Innoviti Becomes India's First Payments SaaS Company to Receive Coveted SOC3 Seal of Excellence for Adhering to Trust Services Principles
- Reaffirms commitment to excellence in adhering to availability and processing integrity of its systems and processes
BENGALURU, India, Sept. 16, 2020 /PRNewswire/ --
"Processing payments reliably requires managing quality at scale. Rather than just making claims about our superior reliability and marketing service capabilities, we wanted to have an independent authority validate the same. We are proud to become the first Indian payments SaaS company to receive this seal of excellence.
SOC3 is the most definitive seal when it comes to adhering to principles of trust services. It establishes the organizations unquestioned commitment to excellence in managing availability and processing integrity of systems and processes, besides security, confidentiality and privacy of shared data and information. We subjected our systems and processes around reliability and promotion configurations and management to the strict principles of AICPA and are assertions about our methods and systems have been found to be true.
A key differentiator for us has been developing sophisticated technology and delivering it through simple, exceptionally crafted payment experiences. This is hard, very hard to put together. We are proud to have done that.
We are committed to ensuring that our marquee customers and partners get the best possible payment solutions on this planet, this seal is a huge endorsement of our mission," - said Mr. Gaurav Mehrotra, Vice President, Technology, Innoviti.
About Innoviti Payment Solutions Pvt. Ltd.
Innoviti Payment Solutions Pvt. Ltd. has been a pioneer in the use of technology to add intelligence to payment transactions, helping extract the full power of digital payments to drive business growth. As consumer centric businesses transform themselves digitally, Innoviti believes that the point of payment will play a pivotal role in connecting merchants to brands and banks, enabling them to discover and deliver new and unique experiences to their common customers. Innoviti's indigenously developed platform processes over 6.5B$ of offline merchant payments from over 1000+ cities in India, with a volume throughput that is 2X of the country's average. The company is winner of several awards including Reliance's Most Promising Growth Consumer Finance Award for its #KuchBhiOnEMI innovation in 2019. The company has several national and international patents filed for its technology with two awarded. Catamaran Ventures, India, SBI Capital, Japan, Bessemer Ventures, USA and FMO, Netherlands are investors in the company.
For more information, visit www.innoviti.com