FusionIQ Achieves SOC 2 Type II Compliance
As a leader in wealth management solutions, FusionIQ announced its significant milestone of achieving SOC 2 Type II compliance. This accomplishment highlights the company’s unwavering dedication to ensuring data security and privacy for financial advisors and institutions.
Understanding SOC 2 Type II Certification
SOC 2 Type II compliance involves a detailed evaluation of a company’s security controls over time. Unlike SOC 2 Type I, which verifies controls at a single point, SOC 2 Type II assesses the effectiveness and consistency of these controls, demonstrating FusionIQ’s commitment to safeguarding customer data.
Protecting Sensitive Information
The certification not only assures clients of data protection from unauthorized access and breaches but also adheres to the stringent Trust Services Criteria outlined by the American Institute of Certified Public Accountants (AICPA). As cyber threats increase, this certification stands as a reassurance to clients regarding the safety of their information.
Expert Insights on Cybersecurity Commitment
John Kimbro, Chief Technology Officer of FusionIQ, emphasized that achieving SOC 2 Type II is a testament to the team’s effort in maintaining enhanced security measures. He remarked, “In times of increasing cyber threats, this certification proves our commitment to providing a secure platform for our clients. In prioritizing cybersecurity, we reinforce our position as a leading digital wealth management provider.”
The Growing Importance of Compliance
As organizations face an expanding threat landscape with data breaches on the rise, SOC 2 Type II compliance has become crucial. In 2023 alone, breaches in the United States surged by 78%, emphasizing the necessity for robust security frameworks that can effectively mitigate risks.
FusionIQ’s Innovative Wealth Management Solutions
The company is at the forefront of developing cloud-native solutions through its award-winning platform, FusionIQ One. This platform integrates seamlessly across wealth management processes, allowing financial institutions to enhance operational efficiency and deliver superior experiences to their clients.
Holistic Wealth Management Approach
FusionIQ One simplifies the complexities of the wealth management stack, supporting multi-custodian and multi-asset class offerings. This holistic approach is designed to empower advisors and their clients while minimizing operational friction through streamlined workflows.
