Use Open Banking Use Cases with SOC 1 Type 2

Helping banks and fintechs create better ecosystems through APIs & partnerships.

A SOC 1 engagement is an audit of the internal controls which a service organization has implemented to protect client data, specifically internal controls over financial reporting. Type 2 - report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period.