Hyfen Raises the bar in Security, Privacy and Compliance... completing 5 audits in Q1
Hyfen Compliant Cloud audits
In the rapidly evolving world of financial services and fintech, security, privacy, and compliance have never been more critical. Hyfen, a leading provider of innovative technology solutions and hosting, has recently completed the ISAE 3402 Type II and SOC 2 Type II assurance audits with PwC as an independent auditor and three product penetration tests for applications running on its flagship offering, the Hyfen Compliant Cloud. This achievement further cements Hyfen's position as a professional partner with high standards for security, privacy, and compliance.
The audit scope included all products of Hyfen, Mijnwaardeoverdracht.nl, Proof of Live app, and the Hyfen Compliant Cloud framework. Process, application, and IT controls were tested for effectiveness in the audit periods. All internal control objectives were met. Furthermore, the three security tests that we completed showed that Hyfen's products satisfy modern norms for application security.
Hyfen has proven that it satisfies all the SOC 2 Trust Service Criteria, including Security, Availability, Processing integrity, Confidentiality, and Privacy. This independent benchmark of Hyfen's Compliant Cloud platform ensures that it meets strict norms and provides users of Mijnwaardeoverdracht.nl and ADV with the confidence that their data is secured and handled with a privacy-first approach.
Direct client value
With three new FinTech applications already onboarding to the Hyfen Compliant Cloud framework in Q2, Hyfen is ready to support more businesses in reducing time to market and the cost of compliance.
Hidde Terpoorten, the CEO of Hyfen shared some thoughts on this accomplishment:
"I am proud of the team for their dedication to quality in delivery. Since audits look back at effectiveness over the audit period, this really proves our continuous commitment to privacy, security, and compliance. We believe that our high standard for reliability, quality, and compliance is essential for FinTech applications due to ever-increasing regulatory pressure and the need to keep customer data safe and secure."
In today's competitive landscape, businesses need to focus on creating value and providing exceptional services to their customers. Hyfen's commitment to security, privacy, and compliance through the successful completion of ISAE 3402 Type II, SOC 2 Type II audits, and three product penetration tests enables clients to do just that. By partnering with Hyfen, clients can rely on the company's expertise in providing a compliant environment for fintech applications.
One of the key benefits of these audits is that they demonstrate Hyfen's robust internal controls and adherence to industry best practices. This assurance allows clients to focus on their core business activities, knowing that the technological infrastructure supporting their fintech applications is secure and compliant. Hyfen's dedication to maintaining a high level of security, privacy, and compliance helps businesses minimize risk, avoid potential legal and regulatory pitfalls, and maintain their reputation in the industry.
Easy compliance at a lower cost
Moreover, Hyfen's Compliant Cloud framework simplifies the process of adhering to complex regulations for clients. By leveraging Hyfen's compliant infrastructure, businesses can accelerate their time to market and reduce the cost of compliance, ultimately freeing up valuable resources to innovate and better serve their customers.
Hidde Terpoorten, CEO of Hyfen further emphasized the value of these audits for their clients:
"Our successful completion of the ISAE 3402 Type II, SOC 2 Type II audits, and the product penetration tests demonstrates our commitment to providing a secure and compliant environment for our clients' fintech applications. As a result, our clients can focus on creating business value, knowing that Hyfen is taking care of the compliance aspect. This allows them to better allocate resources and innovate in their respective industries."
If you are interested in learning more about Hyfen's commitment to security and compliance or exploring how their solutions can support your business, send an email to email@example.com to request a demo.