SEBA Bank receives two ISAE audit reports 30 July 2020Zug Reporter: Rebecca Delaney
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SEBA Bank has completed two independent audits for its institutional-grade digital custody solution.
The Swiss bank’s audit concluded with two International Standard on Assurance Engagements (ISAE) reports, an international certification proving that a service organisation has satisfactory internal controls, including business, security, operational and IT processes.
The ISAE 3402 Type 1 report, which identified that the suitability assessment, found key management and transaction controls were designed and implemented effectively.
The second ISAE 3402 Type 2 report found that controls in the solution operated effectively in relation to digital custody services.
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