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SOC 2 Compliance Built for Regulated Financial Environments

Fintech companies face a higher level of scrutiny than the standard SOC 2 compliance process. Enterprise buyers evaluate your report through a stricter risk lens, while regulators demand deeper visibility into your controls, governance, and data handling practices. We help fintech platforms prepare for the level of examination that comes with managing sensitive financial data.

Provide your details below or reach out to us for a tailored quote based on your project requirements.

CREST Certified Pen Test Provider ISO Certified OSCP Certified Industry Certification

Get Your Fixed-Fee Quote

Tell us what needs testing. You’ll get a scoped, fixed-fee quote back the same business day, from a senior assessor, not a sales rep. No obligation, no spam.

✓ Same-day response✓ Fixed-fee, no surprises✓ Senior testers only✓ Retest included

We reply within one business day with next steps. Your details are used only to scope your enquiry, never shared or sold.

✓ UK-based CREST member · ✓ QSA-led methodology · ✓ Same-day scoping response · ✓ Executive + technical reports · ✓ Retest included
Why It Matters

Why Fintech Companies Need SOC 2 Compliance

Fintech platforms handle financial records, personal data, and transaction flows that carry real regulatory and commercial weight. Enterprise buyers and regulated institutions want proof you've built security that matches the sensitivity of what you're handling.

3,6 mo Avg sales delay without SOC 2
~60% Deals blocked at security review
2,3 mo Time to first Type I report

You process or store financial data

Transaction records, account data, KYC documents, credit decisions, the data you hold has legal and regulatory weight for your customers.

Your buyers are banks and regulated firms

Enterprise financial institutions run deeper security reviews than most buyers. A generic SOC 2 doesn't hold up, a fintech-scoped report does.

You're under FCA, PSD2, or FinCEN oversight

SOC 2 doesn't replace regulatory obligations, but a well-structured programme builds the exact documentation and controls that regulators examine.

Transaction accuracy is a security question

If your platform executes payments or financial calculations, buyers need to know your system does what it claims, completely, accurately, every time.

Deals stall without it

Series A investors conduct security reviews. Mid-market clients ask for it before procurement. Having a SOC 2 compliance report in place before the pressure hits means you control the timeline.

You rely on financial infrastructure third parties

Payment processors, banking APIs, KYC providers, each one is in scope for your vendor risk controls, and buyers will ask about them.

Already handling PCI DSS? It works in your favour.

If your platform processes cardholder data, many of the controls SOC 2 requires already exist in your PCI programme (access management, encryption, monitoring, incident response). As PCI DSS QSA-qualified consultants, we map your existing controls to SOC 2 Trust Service Criteria, close the gaps, and avoid duplicating work you've already done. The result is a faster, less expensive engagement than starting from scratch.

Talk to us about PCI + SOC 2 →
Trust Service Criteria

Which Criteria Does Your Platform Need?

Security is mandatory for every SOC 2 report. The rest depends on your product and who you're selling to. Here's how fintech platforms typically map to each criteria.

CRITERIA WHAT IT COVERS INCLUDE WHEN
Security ✅ (Always) Access controls, encryption, network monitoring, endpoint protection, vulnerability management, incident response. Every SOC 2 engagement, no exceptions.
Availability (Common) Uptime commitments, redundancy, failover, DR procedures. Your platform processes payments or time-sensitive transactions. If SLAs exist in any customer contract, add it from the start.
Processing Integrity (Fintech standard) Transactions processed completely and accurately. Errors detected and corrected. Data not lost or duplicated between systems. You execute payments, calculate fees or interest, move funds, or produce financial data that downstream systems act on.
Confidentiality (Common) Classification of financial records. Access restriction. Retention and disposal. Contractual confidentiality commitments. You hold account records, credit data, KYC documentation, or business financial statements from regulated entities.
Privacy (Consumer fintech) Collection, use, retention, and disposal of personal financial data. Data subject rights. Consent frameworks. Your platform handles personal financial data for individual consumers, lending, open banking, personal payments.

Our Services

SOC 2 Compliance & Certification FedRAMP AdvisoryFor Fintech Platforms

From readiness assessment through audit liaison and continuous compliance. We stay with you, not just through the audit.

SOC 2 Readiness Assessment

We assess your security and compliance posture against relevant Trust Service Criteria. For fintech, this includes transaction controls, financial data handling, third-party dependencies, and PCI DSS requirements. You receive a clear gap analysis before the observation period begins.

Processing Integrity Scoping and Evidence

Processing Integrity is often the weakest area in fintech SOC 2 audits, not due to missing controls but due to lack of formal documentation and testing. We define scope, document transaction controls, error detection, and data flow integrity, and build audit-ready evidence for financial scrutiny.

