Independent audit firm renders opinion as to the design and effectiveness of security controls at Deserve
Menlo Park, California – December 6, 2017 – Deserve, a credit card designed for Generation Z, has successfully completed the stringent Service Organization Control (SOC) 2 Type II examination to verify the suitability of the design and operating effectiveness of the company’s security controls. Used by global technology companies such as Amazon Web Services and Google, the SOC 2 examination is fast becoming the industry standard for reporting on effectiveness of security controls. Deserve completed the examination without any exceptions, meaning that they were qualified the first time without requiring corrections. “Completing the SOC 2 Type II engagement demonstrates Deserve’s technical and cultural commitment to safeguarding sensitive customer information,” said Michael Hallinan, chief information security officer at Deserve. SOC 2 examinations are administered by an independent CPA firm to ensure all findings are entirely objective. Meeting SOC 2 Type II standards requires enormous preparation, often including extensive practice, readiness assessments, and internal mock examinations. To learn more about Deserve, please visit www.deserve.com.
Deserve uses machine learning and alternative data to provide millennials and Gen Z’s access to fair credit products and the tools to achieve financial independence. Deserve is a venture-backed fintech startup whose investors include Accel, Pelion Venture Partners, Aspect Ventures, Mission Holdings, Alumni Venture Group, Sparklabs Ventures, Fenway Summer Ventures and GDP Venture. Follow us on Facebook and Twitter or visit Deserve.com. Accounts are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.