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Backround
Sharegain automates their compliance with Scytale

SHAREGAIN GETS SOC 2 COMPLIANT IN RECORD-BREAKING TIME

Sharegain’s Security Lending as a Service automates all front and back-office functions into one place, creating seamless and customizable securities lending for online brokers, private banks and wealth managers to offer to their clients.

Matt

Matthew Barnett

Head of Operations, Sharegain

Scytale’s automation was the hero in our SOC 2 story, saving us months in manual evidence collection.

THE CHALLENGES

  • Between the hundreds of SOC 2 requirements, as well as the time-consuming and daunting admin, such as manually collecting screenshots as evidence, Sharegain knew it faced its fair share of common SOC 2 headaches.
  • Shargain were seriously looking for a solution that would transform their SOC 2 compliance journey, making it uncomplicated, fast and centralized, ensuring they meet the stringent SOC 2 standards efficiently and wiping out the many ‘hassles’ of SOC 2.

THE SOLUTION

  • Scytale provided Sharegain a single destination to organize and track all SOC 2 requirements (like checking if all employees signed the Access Control Policy), while monitoring their controls 24/7.
  • Sharegain received a list of SOC 2 controls customized to their business operations, implemented any necessary policies with Scytale’s Policy Builder and remediated any gaps identified in the automated risk assessment. .
  • Sharegain received dedicated support from Scytale’s industry experts, guiding them on each control at a time and how to navigate around the platform and monitoring real-time statuses.
  • Scytale saved Sharegain from all the back-and-forth internal emails and Zoom meetings with auditors, freeing up hundreds of hours for their team to focus on their actual roles while Scytale took care of everything SOC 2.

KEY TAKEAWAYS

  • Scytale’s automation platform and compliance team cut Sharegain’s SOC 2 hours and workloads up to 80%, than if they had to do it alone or without automation. This means that Sharegain were able to allocate their internal resources to other initiatives and not dedicate their efforts solely on SOC 2.

End results

  • What happened since getting SOC 2 compliant? The team were proud to add their SOC 2 compliance to Marketing and Sales collateral, as well as communicating it to their existing prospects, clients and contacts. Having a SOC 2 report will undoubtedly provide an important additional proof point for future prospects and clients as well.

WANT TO AUTOMATE YOUR COMPLIANCE?

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