Online Banking Solutions (OBS) today announced the successful completion of an independent SAS 70 Type II audit confirming the Online Messenger Platform's operational controls and compliance.
Online Messenger provides online, event-based and multi-channel banking services to financial institutions and their customers in a 100% hosted or application service provider environment. In addition to meeting these stringent service organization standards for its outsource business, OBS reported 100% system availability, which is critical to its many major U.S. banking clients.
The successful completion of the SAS 70 - II audit (Statement on Auditing Standards No. 70: AICPA) means that an independent auditor has confirmed OBS's service organization's adherence to adequate internal controls including security for its operations and Online Messenger Platform.
"Superior performance and audit compliance are necessities for OBS' client banks," says Dan Myers, OBS' CEO. "OBS is as committed to compliance and performance for our clients as we are obligated to provide them innovation, means for revenue enhancement, and the next generation of efficiency."