Financial Data Confidentiality Controls

We review how financial records are classified, accessed, encrypted, and retained. For fintechs serving regulated clients, confidentiality is often a contractual requirement. We identify gaps against buyer expectations and build the necessary controls and documentation to close them.

PCI DSS and SOC 2 Integration

As PCI DSS QSA-qualified consultants, we scope SOC 2 alongside your PCI requirements. Shared controls like segmentation, encryption, access management, logging, and vulnerability management are documented once and mapped to both frameworks. If PCI DSS is not in place, we align both from the start.

Policy and Control Development

We craft policies and controls that match how your platform truly works. For fintechs, this covers transaction processing, financial data classification, vendor risk (including payment processors and banking APIs), and change management for sensitive production environments.

Vendor Risk Management for Financial Infrastructure

Fintech platforms depend on multiple third-party services, like payment processors, banking APIs, KYC providers, and credit bureaus. All of these fall under vendor risk controls, and enterprise buyers will ask about them. We create a fintech-specific vendor risk program, tiering vendors by criticality, reviewing their SOC 2 and PCI reports, and outlining steps if a key partner fails.

Implementation Support

Hands-on, not just advisory. We configure audit log retention and tamper-evidence for transaction records, validate encryption standards for financial data at rest, build access review processes with separation of duties for financial operations, and set up monitoring and alerting for transaction anomalies alongside security events.

Continuous Compliance and Renewal

PSD2 standards evolve, FCA guidance changes, and new vendors are added. SOC 2 should reflect current operations, not last year’s snapshot. We build continuous monitoring into your program, including transaction controls, vendor reviews, and access governance, so your report stays audit-ready at renewal.

Common Gaps

What a fintech readiness assessment typically finds:

Gap identified

Processing controls not formally documented

Processing controls that exist in engineering but haven't been formally documented or tested for completeness.

Gap identified

Inconsistent financial data classification

Financial data classification that isn't applied consistently across production and non-production environments.

Gap identified

Incomplete vendor inventories

Vendor inventories that don't include all financial infrastructure dependencies (banking APIs, fraud services, credit bureaus).

Gap identified

Incident response gaps for payment failures

Incident response procedures that cover security events but not payment processing failures.

Gap identified

Encryption not mapped to SOC 2 criteria

Encryption configurations that satisfy PCI requirements but haven't been mapped to SOC 2 criteria.

Gap identified

Access reviews missing financial operations systems

Access reviews that exist for cloud infrastructure but not for financial operations systems with privileged access to transaction data.

TIMELINE

How Long Does SOC 2 Take for a Fintech Company?

A first Type II engagement typically runs five to nine months from readiness assessment to final report, depending on your observation period and existing controls maturity.

1

Readiness assessment

2,4 weeks. Gap analysis across all relevant criteria including PCI overlap.

2

Remediation

4,8 weeks. Controls built, policies written, vendors documented.

3

Observation period

3,6 months. Controls operate under evidence collection. Type II requires a minimum 6-month period.

4

Audit and report

4,8 weeks. Fieldwork, evidence review, draft report, final issuance.

Our Advantage

Why Fintech Teams Trust RedSecLabs for SOC 2 Compliance

01

PCI DSS QSA Qualified

We understand regulated financial data environments well enough to audit them, not just to write policies about them.

02

CREST Certified

Independently verified credentials that matter when a bank's procurement team looks at who produced the report.

03

Multi-jurisdiction Coverage

Offices in London, the US, and Dubai. We advise on how your SOC 2 programme maps to FCA, PSD2, FinCEN, and state-level obligations.

CREST Accredited
Internationally recognised security certification
Fintech & Healthcare
Specialist experience in regulated SaaS verticals
Same-Day Proposals
Fixed-scope pricing after your scoping call
End-to-End Support
Readiness through certification and beyond

Frequently asked questions

Yes. PCI DSS covers many of the same security controls as SOC 2, so it gives you a strong head start. It can reduce effort and audit preparation time, but you’ll still need SOC 2-specific documentation and coverage of broader systems.

Type I checks whether controls are properly designed at a point in time. Type II tests whether those controls actually work over time (usually 3,12 months). Fintech companies almost always need Type II for enterprise trust.

No. FCA authorization is regulatory compliance, while SOC 2 is a customer-driven security assurance report. They overlap in controls, but one does not replace the other.

No. It’s optional. It’s only included if your service commitments depend on transaction accuracy or processing correctness.

Typically 2,4 weeks for readiness, 4,8 weeks for remediation, and 5,9 months for a Type II report depending on your observation period and control maturity.

If you handle financial or regulated data, yes. Investors and enterprise customers often expect it early. Starting early avoids delays during sales or fundraising.

