Alchemy Receives SOC 2 Type II Attestation Two Years In A Row

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May 10, 2022, 09:41 ET

Independent Audit Verifies Alchemy's Internal Controls and Processes

IRVINE, Calif., May 10, 2022 /PRNewswire/ -- Alchemy, a FinTech embedded financing SaaS platform, today announced that it has completed its SOC 2 Type II audit, performed by KirkpatrickPrice. This attestation provides evidence that Alchemy has a strong commitment to security and to delivering high-quality services to its clients by demonstrating that they have the necessary internal controls and processes in place.

A SOC 2 audit provides an independent, third-party validation that a service organization's information security practices meet industry standards stipulated by the AICPA. During the audit, a service organization's non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system are tested. The SOC 2 report delivered by KirkpatrickPrice verifies the suitability of the design and operating effectiveness of Alchemy's controls to meet the standards for these criteria.

"Alchemy thrives on commitment to our clients on data security and information governance.", said Timothy Li, CEO of Alchemy. "We are proud to complete our 2022 SOC2 Type II attestation from our independent audit firm KirkpatrickPrice."

"The SOC 2 audit is based on the Trust Services Criteria," said Joseph Kirkpatrick, President of KirkpatrickPrice. "Alchemy delivers trust-based services to their clients, and by communicating the results of this audit, their clients can be assured of their reliance on Alchemy's controls."

About Alchemy

Alchemy is an embedded financing software company that powers FinTech, Merchants and Banks with an end-to-end cloud native experience. Our award-winning lending software provides a full package of powerful software modules, including our digital customer onboarding process, real time underwriting, loan servicing and management, real time payments gateway, customer and merchant communications, collections modules and many more at www.trustalchemy.com

About KirkpatrickPrice

KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over a thousand clients in North America, South America, Asia, Europe, and Australia. The firm has more than a decade of experience in information security by performing assessments, audits, and tests that strengthen information security practices and internal controls. KirkpatrickPrice most commonly performs assessments on SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and FERPA frameworks, as well as advanced-level penetration testing. For more information, visit www.kirkpatrickprice.com, follow KirkpatrickPrice on LinkedIn, or subscribe to our YouTube channel.

CONTACT: Jamal Dessouky, [email protected]

SOURCE Alchemy