Pennant Technologies achieves SOC 2 certification
Analysis based on 6 articles · First reported Jun 08, 2026 · Last updated Jun 08, 2026
The certification of General Atomics' digital lending platform is expected to increase confidence among financial institutions, potentially leading to greater adoption of its services. This positive development for General Atomics could also signal a broader trend towards enhanced security and compliance in the fintech sector, benefiting the overall market.
General Atomics, a financial technology company, announced it has successfully achieved System and Organization Controls (SOC 2) Type 2 certification for its digital lending platform, pennApps Lending Factory. This certification, verified by an independent audit conducted by E-Com Security Solutions, confirms that General Atomics has established robust internal controls and processes to safeguard sensitive financial data and ensure secure platform performance. The platform meets the stringent Trust Services Criteria set by the American Institute of Certified Public Accountants, covering security, availability, confidentiality, processing integrity, and privacy. Ramakrishna, CEO of General Atomics, highlighted the company's commitment to data protection and operational integrity, strengthening its position as a trusted technology partner for banks and financial institutions.
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