TurnKey Lender Successfully Passes SOC 2 Type II Audit
TurnKey Lender is pleased to announce the successful completion of the SOC 2 Type II audit, held by the American Institute of Certified Public Accountants (AICPA), which is the most comprehensive certification within the Systems and Organization Controls protocol.
To obtain a SOC 2 Type II certification, the standard operating procedures of the company are strictly audited for organizational oversight, vendor management, risk management, and regulatory oversight.
A SOC 2-certified service organization is appropriate for businesses whose regulators, auditors, compliance officers, business partners, and executives require documented standards. SOC 2 Type II is considered to be the most reliable certification to look for in a potential service provider’s credentials and proves the system to be designed for secure storage and operation of sensitive data.
“As always, TurnKey Lender is committed to protecting our clients and their data. We are proud of the way our technical and security teams balance award-winning usability and enterprise-grade security in our software. TurnKey Lender’s security policies exceed regulatory requirements for data security, going above industry standards, and best practices, because we know just how important cybersecurity is today. And we are committed to safeguarding customer data with the same vigor and attentiveness to detail as we always have,” states Elena Ionenko, Co-Founder and COO at TurnKey Lender.
Previously, TurnKey Lender successfully obtained the SOC 1 and SOC 2 compliance reports and the globally-recognized ISO 27001 Certification. Learn more about the company’s data security and compliance on the TurnKey Lender Information Security page.
About TurnKey Lender:
TurnKey Lender provides businesses with an intelligent, easy-to-use integrated SaaS platform that is easily adjusted to the business needs and includes all the functionality required to make the lending process fully digital. TurnKey Lender provides a wide range of features, integrations, and settings specific to the Canadian market, e.g. payment providers and credit bureaus.
The solution uses AI, proprietary bank-grade technology, and advanced API integrations to automate every step of the lending process from a single cloud-based solution. Different versions of the software are tailored to the needs of traditional (banks and credit unions), alternative (fintech startups, P2P lenders, micro-lenders, etc.), and embedded lenders (any type of business that wants to sell products or services in installment payments) online or from a store.