SettleMint SOC 2 Type II Compliance Confirmed by BDO Audit Report
May 16, 2022
SettleMint is delighted to announce the successful completion of its System and Organization Controls (SOC) 2 Type II audit, which was conducted by BDO. This major achievement involves a rigorous enterprise audit and puts SettleMint amongst the small group of blockchain firms that have been independently audited as SOC 2 Type II Compliant.
As the leading high-performance, low-code blockchain development platform, SettleMint has always put the needs of enterprise clients first. Being SOC 2 Type II compliant demonstrates our ongoing alignment with their security priorities.
Leading security for enterprise blockchain
SOC 2 Type II Compliance is a rigorous security standard developed by the American Institute of Certified Public Accountants (AICPA). It is a widely acknowledged benchmark for trust and security across the industry that all companies should aim to comply with.
SettleMint’s compliance with SOC 2 Type II standards validates our commitment to upholding the highest standards of security, availability, and confidentiality in our management of blockchain services and the protection of customers' data.
"We take immense pride in being SOC 2 Type II compliant and in receiving independent, audited confirmation of this. It is an important enterprise-grade security standard that only a handful of top blockchain companies comply with and is a testament to our dedication to the highest level of security and privacy standards. Also, it demonstrates our commitment to enterprise clients, assuring them of the robustness of our security measures and our ability to meet their needs." - Matthew Van Niekerk, CEO & Co-Founder of SettleMint
SettleMint’s SOC 2 Type II report was issued by independent auditor BDO with no exceptions to be fixed. SOC 2 Type II Compliance is the latest in a series of compliance and security standards undertaken by SettleMint, including the SOC 2 Type I, ISO9001 & ISO27001.
Unlike SOC 2 Type I, which assesses an organization's security controls at a single point in time, SOC 2 Type II covers a continuous period. This makes it more comprehensive and challenging to achieve, as it requires ongoing adherence to stringent security controls.
This achievement is a testament to our commitment to the ongoing safeguarding of data and the provision of secure, reliable services. Our SOC 2 compliance also facilitates a smoother onboarding process for new customers who may require proof of our secure operational processes to satisfy their security and governance requirements.
SettleMint is a high-performance low-code platform for blockchain application development that empowers engineering teams to build, integrate and launch applications on web3 infrastructure. SettleMint is the answer to move rapidly and easily from use case concept to business case realization in a fraction of time and risk than any other solutions can offer.
The SettleMint platform removes project implementation risk and makes it easy for IT teams to rapidly deliver blockchain applications. Taking a visual development approach, the SettleMint platforms “click and deploy” design enables users to deploy nodes, customize smart contract templates, integrate end user applications and program complex systems and data integration flows using the platforms library of 4000+ pre-built, fully configurable connectors. The platform includes a suite of ready-to-use tools, frameworks, templates, and APIs to simplify devops requirements and accelerate the development and delivery of any blockchain use case.