Get My Fixed-Fee Quote

Book a free 30-minute scoping call. CREST-format proposal within 48 hours, engagement starts within 1-2 weeks.

Book a Scoping Call Contact Us

Where to next

Related services and industry packages worth exploring.

SOC 2 Compliance Hub

Type I vs Type II

SWIFT CSP

Frequently Asked Questions

CREST audits member companies against a quality framework covering methodology documentation, tester competence (mandatory CREST-certified individuals), ethical conduct, ongoing professional development, complaint handling, and operational quality. Membership is reviewed periodically and can be withdrawn. It is the strongest single quality signal for penetration testing providers.

CREST Registered Tester (CRT) is the entry-level individual certification, passed after demonstrating practical infrastructure testing competence. CREST Certified Tester (CCT) is the senior level requiring substantially more experience and a harder examination, separated into Infrastructure and Applications specialisms. CCT testers lead the most complex engagements.

Methodologically, both should look similar. The differences are: tester certification (CREST member companies must use CREST-certified testers), audited quality framework (CREST audits members), ethical conduct framework (formal CREST code), and report quality expectations (CREST-format reports are recognisable to enterprise security teams). For regulated buyers, CREST removes the need to assess these things yourself.

CREST testing typically runs 10-25% above unaccredited equivalents reflecting the cost of certified-tester staffing and quality framework. External infrastructure tests £4,500-£11,000; web application tests £6,500-£20,000; threat-led testing engagements £45,000+. Fixed-fee quotes within 48 hours of scoping.

Yes. Every penetration test we deliver follows CREST methodology and is led by CREST-certified testers, there is no "CREST-lite" or non-CREST option from RedSecLabs. Other services like vulnerability assessment and red teaming follow their own appropriate methodologies (CREST also accredits red teaming under STAR).
What you receive

Every engagement includes

  • ✓ Scoping call. A 30-minute call to define scope, timeline, and authorisation boundaries.
  • ✓ Test plan. Written test plan covering targets, methodology, and rules of engagement.
  • ✓ Technical report. Detailed findings with reproduction steps, evidence, and remediation guidance.
  • ✓ Executive summary. Board-ready 1-2 page summary with risk ratings and business impact.
  • ✓ Audit-ready evidence. Findings letter formatted for auditors, customers, and supervisory authorities.
  • ✓ Retest letter. Free retest of remediated findings within an agreed window. Confirmation letter included.
  • ✓ Remediation call. A call with our lead tester to walk through findings and remediation strategy.
How we deliver

Our process, end to end

  1. 1
    Scoping call & fixed-scope quote
    A 30-minute call. We define scope, targets, timeline. You get a fixed-scope quote within one working day. No surprise invoices.
  2. 2
    Test plan & authorisation
    Written test plan covering methodology, targets, and rules of engagement. Authorisation letter signed before any testing begins.
  3. 3
    CREST-accredited execution
    Senior tester runs the engagement. Critical findings flagged immediately during testing. Daily updates if you want them.
  4. 4
    Technical + executive report
    Detailed technical findings with reproduction steps. Board-ready executive summary. Delivered within agreed working days.
  5. 5
    Remediation call & retest
    Walkthrough with our lead tester. Retest of remediated findings within the agreed window. Confirmation letter for your auditors.
Engagement scope

What shapes the quote

Small scope
Single app, focused scope, smaller surface. 5-7 working days.
Medium scope
Multi-role platform, several user types, integrations. 8-12 working days.
Enterprise scope
Complex environment, multiple targets, compliance evidence. 12-25 working days.
Fixed-scope quote within 1 working day
No surprise invoices, no scope-creep. We commit to a number before you commit to us.
Sample report
See exactly what we deliver
Download a redacted RedSecLabs penetration test report. Same format, same depth, same clarity as the report your team will receive.
Download sample report
Why RedSecLabs

Grounded reasons clients choose us

⚑
UK-based team
Testers based in the UK. Data stays within UK/EU jurisdiction for sensitive engagements.
❄
CREST member company
CREST-accredited methodology. Senior testers hold CREST CRT or CCT certifications.
⚙
Manual testing, not scanner-only
Automated scanners catch the obvious. Our human testers find the issues that matter.
✎
Clear executive reporting
Reports your board can read and your developers can act on. No jargon padding.
♚
Compliance-aware delivery
PCI, SOC 2, ISO 27001, DORA, GDPR. We map findings to your compliance framework.
↺
Retest support included
Free retest of remediated findings within agreed window. Confirmation letter for auditors.
Related services

Often paired with this engagement

SOC 2 Compliance Hub →
Type I vs Type II →
SWIFT CSP →
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