January 7, 2025

MIAMI, Florida — Loquat, an innovative financial technology company transforming digital banking for financial institutions (FIs), consumers, and small businesses, has successfully completed its SOC 2 Type 2 audit. This significant achievement reinforces Loquat’s dedication to upholding the highest standards of security, availability, and confidentiality across its operations.

With increasing regulatory scrutiny and heightened customer awareness of data protection, achieving SOC 2 Type 2 compliance positions Loquat as a trusted partner to FIs. The rigorous audit process ensures that Loquat’s security controls meet the needs of modern businesses, particularly those requiring robust measures to protect sensitive financial data. SOC 2 Type 2 compliance is particularly critical for fintech companies, where secure handling of financial data is non-negotiable.

The SOC 2 Type 2 audit was conducted by A-LIGN, a leading provider of cybersecurity compliance services trusted by over 4,000 organizations worldwide to mitigate cybersecurity risks.

Established by the American Institute of Certified Public Accountants (AICPA), the SOC 2 examination is designed to evaluate an organization’s ability to safeguard customer data. SOC 2 reports are recognized globally and affirm that a company’s infrastructure, software, personnel, data, policies, procedures, and operations have been rigorously reviewed.

“Our completion of the SOC 2 Type 2 audit reaffirms our dedication to providing our clients with a secure and reliable platform. In an industry where trust and compliance are paramount, this achievement distinguishes us as a leader in safeguarding customer information.”

said Chris Cochran, Chief Product Delivery Officer of Loquat.

About Loquat

Loquat, an innovative financial technology company, developed and operates a proprietary business cloud banking platform designed with the small business and consumer customers and the financial institution employees that serve them in mind by a world-class team of former banking executives, fraud specialists, technology and digital transformation experts, and business owners. The end-to-end-platform allows credit unions and community banks to improve or launch a streamlined digital banking functionality aimed at serving consumer as well as small and medium-sized businesses (SMB) including new account onboarding, lending, and cards and payments while preventing fraud without sacrificing the user experience.

To learn more about Loquat, visit: loquatinc.io

About A-LIGN

A-LIGN is the leading provider of high-quality, efficient cybersecurity compliance programs. Combining experienced auditors and audit management technology, A-LIGN provides the widest breadth and depth of services including SOC 2, ISO 27001, HITRUST, FedRAMP, and PCI. A-LIGN is the number one issuer of SOC 2 and a leading HITRUST and FedRAMP assessor.

To learn more, visit: a-lign.com

Contact:

Mahesh Jagadish, Loquat Inc. Mahesh.Jagadish@loquatinc.io