equipifi, an award-winning SaaS fintech unlocking Buy Now, Pay Later for financial institutions, announced the successful completion of their System and Organization Controls (SOC) 2 attestation.
equipifi's BNPL software connects with financial institutions through their banking cores and is launched within their digital banking applications. Its proprietary decision engine leverages cardholder data to produce pre-approved BNPL offers that are not only fully customized to institutional risk tolerance, but also in alignment with cardholder financial health.
"We are committed to ensuring the security of our platform and the protection of client data as it scales to serve thousands of financial institutions throughout the United States," said Kyle Starkey, equipifi’s vCISO. "equipifi’s successful completion our SOC 2 audit is a demonstration of this ongoing commitment."
In July, equipifi completed an independent audit, with the support of Strike Graph, confirming equipifi's controls related to its information security practices, policies, procedures and operations met the rigorous SOC 2 standards for security, as developed by the American Institute of Certified Public Accountants (AICPA).
"Our product is built to bring BNPL to thousands of financial institutions in the US, serving millions of consumers,” said Eli Taylor, Head of Engineering at equipifi. "This is an important milestone as we continue to invest in our architecture and security to provide the safest and most convenient BNPL product in the marketplace."
For more information on SOC 2 certification, visit http://www.aicpa.org/soc4so.
equipifi is a fintech SaaS powering banks and credit unions with split payment capabilities on their existing debit cards. This is a white label Buy Now, Pay Later (BNPL) solution for financial institutions that aligns with consumer purchase habits, payment preferences, and financial goals. The equipifi platform seamlessly integrates with financial institutions to deepen customer engagement, grow market share, increase revenue, and provide a single place to view, accept, and manage BNPL plans on their existing banking app. For more information, please visit www.equipifi.com.