Uncompromising Security Standards
Data security and privacy are the cornerstones of the BankFabric system design. Developed by banking experts, BankFabric meets SOC 2 Type II standards, as evidenced by audits we conduct annually. We also employ a third-party service to perform PEN testing annually to ensure BankFabric keeps all data, sensitive account info, and financial information safe, even under direct attack. All communication is encrypted via SSL (TLS 1.2) and authenticated by Microsoft Identity servers, ensuring only appropriate access by authorized parties. Files are stored in Azure are encrypted, using server-side encryption (SSE).
Infrastructure: Azure Storage Means Maximum Security
BankFabric stores all data in Microsoft’s Azure Storage platform. Azure Storage has more security certifications than any other cloud provider.
Backups on Azure
BankFabric disk encryption uses FIPS 140-2 validated cryptographic module and uses an AES 256-bit cipher for the Azure storage encryption.
Azure Key Vaults
Sensitive bank connection information (all encryption keys, passwords, and secrets) is stored in Azure Key Vaults.
Customer Control
Geo-redundant locations and data replication configurations are controlled by your organization.
Secrets Automatically Swapped
Continuously, automatic swapping of secrets maintains source verification and eliminates vulnerabilities.
Account Security: Always Under Your Control
You maintain security standards and processes with your banks. Encryption keys and passwords for secure communication with your banks are maintained in BankFabric (masked) but stored in your Azure subscription in an Azure Key Vault.
Single Login
Login security is handled by the Microsoft Identity server and Microsoft Entra ID, with password requirements and multifactor authentication options that you set.
User Permissions
Administrators can issue specific permissions, with configurable granular security in some instances.
Multi-Level Checks
Only users authenticated through the Microsoft identity server can log in. Unauthorized attempts are logged and reported.
Explore the Platform
Learn more about the technical and functional aspects of BankFabric by reviewing our frequently asked questions.
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