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Testing and defence led by a published security researcher with five CVEs, including a CVSS 9.1 Mirai botnet kill-switch.

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Audit-ready, fixed scope

SOC 2, ISO, CPCSC, and the Canadian privacy stack, run end to end with an independent auditor.

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SOC 2 · FinTech

SOC 2 for FinTech

Your customer, investor, or auditor just made SOC 2 a requirement. Here is what it takes, how long it runs, and how a Toronto team gets you there. Most clients are audit-ready in 8 to 12 weeks.

FinTechs face SOC 2 plus the extra scrutiny that comes with handling money and financial data. We deliver SOC 2 readiness that also holds up to bank partners, processors, and regulators.

Book a free readiness call Full SOC 2 service
From $3,000 CAD · gap analysis See full pricing →

Why FinTech companies need SOC 2

  • Bank sponsors, payment processors, and enterprise customers routinely require a SOC 2 report before integrating with a FinTech.
  • FinTechs often need SOC 2 alongside PCI DSS when they touch cardholder data, and sometimes alongside regulator expectations.
  • Handling financial data raises the bar on access control, encryption, and change-management evidence in a SOC 2 audit.
  • A strong SOC 2 posture accelerates bank and processor due diligence, which is often the real bottleneck to launch.

More context on this sector on our FinTech industry page, and on the framework itself on our SOC 2 hub.

What our SOC 2 engagement covers

Tailored to FinTech, delivered by a Toronto security and compliance team led by a published security researcher, with our offensive-security partner where offensive testing is involved.

  • Coordination where SOC 2 overlaps with PCI DSS scope
  • Evidence tuned for bank-partner and processor due diligence
  • Trust Services Criteria scoping and a gap assessment against your current controls
  • Policies, procedures, and a lift-and-adopt evidence repository
  • Control implementation across IAM, change management, vendor risk, and incident response
  • Auditor introduction and Type I / Type II audit coordination

See the full SOC 2 service page, or productized pricing for fixed-scope engagements.

Related pages

SOC 2 for FinTech: common questions

Is SOC 2 enough for a FinTech, or do we also need PCI DSS?

SOC 2 covers your overall control environment; PCI DSS applies specifically if you store, process, or transmit cardholder data. Many FinTechs need both, so we scope them together and build controls once.

Will a SOC 2 report satisfy our bank partner?

It is usually a core requirement, but bank partners often layer their own due-diligence questionnaire on top. We build evidence that answers both.

Does SOC 2 cover financial reporting?

No. SOC 2 covers security and related Trust Services Criteria, not financial-statement controls; those are covered by SOC 1 / SSAE 18. We help you tell which you actually need.

SOC 2 for FinTech, on your timeline

Book a free 30-minute discovery call. We will tell you whether this engagement fits, what it would cost, and when we could start.

Book a call Contact us

The same work, without the line item

Every readiness programme needs a control library, an evidence register, policies and a score for the board. Being quoted five figures a year for that is normal. Paying it is not.

traztech Workspace Other GRC platforms
Licence cost $0. Free forever, no card, no paid tier $7,500 to $50,000 a year, on an annual contract
Control library, evidence register, policy templates, risk register, vendor questionnaires, readiness scoring Included Included
What it costs inside an engagement with us $0. You need a workspace either way Unchanged. The subscription sits on top of the fee
What it does to your audit quote $11,000 off a five-figure quote on one engagement, for a documented readiness position Nothing. The audit firm prices your readiness, not your tooling

Pricing in the right column is what compliance automation platforms are publicly reported to charge; none of them publish a number, so treat it as a range rather than a quote. The $11,000 came off the audit firm's own number once the readiness position was documented (the engagement). Where a paid platform is the better buy, and the fuller comparison, is on the Workspace page.

Track record

Who is actually doing the work

We are deliberately not a large firm, and we would rather show you the work than a wall of logos. Here is what is behind the advice.

5
Published CVEs, including a CVSS 9.1
76
Controls taken from nothing to a passed SOC 2 Type II
Zero
Exceptions on that Type II report
75 days
Readiness window we have hit every time we have run it
20+
Penetration testing engagements delivered

Published vulnerability research

Five published CVEs. CVE-2024-45163 (CVSS 9.1) is a flaw in the Mirai botnet itself, which gave defenders a way to shut down attacker infrastructure. CVE-2026-42626 takes HP ENVY 5000 printers offline from any unauthenticated device on the same network.

The printer is the one that matters on a compliance page: an asset nobody counts as a computer, on a flat network, downed by a device that never had to log in. Auditors ask how controls fail. We have found out first-hand.

A SOC 2 Type II built from nothing

At Humera, a venture-backed US security company, Jacob built the compliance programme in-house from nothing: no report, no policies, no documented controls. It ended in a Type II attestation across 76 controls with zero exceptions, on a team of 15.

The platform held 99.9% uptime throughout, which is the part most readiness projects get wrong: controls are easy to design and hard to retrofit onto a system people already depend on.

Recent engagements

For a Waterloo data centre operator we ran SOC 2 Type II and ISO 27001:2022 together rather than one after the other, across a production campus, an AI compute platform and a self-hosted collaboration stack. Scoped so further Ontario and Quebec sites enter as they reach production. Findings delivered and remediated.

For an Ontario medtech company putting an AI clinical assistant in front of practitioners, we ran the gap analysis and built the evidence programme behind their SOC 2.