Benzinga | Apr 23, 2021 08:32AM EDT

GreenBox POS Egnages Armanino Auditors To Obtain SOC 2 Compliance

GreenBox POS (NASDAQ: GBOX ("GreenBox", the "Company"), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, announced a partnership with Armanino, one of the top 25 largest independent accounting and business consulting firms in the United States, to audit GreenBox in order to obtain SOC 2 compliance.

SOC 2 (Systems and Organizational Controls) Compliance is part of the American Institute of CPAs' Service Organization Control reporting platform. SOC 2 applies to technology and SaaS companies that handle or store customer data and looks to ensure the integrity of their data systems and safeguards. GreenBox will work closely with Armanino throughout the technical audit to achieve compliance and provide clients with the necessary protections.

"GreenBox is committed to safeguarding our infrastructure as well as our customer data and we are pleased to work with Armanino towards gaining SOC 2 compliance and demonstrating this commitment," said Fredi Nisan, Chief Executive Officer of GreenBox POS. "After becoming SOC 2 compliant, GreenBox will have the tools in place to monitor activity, recognize threats and alert parties about any indications of security problems."