Syniverse and Pinn will prepare financial institutions for impending regulations

Syniverse and Pinn are working together with Syniverse´s global platform and Pinn´s attribution solution to deliver the new level of transaction security and continuous attribution required by impending regulation like Payment Services Directive 2 (PSD2) and the General Data Protection Regulation (GDPR), the companies said.

Unlike risks that threaten a single part of a business, systemic risks are those that could halt an entire business´s operation, causing a total failure of that business.

PSD2 is a payment services directive governing payments and payment processing in the European Union. The directive includes new API access requirements for businesses outside financial institutions and includes substantially increased security requirements for the exchange of financial information. Additionally, the European Union is further strengthening cybersecurity requirements via GDPR.

Behavioral biometrics use the recognition and analysis of an activity that users do frequently — like how they hold their smartphone, how they move their mouse, even how they drive their car — as a new layer of authentication. Pinn collects this data from a wide variety of locations to create a singular and seamless form of identification.

Syniverse is the leading global transaction processor that connects approximately 1,500 mobile service providers, enterprises, ISPs and OTTs in nearly 200 countries and territories, enabling seamless mobile communications across disparate and rapidly evolving networks, devices and applications. We deliver innovative cloud-based solutions that facilitate superior end-user experiences through always-on services and real-time engagement.

Pinn is a software company dedicated to solving the hardest problems governments, financial institutions, and internet companies face in attributing identity.