Overview:
- Client: A growing FinTech startup offering digital payment solutions.
- Industry: Financial Technology (FinTech)
- Challenge: Meeting stringent enterprise security requirements for data handling and storage.
- Solution: Implementation of ISO 27001 compliance framework with Folksoft’s expertise.
- Results: Achieved ISO 27001 certification in 6 months, improved internal security practices and secured three major enterprise partnerships.
About the Client:
The client is an innovative FinTech SaaS company specializing in digital payment infrastructure for small and medium enterprises. With 50+ employees and growing adoption across North America and Europe, the startup was scaling rapidly but struggling to meet the security requirements of larger financial institutions.
The Challenge:
Handling sensitive financial data meant the company needed a robust Information Security Management System (ISMS). However:
- Lack of Structured Security Policies: Security measures were ad hoc and undocumented.
- Audit Readiness Gap: No internal processes to prepare for security audits.
- Client Trust Barriers: Enterprise prospects hesitated to commit without ISO 27001 certification.
- Scaling Risks: Security practices couldn’t keep up with the company’s rapid growth.
The leadership team realized that ISO 27001 compliance was essential to unlock high-value partnerships and prevent potential security incidents.
The Solution:
The client partnered with Folksoft to streamline their ISO 27001 journey, focusing on:
- Gap Analysis: A thorough review identified weak points in their current security processes.
- Risk Assessment: Prioritized risks and introduced controls aligned with ISO 27001 standards.
- Policy Development: Folksoft helped draft and implement key security policies (e.g., data encryption, incident response).
- Training Programs: Conducted workshops to build a security-first mindset across the team.
- Audit Preparation: Ensured all systems, documentation, and processes were audit-ready through mock assessments.
The Results:
ISO 27001 Certification Achieved in 6 Months:
The external audit was completed successfully, with no significant non-conformities.
Secured Three Enterprise Deals:
Post-certification, the client secured contracts with three enterprise financial institutions.
Enhanced Security Culture:
Employees across departments adopted standardized security practices, reducing vulnerabilities.
Reduced Operational Risks:
With ISO 27001 controls in place, the company mitigated risks related to unauthorized access, data breaches, and human error.
Client Testimonial:
“Folksoft didn’t just guide us to ISO 27001 certification—they helped us integrate security into our company’s DNA. The impact on client trust and operational efficiency has been significant.”
— COO, Digital Payment FinTech Startup
Key Takeaways for FinTech Leaders:
- ISO 27001 isn’t just about passing an audit—it’s about embedding security into everyday operations.
- Enterprise clients demand internationally recognized standards—ISO 27001 helps meet those expectations.
- The right guidance can transform security challenges into competitive advantages.
Why Partner with Folksoft?
At Folksoft, we empower FinTech startups to:
✅ Achieve ISO 27001 certification efficiently.
✅ Build trust with financial institutions and enterprise clients.
✅ Maintain ongoing compliance through tailored monitoring and support.
Is your FinTech startup ready for ISO 27001 compliance?
Let’s simplify the journey together. Contact Us Today!
Comments are closed