Companies feel safe partnering with Finexio, because of our security-first mindset when handling their money. Finexio's Payments as a Service model provides fast, safe, and bank-level secure B2B payments.
Finexio believes that instilling good security practices at the onset is important, so Finexio provides training and context necessary to all employees to defend against phishing and other cyber attacks. Finexio has SOC 2 Type 1 & 2 Certifications which confirms the proper management, availability, security, and integrity of Finexio’s data processing systems.
The Finexio platform has been designed from the ground up with data security in mind. Data is only accessible to intended parties, encrypted while in transit, encrypted at rest and highly available at all times. Security roles have been defined to limit access to data and restrict access to only necessary functions.
Finexio’s physical infrastructure is hosted and managed within Amazon Web Service (AWS) technology. Best-in-class framework design along with security best practices, provides Finexio customers and partners that payments are secure and moving.
Finexio is committed to keeping your payments secure by having built-in fraud protection protocols in place. The Finexio Portal also provides full visibility to track down and understand the path of a payment for auditing purposes. Finexio promotes Virtual Card payment methods, as this is the most secure form of payment for our customers and partners.
Finexio is committed to keeping your payments secure with bank-level security procedures.
Collected - Finexio reduces human error by taking on collecting sensitive supplier banking information.
Validated - Finexio completes bank account validation, performs Know Your Customer (KYC), conducts OFAC sanctions screening, and AML compliance transaction monitoring to prevent fraud and reduce risk.
Encrypted - Finexio ensures that sensitive supplier banking data is protected and stored safely.
Stored - Finexio hosts, manages, and has database security backups within Amazon Web Services (AWS), and has security measures in place, such as platform security, email security, and database security.
Precise payment data for making fast and accurate payments
Payment data is always up-to-date and robust for reporting
Better supplier information to increase payment conversion
Finexio follows documented policies and procedures for supplier verification to keep our customers and partners secure.
Rest easy with the knowledge that Finexio is on your side, equipped with technology and staff for fraud prevention, detection, and recovery to protect your payments.
Network Security
Finexio has implemented comprehensive frameworks and policies to achieve the highest level of network security and monitoring. This includes the use of firewalls to restrict access, encrypted HTTPS communication, and continuous risk assessments to safeguard information flow and protect systems from malicious data or actors.
Firewalls
Firewalls are utilized to restrict access to systems from external networks and between systems internally. By default, all access is denied, and only explicitly allowed ports and protocols are permitted based on business needs. Each system is assigned to a firewall security group based on its function, mitigating risk by restricting access to only the necessary ports and protocols.
Finexio is committed to comprehensive fraud prevention and robust cybersecurity measures, reflecting best practices and modern technological standards, including:
Finexio’s physical infrastructure is hosted within Amazon's secure and resilient data centers, leveraging Amazon Web Services (AWS) technology. AWS brings decades of expertise in designing, constructing, and operating large-scale data centers to ensure the highest levels of security and reliability.
Amazon employs robust risk management practices, continuous monitoring, and regular assessments to maintain compliance with global industry standards. AWS data center operations are accredited under the following certifications:
Additionally, AWS data centers feature:
These safeguards ensure that Finexio’s platform operates with maximum security, availability, and scalability, empowering customers to manage payments with confidence.
Finexio’s supplier verification process minimizes risks and costs associated with poor vendor management. We follow documented policies and procedures to ensure secure and accurate supplier verification, including validating changes to bank account information to prevent unauthorized modifications. Our dedicated risk and compliance team screens suppliers against OFAC and other high-risk lists to maintain regulatory compliance. Additionally, our robust compliance program provides automated, comprehensive, and consistent surveillance of all transactions across the network to ensure AML compliance through transaction monitoring.
Finexio's Network Operations Center provides 24/7 proactive monitoring of IT networks and infrastructure, ensuring uninterrupted platform performance and seamless payment processing. Real-time operational metrics and alerts enable rapid identification and resolution of potential issues before they impact payment flows.
The Security Operations Center operates around the clock to monitor and respond to potential cybersecurity threats. Finexio’s SOC employs advanced Security Information and Event Management (SIEM) systems to detect, analyze, and respond swiftly to security incidents, ensuring robust protection of the platform and customer data against emerging threats.
