FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Inovatec Receives ISO 27001 Information Security Certification

December 08, 2022, 07:00 AM
By
Topic: Industry News

Inovatec Systems, a provider of cloud-based software solutions for lenders, announced its cloud lending platform has obtained ISO 27001 certification of its information management system, ensuring that all data privacy and information security activities comply with strict ISO 27001 mandates. The certification was conducted by Schellman Compliance LLC, an ANAB and UKAS accredited certification body based in the United States.

ISO 27001 is a globally recognized standard for the establishment and certification of an information security management system (ISMS). The standard specifies the requirements for establishing, implementing, operating, monitoring, reviewing, maintaining, and improving a documented ISMS within the context of the organization’s overall business risks. It sets forth a risk-based approach that focuses on adequate and proportionate security controls that protect information assets and give confidence to interested parties.

“Achieving ISO 27001 certification involves a rigorous methodology that includes the thorough testing and validation of all the technologies and workflows associated with the management, transport, and storage of sensitive personal information and financial data,” said Danijela Kovacevic, Inovatec’s Chief Operating Officer. “Our clients can be confident that Inovatec’s information security practices are well-suited to satisfying their sophisticated needs.”

Inovatec’s cloud-based technology enables lenders to streamline loan processing, decisioning, and management with intelligent automation that can be configured to meet lenders’ needs. The company’s systems allow lenders to adjust workflows as needed, helping them to grow their business in a competitive industry, without compromising on data security, privacy, and regulatory compliance.

Inovatec Integrates with Clik2pay to Enhance Debt Collection Capability

Clik2pay announced a collaboration with Inovatec. This collaboration will make it possible for Inovatec’s clients to request payment from customers using Clik2pay’s direct-from-account payment platform. This is done safely and securely using Interac e-Transfer.

By integrating Clik2pay into the Inovatec platform, lenders will be able to send emails to collect payments directly from their customers’ bank accounts and have those payments automatically reconcile on the Inovatec platform. For agent-assisted collections, lenders can text the customer a payment link and get real-time notification of payment completion before the borrower hangs up the phone. All with absolutely no chargebacks.

“Clik2pay is always looking for ways to make the payments process simpler,” said David Robinson, Chief Commercial Officer of Clik2pay. “Allowing borrowers to make payment directly from their bank account in real-time through an email or text makes paying incredibly easy for the customer and allows for more efficient collections and payment reconciliation by lenders.”

“We are genuinely excited about this integration,” said Bob Metodiev, Head of Business Development at Inovatec Systems. “Our lending customers can improve their collections processes by requesting payments by email, all while lowering their overall costs, automating reconciliation, and enhancing the borrower’s experience. This saves our customers time and money which is something we could all use more of.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.