Matrix Applications announced it’s completed the 2024 System and Organization Control (SOC) 1 and SOC 2 Type 2 audits for its TradeBlazer Collateral Management System and Managed Services that affirms cybersecurity and data protection practices.
Developed by the American Institute of Certified Public Accountants (AICPA), the SOC information security standard is an audit report that assesses a company’s internal controls and processes related to financial reporting (SOC 1) and information security, availability, processing integrity, confidentiality and privacy (SOC 2).
Uday Kulkarni, compliance officer at Matrix Applications, said in a statement: “The confidentiality and integrity of our clients’ data is our utmost priority. This achievement is proof of our ongoing dedication to safeguarding our clients’ data by upholding the highest standards in the industry.”
“We will continue to maintain our high security standards and seek out new ways to ensure information security,” says Mohammad Ejaz, chief information officer at Matrix Applications, in a statement.
Emmaline Chen, compliance analyst at Matrix Applications, said in a statement: “This is my second year completing this certification for Matrix Applications and I am happy to be a part of this project. Our continuous compliance proves our steadfast commitment to protecting our clients’ trust and privacy.”