greenmatch AG successfully passed the ISAE 3402 SOC I Type I certification in May 2022. In this article, we explain what an audit according to ISAE 3402 is about and explain the implications for our customers:
What is ISAE 3402?
ISAE stands for “International Standard on Assurance Engagements” and corresponds to an international auditing standard for the effectiveness of the internal control system (ICS) used by service companies. The ISAE certification ensures that the internal control system implemented by greenmatch is resilient and functions reliably.
How do greenmatch customers benefit from this certification?
The certification that has now been awarded by an independent auditing institute confirms to greenmatch customers that we offer their sensitive business processes the necessary security in combination with the best possible data protection. Furthermore, the use of the ISAE audit report provides our clients, as well as their auditors, with the opportunity to better understand greenmatch’s internal control system.
In addition to the reassuring certainty that greenmatch is a reliable partner, the burden of proof, for example vis-à-vis auditors and supervisory authorities, is also considerably simplified. Due to the existing ISAE certification, a reliability audit of the processes outsourced to greenmatch is no longer necessary, as their effectiveness has now already been independently audited.
greenmatch Managing Director Doreen Pimpl: “Our long-standing customers know and appreciate our reliability and the professional handling of their sensitive data. Through the audit carried out by BFMT Audit GmbH, we now also offer an external review, which will significantly simplify the internal clarification of the security of the outsourced processes for future interested parties. As a Swiss company, our own reliability as well as the safeguarding of data protection was, is and will remain our highest priority”.
With the newly completed audit , the greenmatch product and service range once again proves its reliability and offers simplified outsourcing options for valuation and portfolio management processes of institutional and regulatory companies, such as banks.
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