Toronto, Canada – September 30, 2022 — GlobalTrade Corporation (GTC) announced that it has achieved System and Organization Controls (SOC 1) Type 2 compliance. SOC 1 Type 2 certification is a widely recognized auditing standard aimed at evaluation and attestation of controls, ensuring their effective design, implementation, and operating effectiveness over a nine-month observation period. The audit was performed by Deloitte and the certification achieved by GTC will provide yet another level of confidence in secure operations to its global enterprise clients.
“The achievement of SOC 1 compliance signifies that GTC is a trustworthy custodian of its customers’ financial information and shows that we take strict measures to protect customer data,” said David Jack, VP Infrastructure & Information Security at GTC. “Businesses need to have assurance that their data is safeguarded, which is why we have made it a priority to continue to invest in our security controls.”
GTC, who recently also achieved ISO 27001 certification, continuously strives for process improvement and innovations in cybersecurity space to ensure integrity and safety of its clients’ data.
About GlobalTrade Corporation:
GTC pioneered multi-bank trade finance solutions for corporates. The company continues to lead the industry by developing ecosystems aimed at digitizing all stages of a trade finance transaction and connecting all transaction parties. The latest version of the company’s cloud solution includes features for establishing and managing relationships with banks and insurance companies, pricing of trade finance instruments, their issuance, and advice, post-issuance events, managing electronic documentation, and risk participation. Recognizing that trade finance is tightly connected to other areas inside and outside a corporate organization, GTC supports multiple interfaces and formats for sharing information with other internal corporate systems, such as ERP, financial reporting, cash management and payments, user management, as well as external platforms for connecting with banks and logistics providers. Taking the knowledge and expertise that GTC acquired from over 20 years of servicing MNCs, it created a streamlined version of its platform for SMEs that delivers major benefits of the enterprise version at a reduced cost and implementation effort. For more information, please visit www.globaltradecorp.com