PALO ALTO, CA / ACCESSWIRE / April 22, 2024 / DwellFi, a leader in the fintech industry specializing in AI, blockchain, and tokenization solutions for Private Funds and Fund Administrators, proudly announces the attainment of SOC 2, Type 1 certification. This achievement underscores DwellFi's steadfast commitment to maintaining and enforcing the highest levels of security and data protection for its clients.
SOC 2 (Service Organization Control 2) is a rigorous auditing procedure developed by the American Institute of CPAs (AICPA) that ensures service providers securely manage data to protect the interests of their organization and the privacy of their clients. A SOC 2, Type 1 report assesses the suitability of the design of a service organization's controls at a specific point in time.
A Milestone for Client Trust and Security:
The SOC 2, Type 1 certification for DwellFi affirms that its systems, processes, and controls have been designed and implemented to meet the AICPA's Trust Services Criteria for security, availability, processing integrity, confidentiality, and privacy.
"Achieving this certification is a testament to DwellFi's ongoing dedication to security and operational excellence," said Deepak Sheoran, CTO of DwellFi. "Our clients entrust us with their most critical asset management functions, and we take this responsibility with the utmost seriousness."
Enhanced Security Measures for Fintech Innovation:
In an era where data breaches and cyber threats are increasingly common, DwellFi's accomplishment of SOC 2, Type 1 certification is a significant reassurance for its clients. The certification not only validates the security of DwellFi's AI and tokenization technologies but also its commitment to protecting client data against unauthorized access and handling.
Anoop Madhavan, Senior Manager of SecOps for DwellFi, added, "This certification is a cornerstone of our security framework. It represents our continuous effort to not just meet, but exceed, industry standards for data security and privacy. Our team is committed to innovating while ensuring that our client's data is protected with the highest security measures."
About DwellFi:
DwellFi is redefining asset management with state-of-the-art AI, blockchain, and tokenization technologies. Our SOC 2, Type 1 SaaS platform caters to a diverse client base, including PE/RE/VC Funds, Hedge Funds, Fund Administrators, and LPs, adapting to the dynamic needs of the market. Led by visionary CEO Kumar Ujjwal, with two technology patents to his name, and CTO Deepak Sheoran, DwellFi is setting new standards for operational efficiency, security, compliance, and investor engagement in the asset management industry. Visit https://dwell.fi/ to learn more.
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This press release is for informational purposes only and does not constitute an offer or solicitation of an offer to buy or sell any securities.
SOURCE: DwellFi