Achieves SOC 2 Type 2 certification, highlighting industry-leading information security practices and compliance standards
SAN DIEGO, January 20, 2023 /PRNewswire/ — Engiven, Inc.a leader cryptocurrency donation technologies company, today announced that it has achieved SOC 2 Type 2 compliance in accordance with the American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. achievement of this standard with an unqualified opinion serves as a third-party industry validation that Engiven, Inc. provides enterprise-grade security for customer data secured within the Engiven, Inc. system.
Engiven, Inc. provides SaaS technologies that enable nonprofit organizations to securely accept and liquidate cryptocurrency donations while eliminating complexity and risk. Engiven’s crypto The donation platform is sleek, featuring a highly automated end-to-end solution where the donation is verified on the blockchain, exchanged for USD, and a gift receipt is immediately sent to the donor.
“Engiven was founded on the principle that complex donation solutions should be highly secure, transparent and simple,” said James Lawrence, co-founder and CEO of Engiven. “Financial confidence has become paramount in the crypto service industry and Engiven continues to place trust at the center of our business. By meeting or exceeding industry standards for security protocols, we aim to inspire the trust that opens crypto generosity for nonprofit organizations that are changing the world for good.”
SOC 2 Type 1 is a certification that examines a company’s controls at a specific time and provides an opinion on whether the controls have been designed effectively to meet compliance standards. Engiven first received SOC 2 Type 1 status in June 2022, become the first crypto donation platform to do so.
SOC 2 Type 2, on the other hand, is a certification that examines the effectiveness of a company’s controls over a period of time and includes testing to ensure they are working as intended.
An unqualified opinion on a SOC 2 Type 2 audit report demonstrates to current and future Engiven, Inc. customers that Engiven handles customer and confidential data with the highest security and compliance standards.
Founded in 2018, Engiven is one of the leading providers of cryptocurrency donation services to non-profit and faith-based organizations. The Engiven platform provides a highly automated solution crypto-donation solution that includes blockchain monitoring, auto-exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of development APIs. Engiven, Inc. has achieved SOC 2 Type 2 compliance in accordance with the American Institute of Certified Public Accountants (AICPA) standards for SOC for service organizations, also known as SSAE 18. For more information on Engiven, visit https://engiven.com. Follow us on twitter (@engiveninc) and LinkedIn (Engiven, Inc.).
SOURCE Engiven, Inc.