Proxymity secures SOC 2 Type 2 certification

Independent validation of data handling and security processes confirm Proxymity’s Operations have the highest customer data standards

Proxymity’s mission is to create a digital, real-time, transparent, investor communication network providing a secure and compliant infrastructure for the benefit of the entire ecosystem.

Our platform is trusted by the world’s largest financial institutions, including seven of the top ten global custodian banks with over $200 trillion in assets under custody, and digitally connects issuers, intermediaries, and investors world-wide in real-time,​ with rapid data exchange and integration with legacy banking and financial infrastructure.

“Our customers and partners expect us to continuously ensure the highest level of cybersecurity and data compliance, independent validation is key to providing proof of our commitment to best practice. We are therefore proud to announce that on 14th November 2022, Proxymity was SOC 2 type 2 certified by EY.”

Danny Wishlitzky, CISO, DPO – Head of IT and Cybersecurity

SOC 2 is a set of standards recognized by the American Institute of Certified Public Accountants (AICPA) that help organisations ensure that their internal controls are adequately designed and operating effectively to protect customer data.

After achieving the SOC 2 type 1 certification in 2021, Proxymity’s Cybersecurity and Technology teams proceeded with the next step in demonstrating the company’s commitment towards privacy, compliance, security, availability, processing integrity and confidentiality by preparing our platform and business process to achieve the more rigorous SOC 2 type 2 certification.

Organisations that are subject to SOC 2 Type 2 audits typically host or manage sensitive data on behalf of their customers and, as such, must adhere to strict security and privacy controls to protect this data.

SOC 2 Type 2 audits are conducted by third-party auditors (in our case, EY), and provide assurance to customers that the service organisation has the appropriate controls in place to protect their information. The auditor will review the service organisation’s controls and issue an independent report with their findings. SOC 2 Type 2 reports are not intended to be a one-time exercise; organisations must commit to audits conducted on a yearly basis to ensure that they remain effective and ensure a continuous level of data compliance to all the parties involved in the ecosystem.

Proxymity’s proxy voting platform, Vote Connect, has been approved for use by the world’s major banks and is now serving over 25 markets, delivering a continuous “golden source” record reconciled throughout, revolutionising traditional paper-based processes with digital transparency, efficiency and accuracy.

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