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Press Release

Akoya Completes the TruSight Risk Assessment to Expedite Data Security Reviews

BOSTON, August 2, 2021 - Akoya LLC has announced the satisfactory completion of TruSight’s comprehensive risk assessment. The assessment is available to financial institutions that are considering Akoya in order to provide application programming interface (API)-based data access to their customers for permissioned financial data sharing.

"Previously, financial institutions that wanted to integrate with Akoya had to conduct their own resource-intensive and time-consuming risk reviews. Now, with our assessment completed, those institutions can use it in place of that process and accelerate their connection to Akoya,” said Jonathan Pressman, CEO of TruSight. “The TruSight assessment more than satisfies the prescribed due diligence of data-sharing partners like Akoya, ensuring financial institutions have a more streamlined and cost-effective way to move their customers’ financial data sharing to API-based data aggregation."

The TruSight third-party risk assessment utility is backed by five of the largest global financial institutions and evaluates 27 diversified control domains across the information and cybersecurity, privacy, business resiliency, and other operational risk domains. Akoya will provide financial institutions the option of accepting the TruSight syndicated assessment in place of performing their own in-house assessment of Akoya.

"The TruSight assessment, coupled with our SOC 2 Type II certification, allows financial institutions to expedite due diligence and procurement processes by verifying that we maintain the highest level of data security and privacy,” said Wilson D’Souza, CTO of Akoya. “Using the TruSight assessment to vet Akoya will enable financial institutions to quickly offer their customers the ability to access their financial data in a safer and more transparent way."

Akoya was developed to eliminate the risks associated with credential-based data aggregation, commonly known as screen scraping, and transition financial services towards API-based data access. The independent company is backed by 12 North American financial institutions.


About Akoya

Akoya is changing the way consumer financial data is accessed and shared. Through a single integration on to the Akoya Data Access Network, data aggregators and fintechs can directly connect with financial institutions to securely obtain consumer-permissioned financial data through APIs. Akoya manages these relationships and serves as an interoperable solution that is available to the entire financial services industry. To learn more, please visit www.akoya.com or follow Akoya on LinkedIn and Twitter.

About TruSight

TruSight is the industry’s leading third-party risk management (TPRM) utility platform, facilitating efficient, cost-effective collection and consumption of accurate risk data. Developed and backed by five of the largest global financial institutions, including American Express, Bank of America, JPMorgan Chase, and Wells Fargo, the TruSight methodology standardizes the risk assessment process to deliver the highest quality data, enabling financial institutions to gain greater visibility into supply chain resilience.

svgImg Coronavirus Statement

Coronavirus Statement

Our highest priority at TruSight Solutions is to maintain health and safety, and we are closely monitoring the global situation regarding the spread of coronavirus (COVID-19.) At the same time, we remain steadfast in our commitment to deliver assessment products of the highest quality for our customers and assessed parties. In light of these dual goals, this statement addresses precautions and strategies that TruSight is implementing with respect to on-site assessments and the assessors who conduct these facility visits.

Assessors who have been assigned to conduct on-site assessments have attested that they have not traveled in the past 30 days to a country with a Level 2 or Level 3 designation from the U.S. Centers for Disease Control and Prevention. (A Level 2 alert is for enhanced precautions, and a Level 3 warning is to avoid non-essential travel.)

Upon request, each individual assigned assessor will confirm this assurance in writing via email.

Any assessor currently conducting an assessment in an affected country is bound by the country’s domestic regulations and will remain in that country as long as required.

Assessors have been instructed to escalate any personal travel concerns to their manager. Individual concerns will be respected and assignments adjusted accordingly.

For reasons of health and safety, there could be a delay in conducting an assessment and/or delivering a product where a country is prohibiting travel or otherwise inhibiting movement that is necessary for such assessment. In this event, we will inform impacted vendors and customers as soon as we become aware of the situation. We may also propose performing a remote assessment in lieu of an on-site assessment and making adjustments accordingly.

As the coronavirus situation quickly evolves, TruSight is closely following developments from the World Health Organization, U.S. Centers for Disease Control and Prevention, and other domestic and international bodies. If you have questions or concerns, please reach out directly to your TruSight contacts.

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