TORSTONE TECHNOLOGY RECEIVES SOC 1 TYPE II & SOC 2 TYPE II CERTIFICATIONS
London, 30 March 2021 – Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, today announces it has received Service Organization Control (SOC) 1 Type II and SOC 2 Type II certification.
The certification demonstrates that an independent auditing and accounting firm has reviewed an organization’s control objectives and activities and tested them to ensure that they are operating safely and effectively. Following a period of extensive auditing, Torstone Technology was given the accreditation by a globally leading audit firm based on five ‘trust service principles’ – security, availability, processing integrity, confidentiality and privacy.
This independent review and certification acknowledge that Torstone Technology has met the stringent requirements set forth by the AICPA and CICA. When trusting an application with highly sensitive and confidential information, obtaining this certification is essential.
Commenting on the certification Mack Gill, COO, Torstone Technology, said, “We are extremely proud to have received SOC 1 and SOC 2 certification which demonstrates to our clients that we are able to securely manage their data. With data breeches now more globally prevalent than ever, security conscious firms are demanding greater levels of protection from their third-party service providers. We continuously invest in our systems and controls to ensure we are able to meet the high standards expected of us as a leading SaaS provider.”
In order to receive this certification, the following areas of Torstone Technology’s practices and policies were assessed:
- Infrastructure: The physical and hardware components of a system
- Software: The programs and operating software of a system
- People: The staff involved in the operation and use of a system
- Procedures: The automated and manual procedures involved in the operation of a system
- Data: The information used and supported by a system
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About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.
Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.