Peach Finance is a cloud-native lending technology platform that helps fintechs and traditional financial institutions launch and scale new lending programs.
Dealing with such high-stakes information and data consisting of organizations’ financial information, Peach needed an expert compliance partner to quickly and efficiently help them on their data security compliance journey to continue to close deals with larger enterprises.
In order to continue to help other businesses scale in a timely manner and help themselves do the same, Peach was looking for a partner to take the burden and guesswork out of security and risk compliance. Peach had to quickly acquire their SOC 1, SOC 2, and HIPAA certifications without taking away from their main focus of growing their business or detracting from their day-to-day responsibilities.
Recommended by mutual investors, Peach turned to Thoropass (formerly Laika) as the all-in-one security compliance hub, including leveraging Thoropass as their auditor. Thoropass’s team of experts guided Peach to understand the scope of work while providing readily available policy templates along the way to seamlessly implement controls for the best audit outcome.
Key steps of Peach’s security compliance journey were clearly identified through the help of Thoropass’s expert Customer Success Managers acting as both a project manager and a platform master in accordance with Thoropass platform’s easily managed task list, implementations, monitors, and more. Thoropass’s dedicated team of Compliance Architects leveraged their expertise to aid Peach in drafting policies, moving through the audit quickly, and being equipped to quickly tackle a security questionnaire without having to leave the Thoropass platform.
“We needed a security compliance partner we could rely on for the entire preparation and audit process. That included understanding the scope, putting processes in place, creating documentation, using the right tools and implementing the right controls.”
Co-founder & COO [ Peach ]
“With a forward-thinking organization that works diligently to take every measure to prevent potential risks and threats, Peach worked towards their SOC 1, SOC 2, and HIPAA for all the right reasons, while being amazing partners during the process. Their company value of “Think long-term” was reflected in their desire to go above and beyond in building a great product, a great company, and a secure platform to work with for decades to come.
Customer Success Manager [ Thoropass ]
In three months, Peach was audit-ready by leveraging Thoropass’s platform through seamless integrations and automation processes to verify relevant compliance evidence. Peach successfully obtained their SOC 1, SOC 2, and HIPAA certifications without missing a beat in their business by relying on Thoropass’s organization and delivery of evidence for an evaluation during audit.
Recognizing the positive impact of compliance for their business, Peach is now able to grow up-market by building up deep marketplace trust for existing customers and prospects alike. Peach is diligently managing their continuous compliance journey with Thoropass to keep their security certifications up to date and to continue to manage and scale their business.
Talk with one of our experts to build your custom path to compliance and take advantage of Thoropass’s thoughtful automation, expert guidance, and security audit experience.