Savana Successfully Completes Statement on Standards Attestation [SOC 2 Type 2 Audit]
November 8, 2016
Represents Savana’s Assurance to its Customer’s Compliance, Security, Controls and Processes for Handling and Securing Transmission of Customer’s Banking and Mortgage Data.
Malvern, PA – November 8, 2016 – Savana, a leading provider of automated workflow solutions for the mortgage and banking Fintech market, announced today the successful completion of its SOC 2 audit performed by an independent Certified Public Accounting Firm that examines and attests the controls and processes involved in handling and transmitting data securely.
“Savana’s success and achievement of this certification highlights our commitment to providing our customers the upmost secure and compliant solutions. We strive to maintain the most stringent controls on behalf of our customers and our customers’ customers.” Michael Sanchez, CEO of Savana.
“The completion of this rigorous inspection and the hard work by the entire Savana team, provides our customers with a way to objectively diligence Savana as part of their Vendor Management Program” said Nicole Venere, CAO of Savana.
Since the passage of Sarbanes-Oxley which requires companies’ business partners to have adequate controls, the SOC audit has become critical to vendor due diligence. The successful audit provides assurances that Savana has been through a comprehensive evaluation of the suitability of design of controls and operating effectiveness for the Process Management solution for the Loan Origination Services and Business Process Management Applications relevant to Security and Availability.
The certification provided by passing this audit without exception assures that Savana’s procedures and infrastructure for data protection, security and confidentiality met or exceeded the stringent SSAE 16 criteria.
The audit that Savana successfully completed is the rigorous Type 2 examination that includes testing of Savana’s controls. The Independent Firm examined Savana’s control procedures as it relates to Security and Availability.
Savana, Inc., headquartered in Malvern, Pennsylvania, is a software company focused on delivering advanced automation solutions to the mortgage, retail banking and payments industries. Since its’ founding in 2009, Savana has delivered mission critical applications to some of the largest financial institutions and FinTech resellers in the United States.
For more information on Savana:
+1 (484) 323-1360