PassFort is happy to say today it has successfully completed its System and Organization Controls (SOC 2®) Type 2 audit under the attestation standards established by the American Institute of Certified Public Accountants (AICPA)
London, 11 January 2022 – PassFort, a Moody’s Analytics company, announced today it has successfully completed its System and Organization Controls (SOC 2®) Type 2 audit under the attestation standards established by the American Institute of Certified Public Accountants (AICPA).
SOC 2® engagements are based on the AICPA’s Trust Service Criteria, and SOC 2® audit reports focus on a service organisation’s non-financial reporting controls as they relate to the security of a system. The audit was conducted by Dansa D’Arata Soucia LLP (www.darata.com). In doing so, PassFort maintains its adherence to one of the most stringent auditing standards for service companies, and provides additional assurance to its clients that its business process, information technology, and risk management controls are properly designed.
The official audit report provides a thorough review of PassFort’s internal controls, policies, and processes for automated anti-financial crime and compliance solutions. It also reviews PassFort’s processes relating to risk management and subservice (vendor) due diligence, as well as PassFort’s entire IT infrastructure, software development lifecycle, change management, logical security, network security, physical and environmental security, and computer operations.
"We are pleased that our SOC 2® report has shown we have the appropriate controls in place to mitigate risks related to the regulatory technology (regtech) services we provide our customers,” said Henry Irish, Chief Technology Officer at PassFort. “We are proud of our record in the audit, achieving the attestation with no exceptions. It’s a testament to the rigour of the team and the high standards we set as a business.”
About PassFort, a Moody’s Analytics company
PassFort, a Moody’s Analytics company, was founded in 2015 by Donald Gillies and Henry Irish. Our solutions support regulated financial services companies to rapidly onboard more than 4.5 million customers each year in 197 countries, then manage risk and compliance standards throughout the customer lifecycle.
Born in the cloud, PassFort’s solutions are designed for the digital economy: hardware-free, affordable, flexible to configure and easy to use, with constant feature innovation and a choice of deployment options. Our low to no-code solution thrives on complexity, solving compliance challenges at scale without being costly to implement or evolve. We support multiple customer types and product lines, with effortless expansion across 211 jurisdictions.
PassFort removes the compromise between compliance and customer experience in the fight against financial crime. More efficiency. Great customer experiences. No compromise.
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