Cybersecurity and Compliance Services for Financial Services and Fintech

Enterprise and institutional clients in financial services increasingly treat security posture as a vendor qualification criterion, not just a checkbox. A SOC 2 Type II report, PCI DSS certification, and a demonstrable security program reduce procurement friction, support premium positioning, and signal operational maturity to partners and regulators. Trava helps financial services firms treat compliance as a growth enabler, not a cost center.

The FTC's updated GLBA Safeguards Rule requires financial institutions to implement a comprehensive information security program covering administrative, technical, and physical safeguards for customer financial data. It also requires a qualified individual to oversee the program and annual reporting to the board. Trava's vCISO and managed security services are designed to fulfill these requirements for organizations without a dedicated compliance function.

Most fintechs that handle payment card data need PCI DSS. Many enterprise and institutional partnerships also require SOC 2 as a separate condition of doing business. These frameworks have some overlap but address different compliance goals. Trava builds multi-framework programs that satisfy both requirements in an integrated engagement, reducing duplicated effort and total cost.

Card brands and acquiring banks can levy fines of $5,000 to $100,000 per month for non-compliant organizations. More consequentially, non-compliant organizations can lose the ability to process card payments entirely. Beyond direct penalties, a breach resulting from inadequate PCI controls creates significant legal liability and reputational damage. The cost of non-compliance consistently exceeds the cost of a properly managed compliance program.

It depends on your services and data types. Fintechs processing card payments require PCI DSS compliance. Companies serving institutional clients or enterprise partners commonly need SOC 2 Type II. GLBA applies to any financial institution that handles non-public consumer financial information. Organizations serving European customers must address GDPR. Trava helps financial services firms identify their full compliance portfolio and build an integrated program that satisfies all applicable requirements efficiently.