FRC - Gradifi Achieves SOC2 Type II Attestation

Gradifi today announced that it successfully completed an audit established by American Institute of Certified Public Accountants (AICPA) to certify its SOC2 Type II compliance for its student loan and college savings benefit platform for U.S. employers.

Gradifi’s SOC2 Type II audit verifies that an independent accounting firm reviewed and tested the company’s internal controls and confirmed that they meet the AICPA’s rigorous requirements for security, availability, processing integrity and confidentiality.

Gradifi’s cloud-based platform, which provides student loan repayment, student loan refinance and college savings options as an employee benefit, met the AICPA standard with zero exceptions, the highest security standard set by the organization.

In 2017, Gradifi received ISO 27001 certification, one of the most widely-recognized information security management system standards.

“SOC2 Type II attestation is part of Gradifi’s ongoing commitment to operate by the highest standards of security and confidentiality,” said Joe Finsterwald, Chief Technology Officer of Gradifi. “Employers can offer Gradifi’s employee benefit platform with the confidence that private information will remain safe and secure.”

Working with more than 400 companies across the U.S., Gradifi offers three solutions for employers to help their employees minimize student loan debt.

Gradifi’s SLP Plan® (Student Loan Paydown) allows employers to make a regular contribution to pay down an employee’s student loan debt. Gradifi Refi gives employees immediate access to leading student loan refinancing lenders with exclusive offers, at no cost to the employer, to help employees reduce monthly payments and get out of debt faster. Gradifi’s College SaveUp Plan allows employers to make contributions to employees’ 529 college savings plans to ease the stress of paying for a child’s education.

About Gradifi

Gradifi is an innovator in educational employee benefits for U.S. employers. Gradifi’s mission is to help employers build loyalty with their workforce by providing employee benefits that positively impact their employees’ financial well-being. Gradifi offers a single-platform solution to allow employers to offer employees student loan refinancing opportunities, and employer-sponsored contributions to student loans and 529 college savings plan accounts. A unit of First Republic (NYSE:FRC), Gradifi works with employers of all sizes across the U.S. www.gradifi.com.

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