FFastFill, the leading provider of Software as a Service (SaaS) solutions to the derivatives industry, announces today that all its services which were formerly certified by the Statement on Auditing Standards No. 70 (SAS 70) audit program have transitioned to the Service Organization Control Reports (SOC 2 - including the SSAE16 framework) framework, in accordance with American Institute of Certified Public Accountants ("AICPA") guidance.
FFastFill has undergone a rigorous SOC 2 Type II audit
carried out by the independent auditors Mazars LLP. A SOC 2
Type II audit is an internationally recognized third party
assurance audit designed to test controls at service
organisations. SOC audits ensure that firms not only have
appropriate controls in place but also that they are followed
as part of the service delivery process.
Martin Shaikhly, Director - Service Delivery, FFastFill
said:
"The pleasing results of FFastFill's SOC 2 Type II audit
demonstrate the importance that FFastFill places on service
delivery and support. They also underline the significance of
process quality throughout the company which in turn ensures
that we are able to deliver the consistently high levels of
service expected by our customers."
Hamish Purdey, CEO, FFastFill said:
"FFastFill continues to focus on the quality of its
service delivery controls framework which is adhered to by
its 180 industry professionals based in six geographical
locations. Having a single global set of controls and
processes ensures that services can be delivered using the
core values of FFastFill's SaaS solution; namely speed to
market, rapid release cycles and cost efficiencies. We are
rightly proud of the results of the SOC 2 Type II audit and
the continued hard work undertaken by our people which we
believe puts FFastFill ahead of the game in terms of service
delivery".
For further information please contact:
FFastFill plc | +44 (0)20 3002 1900 |
Keith Todd CBE, Executive Chairman | |
Hamish Purdey, Chief Executive Officer | |
Mark Carlisle, Chief Financial Officer | |
Rostron Parry | |
Simon Rostron / Catherine Alexander | +44 (0)20 7490 8062 |
About FFastFill
FFastFill is the leading provider of Software as a Service to
the global derivatives community using our extensive
knowledge of the industry to automate trade flow processes
across a firm's front, middle and back offices.
FFastFill's solutions encompass electronic order routing,
clearing, risk management and back office as part of an
integrated, yet modular system architecture. FFastFill is
traded on London's AIM (AIM: FFA).www.ffastfill.com. Follow us
on Twitter @FFastFill.
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