SNL Financial Announces SSAE 16 Standard Compliance for SNL Banker Managed Services
Charlottesville, VA (PRWEB) April 16, 2014 -- SNL Financial is pleased to announce that it has successfully completed an SSAE 16 examination (also known as an SOC 1 Report) for SNL Banker, SNL’s business intelligence and analytics solution for banks that securely integrates data from the multiple internal data sources. With SNL Banker, banks can clearly understand what happened from a financial & operational perspective and more accurately forecast future performance. The solution enables banks to make better future decisions, reduce risks, and effectively manage resources.
After a rigorous examination by an independent national auditing firm, this examination attests to SNL’s control design towards achieving our control objectives. We are committed to providing the highest levels of security and environmental controls to our SNL Banker customers.
SSAE No. 16 is a new attestation standard for services organizations put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). SSAE No. 16, which replaces Statement on Auditing Standards No. 70 (SAS70), addresses engagements undertaken by a service auditor for reporting on controls at service organizations (e.g., managed providers) that provide services to user entities, for which a service organization’s controls are likely to be relevant to a user entity’s internal control over financial reporting (ICFR). This examination yields an SOC 1 report.
About SNL Financial
SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit http://www.snl.com.
About SNL Banker
SNL Banker is a new single-source for internal analysis, integrating bank's data to give a 360˚ insight into operations, finance, marketing and risk. This internal analysis solution helps banking professionals to gain a true understanding of critical business drivers like risk, customer relationships and efficiency with a minimal investment of their resources. SNL Banker is a product of SNL Financial, a leader in data analysis and business intelligence for over 25 years.
Christina Twomey, SNL Financial, +1 (212) 542-8033, [email protected]
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