BusinessWire India
Hyderabad (Telangana) [India], June 8: Pennant Technologies, an agile and innovative financial technology company, today announced that it has successfully achieved System and Organization Controls (SOC 2) Type 2 certification for its digital lending platform, pennApps Lending Factory. Achieving SOC 2 Type 2 compliance demonstrates that Pennant has established strong internal controls and processes, verified through an independent audit, to safeguard sensitive financial data and ensure reliable, secure platform performance.
E Com Security Solutions, a trusted global provider of cyber-risk and compliance management solutions, has confirmed and certified that Pennant's platform meets the stringent Trust Services Criteria established by the American Institute of Certified Public Accountants (AICPA), covering security, availability, confidentiality, processing integrity, and privacy.
"Security, compliance, and trust are at the core of everything we build at Pennant Technologies," said Rama Krishna Raju, Founding Director & CEO, Pennant Technologies. "As financial institutions navigate increasingly complex regulatory and risk environments, our platform is designed to meet the highest standards of data protection and operational integrity. Achieving SOC 2 Type 2 certification validates our commitment to these principles and assures our clients of a robust, compliant foundation for their lending operations."
The certification process included a comprehensive evaluation of Pennant's platform across all Trust Services Criteria--ensuring protection against unauthorised access, consistent system availability, confidentiality of sensitive financial data, accuracy in transaction processing, and responsible handling of personal information.
With this achievement, Pennant strengthens its position as a trusted technology partner for banks and financial institutions, enabling them to run mission-critical lending operations with confidence, backed by globally recognised security and compliance standards.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)