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Blanc Labs Inc. receives SOC 2 Type I certification

Blanc Labs SOC2 Type 1 certification

Blanc Labs, a leader in enterprise-level digital transformations, today announced it has achieved SOC 2 Type I compliance as verified by the American Institute of Certified Public Accountants (AICPA). This third-party industry validation demonstrates to Blanc Labs’ current and future customers that the data stored with Blanc Labs is secure and compliant with industry leading standards.  

The certification is the result of an extensive audit conducted by Prescient Assurance, a recognized leader in security and compliance attestation for B2B SaaS companies and service organizations controls worldwide. Blanc Labs’ IT infrastructure was evaluated according to the Security, Availability, Confidentiality, Processing Integrity and Privacy criteria established by the American Institute of Certified Public Accountants (AICPA) for Service Organizations also known as SSAE 18. By achieving an unqualified opinion on its SOC 2 Type I audit report, Blanc Labs has confirmed to customers that they manage their customer data with the most rigorous security and compliance protocols available.  

“We are proud to receive this certification,” said Hamid Akbari, CEO of Blanc Labs. “This proves our commitment to providing our customers with the highest data security standard available today.”  

SOC 2 Type I certification is an essential assurance for organizations operating in the digital space that their systems, processes, and operations meet the highest security standards. By obtaining SOC 2 certification, companies are able to demonstrate their commitment to implementing comprehensive security measures and protecting customer data. Furthermore, organizations that receive SOC 2 Type I certification also have the opportunity to increase customer confidence in their systems and processes.  

“Our customers’ peace of mind regarding data security is our top priority,” added Akbari. “As a technology company focused on developing innovative solutions, we believe this certification reinforces our efforts to ensure that our financial services and healthcare customers can trust us with their most sensitive information.”   

 

About Blanc Labs   

Blanc Labs offers technology solutions that help enterprises become ready for the future. Blanc Labs has developed expertise and bespoke solutions in a wide variety of applications, including financial services, healthcare, enterprise productivity, and customer experience, to help companies rapidly deliver on their digital initiatives. Headquartered in Toronto, Blanc Labs serves the Americas through operations in Toronto, New York, Bogota, and Buenos Aires. For more information, visit www.blanclabs.com  

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thirdstream and Blanc Labs collaborating to bring intelligent document processing to financial institutions

Document understanding and data extraction are keys to accelerating account opening and supporting underwriting of new retail and commercial accounts.

thirdstream, a leading provider of retail, commercial and credit card onboarding services, deployed with over 40 Canadian financial institutions, today announced a partnership with Blanc Labs, a trusted technology innovation partner to leading financial institutions. The collaboration injects Blanc Labs’ Intelligent Document Automation (IDA) onto thirdstream’s platform, extending existing services to include a proven solution that removes up to 80% of manual document reviews, thereby improving the customer and member experience.

“Our goal is to help our clients continually improve the experience for applicants and account holders. Our partnership with Blanc Labs leverages our Platform-as-a-Service, where our clients will be able to spin up the services Blanc Labs has already deployed with leading financial institutions, reducing the reliance on employee reviews of documentation,” said CEO Keith Ginter. “For those already using the thirdstream platform as part of their onboarding process, Blanc Labs’ Intelligent Document Automation (IDA) helps remove up to 80% of the manual document reviews and results in considerable improvement of the customer experience.”

Automated document understanding and data extraction are some of the keys to moving faster, especially when onboarding new commercial deposits and retail lending customers. thirdstream and Blanc Labs present a structured series of steps to deliver starting with the moment of customer engagement to data extraction using artificial intelligence  from each page of documentation. This eliminates the need for the manual entry of data, with complete and accurate data presented as part of the decisioning and account creation experience.

“Our services today address challenges across the financial ecosystem. Together with thirdstream, we’d like to offer faster time to value realization with our solution. Blanc Labs’ Intelligent Document Automation eliminates manual intervention and creates a compelling value proposition for banks, financial services, and insurance institutions. By increasing operational efficiencies, banks can focus on creating additional revenue streams and provide greater value for the end customer,” says Hamid Akbari, Blanc Labs’ CEO.

thirdstream and Blanc Labs help financial institutions deploy new products and services faster – a key consideration in today’s economy – as they build improved personalized services at scale. Our solution benefits financial institutions looking for pre-integrated innovative solutions that can de-risk and accelerate their modernization and digital transformation efforts.

About thirdstream

thirdstream is headquartered in Lethbridge, Alberta, providing digital account opening solutions, online and in-branch, to over forty Canadian banks, credit unions and trust companies. From identity verification to account funding, thirdstream’s solutions support consumer and business account opening, credit card onboarding, and unsecured retail lending, including adjudication. The thirdstream platform is cloud-deployed, designed for retail and business consumers seeking out financial institutions, and for financial institutions targeting consumers anywhere, any time, from any device. To learn more, visit www.thirdstream.ca.

About Blanc Labs

Blanc Labs is a preferred partner for enterprises looking to digitize and build the next generation of technology products and services. To help companies rapidly deliver on their digital initiatives, Blanc Labs has developed expertise and bespoke solutions in a wide variety of applications in financial services, healthcare, enterprise productivity, and customer experience. Headquartered in Toronto, Blanc Labs serves the Americas through operations in Toronto, New York, Bogota, and Buenos Aires. For more information on how Blanc Labs is building a better future, visit www.blanclabs.com.

News

Blanc Labs CEO Hamid Akbari Speaks On What It Takes To Scale Up Successfully

You don’t have to be a #Fortune500 company to start thinking strategically about the future of your business. Technology services firms that commit to strategic methods and sustainable growth mechanisms early on can experience exponential profitability.

The way forward is not always clear, but technology services firms can take it one step at a time. Hiring great people, adapting technological breakthroughs, and staying connected with the needs of their customers all contribute to success.

In this podcast hosted by Collective 54, our CEO, Hamid Akbari, talks about what it takes to scale up a company in today’s competitive landscape.

Curious to learn more about Blanc Labs? Get in touch.

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