SEBA Bank receives two ISAE audit reports
30 July 2020 Zug
Image: Wutzkohphoto/Shutterstock
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.
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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