SOC 2 / ISO 27001
Industry standards for data security and operational controls (SOC 2) and information-security management systems (ISO 27001). Used to certify and audit cloud platforms, SaaS products, and financial infrastructure providers. Demonstrates trustworthiness and compliance for institutions handling sensitive financial data.
Why it Matters
SOC 2 and ISO 27001 certifications are critical trust signals in the financial services and fintech ecosystem. They demonstrate that a provider has implemented rigorous operational and security controls, undergone independent audits, and maintains ongoing compliance with recognized standards.
For regulated financial institutions, working with certified vendors helps satisfy their own regulatory obligations around third-party risk management—including requirements under frameworks like DORA, GDPR, and CCPA. These certifications provide assurance that:
- Data is protected: Encryption, access controls, and secure infrastructure are in place
- Operations are resilient: Incident response, business continuity, and vulnerability management processes are documented and tested
- Governance is transparent: Policies, audit trails, and compliance reporting are maintained and available for review
In procurement decisions, SOC 2 and ISO 27001 certifications often serve as baseline requirements, reducing due diligence friction and accelerating vendor approval processes.