Ernst & Young audit provides Baker Hill® products with SSAE16 SOC 2 and 3 certification
Experian®, the leading global information services company, announced that the American Institute of Certified Public Accounts’ (AICPA) has awarded the Service Organization Control (SOC) 2 and 3 level certification (formerly SAS 70 reports) for its Baker Hill® products — Baker Hill Advisor® and Baker Hill Origination®. These are the highest levels of certification that a company can receive from the AICPA.
“We are very pleased to announce that Experian has received the esteemed AICPA SOC 2 and 3 level certification for the security, availability and confidentiality of our Baker Hill products,” said Charles Chung, president of Experian Decision Analytics. “Achieving certification offers important validation that Experian is deploying a sound approach to hosting our clients’ data that is consistent with the AICPA standards.”
The SOC 2 and 3 certification assures Experian clients using the Baker Hill products the highest level of:
- Security — protection against unauthorized access (both physical and logical)
- Availability — available for operation and use as committed or agreed
- Confidentiality — information designated as confidential is protected as committed or agreed
Baker Hill Advisor is a comprehensive business process service within Experian Decision Analytics designed to help financial institutions manage and enhance their profitability by integrating sales, portfolio and customer management so they can assess each relationship in their portfolio and create active client-focused strategies designed to increase profitability. Baker Hill Origination helps financial institutions to automate their origination and underwriting processes. More than 220 financial institutions nationwide — including more than 35 of the top 150 financial institutions — use the Baker Hill Origination products.