thirdstream Achieves Service Organization Control (SOC) 2 Compliance, Prioritizing Client Security and Safety

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LETHBRIDGE, AB, CANADA, July 25, 2023/EINPresswire.com/ — In a major milestone for Canadian fintech chief thirdstream, the corporate has just lately obtained Service Organization Control (SOC) 2 Compliance Certification. As a distinguished id verification and deposit and lending resolution platform supplier, thirdstream reaffirms its dedication to its valued shoppers, reinforcing the corporate’s dedication to sustaining the best of service. The certification validates that every one system necessities have been meticulously met, adhering to the belief companies standards related to the American Institute of CPAs (AICPA) safety requirements. This announcement displays thirdstream’s ongoing endeavor to prioritize shopper safety and make sure the utmost security for shoppers, shoppers, and workers.

SOC 2 is an exhaustive auditing process designed to ensure that third-party service suppliers and organizations can successfully and securely handle knowledge, safeguarding the pursuits and privateness of their shoppers. The journey in the direction of reaching SOC 2 Compliance commenced at thirdstream with a proactive strategy, because the IT, Finance, and HR groups collectively got down to improve the general knowledge safety insurance policies. Thirdstream acquired the issued report, culminating within the official SOC 2 compliance standing in June, 2023.

Thirdstream CEO Keith Ginter emphasised the significance of finishing the SOC 2 certification and its significance for the corporate’s operations. “By efficiently finishing our SOC 2 report, we ship a transparent message to shoppers – that we take paramount care of delicate knowledge and have established complete, organization-wide controls, delivering efficient safeguards. Our IT, growth, mission execution, finance, and HR groups have labored diligently to create and refine these processes.”

The certification course of additionally witnessed thirdstream’s proactive strategy to infrastructure monitoring, ensuing within the refinement and, in some cases, institution and regulation of insurance policies corresponding to codes of conduct, incident response plans, and knowledge deletion. This complete strategy bolsters the corporate’s dedication to knowledge safety and shopper belief.

“As we attempt to be the foremost supplier of deposit account onboarding and distant id companies to monetary establishments, we’re thrilled to obtain our SOC 2 compliance report. This accreditation represents one other very important step in making certain that we securely handle shopper knowledge, safeguarding the privateness of their account holders and members in our cloud environments. General, we anticipate this report will drive enterprise development whereas optimizing inner compliance prices, all of the whereas permitting us to guage the efficacy of our controls,” added Ginter.

Established in 2004, thirdstream has developed into a number one participant within the fintech ecosystem, offering a complete suite of on-line and in-branch deposit account opening and lending options, together with bank card onboarding. The corporate’s platform ecosystem boasts a outstanding array of over 40 third-party repositories that govern onboarding, id verification, credit score decisioning, and account funding wants. Serving over 50 banks, brokerages, credit score unions, and belief corporations, thirdstream’s spectacular clientele contains a mixed asset dimension exceeding $600 billion and encompassing greater than 3.6 million account holders. The corporate’s digital origination companies seamlessly combine with all of the main enterprise core banking platforms.

For extra details about thirdstream and its dedication to shopper safety and knowledge integrity, go to www.thirdstream.ca.

George Hofsink
thirdstream
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Main id verification, retail and enterprise account opening options, retail lending and bank card onboarding.