St. Louis, MO -- (SBWIRE) -- 12/15/2016 -- Loan origination software company, Financial Network Inc., puts extreme focus on security by employing best-of-breed solutions to meet the latest trends and threats in the cybersecurity world. FNI ensures compliance with industry standards like SSAE16 SOC1, PCI DSS, EI3PA, and GLBA through ongoing compliance and audit programs. These measures help an online lender like College Ave Student Loans ensure that their customers' data is safe and secure.
Cybersecurity refers to integrated multilayer solutions that help protect a company's critical data. "Security is not a product - it is a process. It goes beyond firewalls, access control, encryption, anti-virus protection, vulnerability management and compliance. It's a system of ensuring all of these things work together to deliver a solution that ensures real protection of sensitive data," said Mark Eichholz, Director of Security at FNI.
Financial Network Inc.'s customers understand the need for this process to be built into their lending solution and expect it to evolve with the changing security landscape. Such clients include College Ave, an online lender who specializes in education financing. The consumer data that is inherent in originating any loan requires a safe system, and FNI helped secure their data. "The team at College Ave Student Loans has a significant amount of financial services expertise, so we take the protection of our customer's information very seriously. It was critical for us to find a partner like FNI who could provide the custom solutions we needed without sacrificing on security protocols," said Tim Staley, COO of College Ave.
Furthermore, through robust monitoring and detection technologies, as well as a comprehensive vulnerability and threat intelligence program, FNI stays up-to-date with the latest risks and vulnerabilities through integrated solutions allowing rapid remediation. This allows them to be a security heavy partner in an increasingly technology-driven world, something that can never be undermined.
"When you consider our line of business and the services we provide to our customers, security has to be at the forefront of every solution that we provide. FNI insists on using best-of-breed security technologies and couples them with proven frameworks to ensure the security and availability of sensitive customer data," said Eichholz.
About Financial Network Inc.
Through over 30 years of providing custom credit lending solutions, Financial Network, Inc. stands as the market expert in robust credit lending platforms and loan origination systems. Based on extensive experience creating truly custom products, Financial Network Inc. has assembled FNI Turnkey and FNI Turnkey Plus solutions that are the culmination of the best lending practices. FNI has custom solutions in place with 3 of the 5 largest U.S. banks and lending institutions.