Quadrangle, an industry-leading provider of bank and service provider management and contract negotiation, announces their achievement of System and Organization Controls (SOC) 2 Type 1 compliance. As the need for cybersecurity increases, obtaining a SOC 2 Type 1 report demonstrates our efforts towards protecting client data in both our service offering and on the QDS Platform.
The SOC 2 reporting framework was put in place by the American Institute of Certified Public Accountants (AICPA) to ensure firms perform the best data and security practices and are properly securing client data. The Type 1 report details the procedures and controls put into place by an organization as of a point in time, creating a path towards achieving a SOC 2 Type 2 report.
Our services and technology platform all rely on data. With millions of data points aggregated over thousands of contracts, Quadrangle is committed to protecting this critical resource for us and our clients. The SOC 2 Type 1 compliance further demonstrates our investment into safeguarding our clients’ data and privacy and maintaining best practice cybersecurity.
About quadrangle
Quadrangle is a top provider of bank and service provider contract negotiation and management to the financial services industry. Our firm combines institutional intelligence from subject matter experts with a robust technology platform backed by our extensive database. We review and negotiate trade and financing agreements (e.g., prime brokerage, ISDA, futures) and service provider contracts (e.g., cybersecurity, data providers, fund administrators, research), focusing on saving money and reducing risk. Additionally, we offer storage, tracking, and customized reporting for side letters, limited partnership agreements, and investment management agreements. Our proprietary QDS Platform serves as an information hub for storing, tracking, and managing documentation and term-by-term reports, creating actionable analytics and promoting business continuity for our clients. Quadrangle’s customizable solutions and expertise enable firms to increase efficiency, expand capabilities, and improve informed decision-making.