Prime Trust has received ISO/IEC 27001:2013 designation, certifying that the company meets the financial industry’s most stringent information security management standards.
Prime Trust is an infrastructure Fintech that provides compliant services such as custody, settlement and a growing number of APIs to facilitate innovative financial services firms including digital asset platforms.
ISO/IEC 27001:2013 is a globally recognized standard for managing information security and operational risk – a qualification that is important in today’s cyber risk landscape. The standard outlines essential practices and processes to effectively identify and manage risk across an organization.
Prime Trust’s new certification is said to support growth opportunities for the company, particularly in compliance, custodial, and settlement services. Last year, the Office of the Comptroller of the Currency opened cryptocurrency services to banks, many of which require their partners to have their information security and risk management programs externally audited against industry-accepted standards, such as ISO/IEC 27001:2013.
Tom Brandl, Chief Security Officer of Prime Trust, commented:
“Larger and more mature organizations – including the country’s top banks — manage risk by ensuring that their business partners and suppliers meet or exceed the industry’s highest security standards. Having our ISO 27001 certification provides assurance that we have the necessary procedures and technologies in place to proactively identify and mitigate risk across our operations – which greatly increases the speed and ease of due diligence requirements and makes onboarding simple for even the most complex clients.”