Digital funds agency Ripple is receiving one of the vital prestigious safety and privateness certifications in its area.
The corporate says its RippleNet Cloud service has secured the System and Group Controls 2 (SOC 2) certification.
The SOC 2 confirms that RippleNet Cloud maintains a excessive commonplace of security, reliability and privateness all through its community.
An impartial licensed public accountant performed the assessments mandatory to find out whether or not RippleNet’s infrastructure deserved the excessive ranking.
Ripple highlights that this grade will enable monetary establishments to undertake its companies with full confidence that their property and data shall be protected.
“This [certification} means that financial institutions – particularly, banks who typically utilize legacy software – planning to adopt RippleNet Cloud can do so with the confidence that Ripple has a certified, “seal of approval” when it comes to meeting modern security and privacy needs.”
Ripple launched RippleNet Cloud in May of 2020. The service seeks to offer its clientele a modern, fast and more cost-efficient means of transferring money across the globe.
Since its launch, 40 banks have transitioned to being part of Ripple’s global payment network.
Ripple reports that transaction volumes on RippleNet Cloud doubled every week throughout 2020 and than half of all Ripple transactions now flow through its Cloud service.
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