BOSTON--(BUSINESS WIRE)--Aug. 16, 2017-- Gradifi, a leader in the administration of student loan repayment benefits, today announced it has achieved ISO 27001 certification. ISO 27001 is one of the most widely-recognized information security management system standards. This achievement demonstrates Gradifi’s commitment to implementing proper data and information controls.
A-Lign, an ISO/IEC 27001 certification body accredited by the ANSI-ASQ National Accreditation Board (ANAB), found Gradifi to have implemented security measures and countermeasures that protect it from unauthorized access or compromise, with zero non-conformities. Coupled with the backing of its parent company, First Republic Bank, and the endorsement of the American Bankers Association through the Corporation for American Banking, Gradifi’s ISO 27001 certification further positions the student loan repayment platform as the industry leader in security, scalability and financial stability.
“The ISO 27001 certification reinforces our endorsement of Gradifi’s SLP Plan benefit,” said ABA President and CEO Rob Nichols. “Cybersecurity is crucial to all of our member banks, and we are pleased to see Gradifi continue to find ways to improve its platform and provide its customers with top-notch, secure services.”
“Providing a best-in-class solution for protecting customer data has always been a paramount objective at Gradifi,” said Joe Finsterwald, CTO, Gradifi. “Having zero nonconformities in our audit prior to ISO 27001 certification proves our strong commitment to our customers’ critical personal data. It also demonstrates the superior quality of our platform.”
Gradifi’s SLP Plan™ benefit enables employers to make a monthly contribution to pay down an employee’s debt. For an employee with a loan balance of $26,500, a $100 per month employer contribution would save over $10,000 in principal and interest, a 30% reduction in total payments. The loan would be paid off three years faster.
Gradifi is a best-in-class, student loan repayment solution tackling the nation's $1.3 trillion student loan problem. Gradifi helps organizations attract and retain talent by enabling employers to make direct contributions to their employees’ student loans and accelerate the pay-off of the debt. A wholly owned subsidiary of First Republic Bank (NYSE:FRC), Boston-based Gradifi offers the SLP Plan™ (Student Loan Paydown) benefit to employers of all sizes and is endorsed by the American Bankers Association through its Corporation for American Banking subsidiary. To learn more, visit http://www.gradifi.com/ or twitter.com/gradifi.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170816005205/en/
Elizabeth Yekhtikian, 617-686-9541