BridgeFT, a leader in cloud-native, API-first wealth infrastructure software, has recently achieved a significant milestone by successfully completing its SOC 2 Type II audit. This certification, developed by the American Institute of Certified Public Accountants (AICPA), is a testament to BridgeFT's adherence to rigorous standards of security, availability, integrity, confidentiality, and privacy. The SOC 2 Type II audit, conducted with the assistance of Johanson Group LLP, a renowned certification body, confirms that BridgeFT's WealthTech API and data processing systems meet the highest industry standards for financial services.
The importance of this achievement cannot be overstated for BridgeFT's clients, who include wealth management firms and fintech companies. The SOC 2 Type II certification provides these clients with the assurance that their sensitive data is handled with the utmost care and security. In an era where data breaches and security threats are increasingly common, such certifications are not just beneficial but essential for maintaining trust and integrity in the financial services industry.
Joe Stensland, BridgeFT's Chief Executive Officer, emphasized the company's commitment to data security and privacy, stating that achieving SOC 2 compliance is a key part of their strategy. This commitment is reflected in BridgeFT's WealthTech API, the industry's first WealthTech-as-a-Service platform. The platform offers a comprehensive suite of services, including AI and trade-ready, multi-custodial data, advanced analytics, and application services, all designed to empower clients to leverage their financial data more effectively.
The implications of BridgeFT's SOC 2 Type II certification extend beyond the company itself. For the WealthTech sector, it sets a benchmark for data security and privacy practices. For BridgeFT's clients, it means enhanced trust and confidence in the platform's ability to safeguard their data. As the financial services industry continues to evolve, with an increasing emphasis on digital transformation and data security, BridgeFT's achievement positions it as a leader in the space, ready to meet the challenges of tomorrow.
For more information on BridgeFT's WealthTech API, visit https://www.bridgeft.com.
