Financial crime prevention and regulatory compliance leader successfully completes annual SOC 2® Type 2 audit, demonstrating commitment to customer security and the highest privacy and data protection standards
PALO ALTO, Calif., Feb. 18, 2025 – SymphonyAI today announced successful completion of its SOC 2® Type 2 audit for its financial services SaaS platform. The result of the annual audit recognizes that SymphonyAI is continuing to deliver the highest standards in protection and solutions for its financial crime prevention, risk management, and fraud detection solutions for banking, financial markets, and insurance.
The SOC 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cybersecurity risks.
“SymphonyAI is a trusted partner to leading financial institutions globally for regulatory compliance and combatting financial crime and fraud, said Iain MacFayden, head of compliance for SymphonyAI’s financial services division. “Achieving and maintaining SOC 2 standards for consecutive years is yet another example of our commitment to providing our customers with leading solutions and responsible protections.”
Established by the American Institute of Certified Public Accountants (AICPA), the SOC 2 audit is designed for organizations to ensure the personal assets of potential and existing customers are protected. SOC 2 reports are recognized globally and affirm that a company’s infrastructure, software, people, data, policies, procedures, and operations have been formally reviewed.
“Congratulations to SymphonyAI for earning their SOC 2 certification, which is a widely recognized signal of trust and security,” said Steve Simmons, COO of A-LIGN. “It’s great to work with organizations like SymphonyAI who understand the value of expertise in driving an efficient audit and the importance of a high-quality final report.”
The SOC 2 audit evaluated the customer security, privacy and data protection standards of SymphonyAI’s end-to-end financial services SaaS platform including anti-money laundering (AML) transaction monitoring, customer due diligence (CDD), watch list management and anti-fraud solutions.
About SymphonyAI
SymphonyAI is a leading enterprise AI SaaS company for digital transformation across the most critical and resilient growth verticals, including retail, consumer packaged goods, finance, manufacturing, media, and IT/enterprise service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to 3,000 talented leaders, data scientists, and other professionals. SymphonyAI, 2024 Microsoft Partner of the Year for Business Transformation – AI Innovation, is a SAIGroup company, backed by a $1 billion commitment from successful entrepreneur and philanthropist Dr. Romesh Wadhwani. Learn more at www.symphonyai.com.
About A-LIGN
A-LIGN uniquely delivers a single-provider approach as a licensed SOC 1 and SOC 2 Assessor, accredited ISO 27001, ISO 27701 and ISO 22301 Certification Body, HITRUST CSF Assessor firm, accredited FedRAMP 3PAO, candidate CMMC C3PAO, and Qualified Security Assessor Company. A-LIGN ASSURANCE is a licensed certified public accounting firm registered as Price and Associates CPAs, LLC. A-LIGN may refer to the entities of both A-LIGN and A-LIGN ASSURANCE collectively as A-LIGN. For more information, visit www.A-LIGN.com.
