Saxo Bank is the parent company of Saxo Markets, which is an online investment specialist and trading platform. Saxo Markets announced that Saxo Bank earned CSA Security, Trust and Assurance Registry Level 2 Attestation and Trusted Cloud Provider accreditation. Acquiring CSA Star Level 2 became the first financial institution and licensed bank with such an award.
Saxo Markets declared that Saxo Bank was awarded the Cloud Security Alliance (CSA) Security, Trust & Assurance Registry (STAR) Level 2 Attestation and Trusted Cloud Provider accreditation. The aspirations made the bank the first licensed bank and financial institution in the world.
The certification is nominated to the institutions that qualify for and adhere to the most distinguished and most extensive principles by a third-party auditor verification and validity. These principles include privacy, security, transparency, standard IT systems, infrastructure, services, and systems of back-office.
The APAC CEO of Saxo Markets, Adam Reynolds, expresses his feelings concerning the certification as follows:
“We are proud that Saxo became the first bank to earn a CSA Star Level 2. That is an important acknowledgment of our business model’s strength, power, and security and shows our strong commitment to holistic security. We are confident that it will further accelerate Saxo’s growth as a capital markets solutions provider for partners looking to run their investment infrastructure as a Service. And we’ll continue to raise the bar in the financial industry in terms of transparency, trust, and security,”
Ivan Chang is the head of Saxo Advanced Solutions in Saxo Markets. He commented that they view accreditation as an inspirational step to improve their transparency, trust, simplicity, and scalability in their services. They are keen on launching innovative features and solutions under necessary cybersecurity measures.
Over 120 banks and brokers and 300 financial intermediaries across the globe are actively benefiting from the technology and platforms of Saxo Bank. Precisely in Singapore, The technology and open architecture provided by Saxo Bank consists of the primary spine for Robo-advisors, independent wealth advisors, and fintech.
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