A fast-growing fintech payments platform was losing enterprise opportunities because customers required independent verification of its security controls. Our security consultants conducted a readiness assessment, implemented required controls, established an evidence collection process, and guided the organization through a successful audit. Within 16 weeks, the company achieved SOC 2 Type II attestation with zero exceptions, unlocking approximately $8M in annual recurring revenue opportunities.
Fintech
SOC 2 Type II Achieved With Zero Audit Exceptions
Security program development, control implementation, evidence collection, and audit readiness delivered a successful SOC 2 Type II attestation.
Executive Summary
The Engagement at a Glance
Challenge
Where the Organization Stood
A rapidly growing fintech payments platform was losing enterprise opportunities because prospective customers required SOC 2 Type II attestation before onboarding.
No SOC 2 Program
The organization lacked a formal security program aligned to Trust Services Criteria.
Evidence Gaps
Control activities existed but supporting documentation and audit evidence were incomplete.
Revenue Impact
Enterprise prospects delayed purchasing decisions until compliance requirements were met.
Solution
What We Did
Readiness Assessment
Comprehensive gap analysis performed against SOC 2 requirements and Trust Services Criteria.
Control Development
Policies, procedures, and operational controls formalized across the organization.
Evidence Program
Structured evidence collection process established to support auditor testing.
Audit Coordination
Direct support provided throughout the auditor engagement and review process.
Results & Outcomes
What Changed
16 Weeks
Time to SOC 2
The organization completed readiness activities and audit requirements within four months.
$8M
ARR Unlocked
Enterprise opportunities previously blocked by compliance requirements moved forward.
0
Audit Exceptions
The final SOC 2 Type II report was issued with zero audit exceptions.
100%
Control Coverage
Required controls were fully implemented and operationalized.
Key Takeaways
What Made This Engagement Work
Compliance Accelerates Sales
Enterprise customers increasingly require independent security assurance before signing contracts.
Evidence Matters
Strong controls alone are not enough without proper documentation and supporting evidence.
Preparation Reduces Audit Risk
A structured readiness process minimized surprises during the assessment.
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