NES Financial Completes SOC 1 Type 2

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SOC 1 Type 2 Independent Examination Confirms Company’s Commitment to Due Diligence in Security, Transparency, and Compliance.

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NES Financial was founded on the principles of bringing security, transparency, and compliance to complex financial transactions.

NES Financial, a financial technology (FinTech) company serving private equity, real estate, and Fortune 1000 clients, announced the successful completion of its annual compliance examination. As part of NES Financial’s commitment to minimize risk and maximize success for its clients, every year for the past 12 years, the company has voluntarily undergone rigorous third-party compliance examinations of its technologies, procedures and control objectives.

Formerly known as SAS 70 and SSAE 16, the SOC 1 Type 2 examination is a recognized compliance and controls standard from AICPA and is used by leading banks and service providers across the financial industry. The NES Financial examination includes controls over technology, information, financial processes, security and other protected data. Conducted by one of the leading CPA firms in the country, the examination reviews the design of controls and operating effectiveness of the identified key control areas of NES Financial.

NES Financial is recognized for providing institutional-quality third-party fund administration, loan servicing, EB-5 administration and 1031 tax-deferred exchange services. “NES Financial was founded on the principles of bringing security, transparency and compliance to complex financial transactions,” said Michael Halloran, NES Financial Chairman and CEO. “Clients rely on our technology-enabled solutions and services to deliver these things and completion of the SOC 1 Type 2 is an important measure that demonstrates NES Financial’s continued commitment to best practices in fund administration.”

Along with SOC 1 Type 2, NES Financial also complies with OCC and BSA third-party vendor requirements for financial institutions. As a result, NES Financial’s operations meet the financial needs of the country’s leading public companies that must comply with Section 404 of the Sarbanes-Oxley Act, the Bank Secrecy Act, the Gramm-Leach-Bliley Act and other industry regulations.

About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back- and middle-office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration and 1031 tax-deferred exchange services. This includes administering more than 190 funds and working with over 550 EB-5 projects since our inception, as well as administering over $75B of 1031 assets annually.

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Laura Kelly
NES Financial
+1 (408) 367-0826
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