Curated News
By: NewsRamp Editorial Staff
April 02, 2024
BridgeFT Achieves SOC 2 Type II Certification for WealthTech-as-a-Service Platform
TLDR
- BridgeFT achieved SOC 2 Type II certification, demonstrating superior data security and privacy.
- SOC 2 Type II certification validates controls for security, availability, integrity, confidentiality, and privacy.
- BridgeFT's achievement ensures the highest level of data security and privacy, providing assurance to clients and industry.
- BridgeFT's WealthTech API offers a robust, open API to AI and trade-ready, multi-custodial data, empowering clients to reimagine financial data and technology.
Impact - Why it Matters
The completion of the SOC 2 Type II audit by BridgeFT is crucial as it demonstrates the company's commitment to data security and privacy, providing additional assurance to its clients that their sensitive data is handled with the highest level of care. This news is important for financial institutions, fintech innovators, and registered investment advisors (RIAs) who rely on BridgeFT’s WealthTech API-first platform to deliver better, data-driven outcomes for their clients.
Summary
BridgeFT, a cloud-native, API-first wealth infrastructure software company, has completed its SOC 2 Type II audit, ensuring a standard degree of security control in areas including organization, management, communications, risk management, and monitoring of controls. The audit was completed with the help of Johanson Group LLP, a premier certification body, verifying BridgeFT’s adherence to one of the most stringent compliance frameworks for service organizations. This achievement provides additional assurance to BridgeFT’s clients that its business process, information technology, and risk management controls are properly designed and operating as intended.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, BridgeFT Achieves SOC 2 Type II Certification for WealthTech-as-a-Service Platform
