Cadana, a payroll and earned wage access platform in Africa has boosted security by acquiring a SOC 2 Type 2 report and an ISO/IEC 27001:2013 certification from the American Institute of CPAs (AICPA).
According to the firm, the development is to ensure Cadana is constantly above global standards in compliance, data security and processing integrity.
“Organisations of all sizes rely on Cadana’s payroll and earned wage access solutions to delight their employees. We, therefore, have to ensure that their data are safeguarded against all forms of external attacks. We’re excited for the nod from the auditors and certifying agency,” Ameer Shujjah, President and CTO of Cadana said.
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The AICPA established SOC 2 Type 2 to ensure that service providers secure user data. SOC 2 Type 2 report is an internal controls report reflecting how Cadana safeguards customer data globally and how well those controls are performing.
Cadana is a modern payments platform for working Africans. Its software allows employees to access a portion of their earned salaries early instead of waiting till the end of the month, at no interest.
Cadana partners with businesses to offer its earned wage access service as a benefit to employees by integrating with their existing payroll provider. For businesses without a payroll system, Cadana offers easy-to-use software to automate their payroll, compliance and payments.
