Sigma Ratings, an AI-driven risk management platform, has successfully completed a service organisation control (SOC) 2 Type 1 audit.
According to Sigma, this audit aligns with the firm’s ongoing commitment to meet the highest global standards for information security and data privacy to ensure enterprise readiness.
SOC 2 compliance provides independent, third-party assurance that Sigma has strong controls in place to govern information security as set forth in the Trust Services Criteria (TSC) for Security, Availability, Processing Integrity, Confidentiality, and Privacy.
Sigma said that it ‘continues to be vigilant’ in mitigating risks to ensure clients from highly-regulated industries – including banking and financial services – can confidently leverage Sigma Terminal, a risk monitoring and insight detection platform to perform and accelerate their work.
Sigma VP of engineering Carlo Latasa said, “Compliance with SOC 2 requirements independently verifies that our organization has achieved a high level of information security and put in place the processes to maintain it. Strict compliance requirements tested through on-site audits help ensure sensitive information is handled responsibly across our organization.”
Obtaining SOC 2 compliance is a key milestone in Sigma’s continual prioritization of best-in-class security and a vote of confidence for those institutions looking to deploy Sigma solutions as a critical enterprise system.
Sigma Ratings recently secured a Series A investment round. The round was headed by Mosaik Partners. Also participating in the round were FinTech Collective, Contour Ventures and AngelList Ventures.
Copyright © 2022 FinTech Global
