BridgeFT, a cloud-native, API-first wealth infrastructure software company, has reached 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 industry standards for security, availability, integrity, confidentiality, and privacy. The SOC 2 Type II audit, conducted with the assistance of Johanson Group LLP, a leading certification body, confirms that BridgeFT's WealthTech API and data processing systems meet the highest levels of security controls and risk management practices.
The significance of this achievement cannot be overstated, as it provides BridgeFT's clients with the assurance that their sensitive financial data is protected by one of the most stringent compliance frameworks available. 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 to deliver trust and reliability to their clients. This commitment is further demonstrated by BridgeFT's continuous investment in its modern, API-first platform infrastructure.
BridgeFT's WealthTech API stands out as the industry's first WealthTech-as-a-Service platform, offering a comprehensive and open API to AI and trade-ready, multi-custodial data, advanced analytics, and application services. This innovative platform enables wealth management firms and fintech companies to leverage their financial data more effectively, eliminating the need for multiple data feeds from various custodians and back-office providers. By achieving SOC 2 Type II certification, BridgeFT not only reinforces its position as a leader in the WealthTech space but also sets a new benchmark for data security and privacy in the financial services industry.
For more information on SOC 2 compliance and its importance, visit https://www.aicpa.org. To learn more about BridgeFT's WealthTech API, visit https://www.bridgeft.com.
