Lexop, a fintech startup whose platform allows enterprises to collect on past-due accounts seamlessly, is pleased to announce its SOC 2 Type I completion and certification. The independent audit conducted by Deloitte verifies Lexop’s ongoing commitment to maintain and provide the most stringent security and privacy controls for its customers.
“Actions speak louder than words and we want to show the world that Lexop takes the safety and integrity of our customer data and user experience to heart”
With cybersecurity and financial data breaches top of mind for SaaS providers and their customers, securing a SOC 2 Type I certification demonstrates that Lexop adheres to the highest standards of data privacy and safety. Company efforts to complete Type II certification by the end of 2021 are underway to further establish the collections platform as a leader in compliance, service, and trust.
“Actions speak louder than words and we want to show the world that Lexop takes the safety and integrity of our customer data and user experience to heart,” says Michel Jamati, CTO at Lexop. “Implementing the tightest measures to safeguard our datastores, user environments, and code integrity is a top priority for us because it gives our customers true peace of mind.”
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The American Institute of Certified Public Accountants (AICPA) developed SOC 1 and SOC 2 reports to address requirements for SaaS organizations to prove and announce their state of security. As proof of compliance, SOC 2 Type I completion shows that an organization has best practices in place and demonstrates a substantially higher level of criteria for managing customer data based on trust, availability, confidentiality, processing integrity, privacy, and security.
