RTS) of the Revised Payment Services Directive (PSD2) section 9.3 mandating FinTech players to use 2-factor authentication to improve security posture, organizations in the segment are equally obligated to choose the right technology platform capable of combating data breaches, scalable phishing, and account takeover attacks. Legacy 2FA methods like SMS based OTP are being deprecated or restricted. RTS specifically describes the use of “separated software execution environments” for achieving SCA “so that the breach of one does not compromise the reliability of the other”. FinTech companies, however, may lack the resources or expertise to design a robust authentication strategy. “For a FinTech company whose core business is not authentication, the process can get overwhelming. They also have to consider user interaction design, branding experience, adaptive risk-appropriate authentication, and transaction fulfillment methods, whether it is on device biometrics, security keys, SMS or Push-based OTP etc. We take all these complexities out of the equation and provide a simple way to integrate user-interaction design, branding, and security methods within authentication,” explains Jatin Maniar, CEO of Singular Key, a Washington-based FinTech solution provider.
By combining the power of open security standards such as FIDO, WebAuthn, public-key cryptography, and modern authenticators, Singular Key helps clients abide by all security, risk, and compliance protocols, all while reducing the cost of ownership.

The Singular Key team believes its solution is a part of the extensive digital identity, authentication, and anti-fraud ecosystem. This is why Singular Key’s expertise in the realm of PSD2, Strong Customer Authentication (SCA), and global privacy regulations, is paving the way for Maniar and his team to make a global splash. With ongoing projects in the U.S. and Asia and anticipated future opportunities in the Japan and Europe, Singular Key further plans to enter the LATAM and APAC markets over the next 12 months.
Company
Singular Key
Headquarters
Cupertino, CA
Management
Jatin Maniar, CEO
Description
A FinTech authentication solution provider helping clients simplify and instantly deploy standards-based passwordless MFA on mobile, web, and other apps