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SOC 2 Type 2 Compliance

What is SOC 2 Type 2 Compliance?

‍SOC 2, developed by the American Institute of CPAs (AICPA), is an audit framework for an organization’s control and management of customer data, relevant to security, availability, processing, integrity, confidentiality or privacy. SOC 2 reports help the organization in question, as well as regulators, partners, customers, vendors, and other stakeholders, achieve more confidence in the integrity of security, operations, and management of customer data.

A SOC 2 Type 2 report describes an organization’s system and whether the design and operating effectiveness of the system’s controls are suitable to meet relevant trust services principles as of a specific date.

Is Rho SOC 2 Type 2 Compliant?

Rho is SOC 2 Type 2 compliant. Rho is audited every year by a third-party using the SOC 2 framework.

Rho’s SOC 2 Type 2 report is only accessible upon request to our Client Service team.

Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.