Saxo Bank Earns CSA STAR Level 2 Attestation

Saxo Bank, a provider of multi-asset trading and investment, announced  that it becomes the first licensed bank and financial institution in the world to receive the Cloud Security Alliance (CSA) Security, Trust & Assurance Registry (STAR) Level 2 Attestation and Trusted Cloud Provider accreditation. Saxo Bank believes this is a strong affirmation of its successful Investment Infrastructure and its commitment to holistic security.

As a milestone in the company’s technology transformation journey, the admission to the CSA and STAR Level 2 attestation means Saxo Bank qualifies for and adheres to the highest and most comprehensive principles in terms of transparency, privacy, security and harmonisation of standards across its IT systems, services and infrastructure that supports the business and different client segments from back-office systems to open APIs. It is set to further accelerate the bank’s growth as a capital markets solutions provider for partners looking to run their investment infrastructure as a Service.

Søren Kyhl, COO & Deputy CEO, commented: " We are proud to be the first bank to earn a CSA Star Level 2. This is an important acknowledgement of the strength, power and security of our business model which is built on digital first – and we are well into an ambitious journey to deliver all our digital services from the cloud, based on a micro services infrastructure providing us with the ability to launch new features much faster and more securely. The benefit is a shorter time to market, more robust infrastructure and much more agile, scalable and flexible platform."

“As the first bank with a CSA Star Level 2 and Trusted Cloud Provider accreditation, we continue to raise the bar in the financial industry in terms of transparency, trust and security – and this important attestation will further fuel our growth as we continue to service more clients and partners across global markets.”

The Security, Trust & Assurance Registry (STAR) Level 2 Attestation is a rigorous third-party independent assessment of the security of a cloud service provider.