Security and compliance are the backbone of our business.
Engiven Inc. has successfully completed the AICPA Service Organization Control (SOC) 2 Type 1 & type 2 audits. The SOC 2 Type 1 audit confirms that Engiven Inc.’s information security practices, policies, procedures, and operations meet the SOC 2 standards for security.
SOC2 Type 2, on the other hand, is a certification that examines the effectiveness of a company's controls over a period of time and includes testing to ensure that they are operating as designed.
Engiven’s SOC 2 Type 1 & 2 audits were conducted by Prescient Assurance, a leader in security and compliance attestation for B2B, SAAS companies worldwide. Prescient Assurance is a registered public accounting firm in the US and Canada and provides risk management and assurance services which includes but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, and CSA STAR.
All Engiven accounts provide the user with the option to utilize multi-factor authentication, or ‘MFA’ for short. MFA is a tool to protect user data from being viewed or accessed by an unauthorized person. MFA does this by requiring more than a single password for account login, allowing the Engiven user to designate a trusted third-party authenticator app that is required, along with the account password, in order to access the user account.
Engiven’s exchange service partner, Gemini, utilizes Chainalysis, a blockchain transaction monitoring and analytics service. Chainalysis creates alerts on transfer activity with exposure to certain, pre-defined risky wallet addresses. Exposure may be identified in either a direct transfer or indirect exposure resulting from previous transfer activity. These alerts can be created in a variety of ways, however the typical alert is based on a single transfer event, the level of risk of the wallet address and the amount of funds involved.
Engiven maintains Professional Liability, Cyber, and E&O insurance coverages. Additionally, each of our client's Gemini accounts are covered by insurance maintained by Gemini against certain types of crypto losses from their exchange account and from Gemini Custody®. To learn more about Gemini's insurance, please visit here. Details on Engiven’s insurance can be provided to prospective clients upon request.
The Engiven platform is directly integrated into Gemini's cryptocurrency exchange, one of the largest institutional crypto exchanges in the world with over $30B in custody. Gemini is regulated by the SEC, FINRA, FinCEN & the State of New York. Gemini insures cryptocurrency assets up to $200m per account and fiat is FDIC insured.
Established in 2000, RCF provides a custom donor-advised solution utilizing the philanthropic software platform DFX with complete administration including charity vetting and grant distribution. RCF supports more than $2 billion in donor-advised fund assets for financial firms and nonprofit organizations throughout the United States.