Nelnet Diversified Services Ma – GuruFocus.com

LINCOLN, Nebraska, December 8, 2021

LINCOLN, Sky, December 8, 2021 / PRNewswire / – Nelnet Diversified Services (NDS), an experienced and trusted partner offering first-class professional services and flexible, innovative technology solutions, announced today that it has passed System and Organizational Control (SOC) 2SM audited by an independent auditor BARR Advisory, PA. The resulting report confirms that NDS provided effective control over security, availability, and processing integrity on its Velocity ™ system.

NDS has developed Velocity as a next-generation loan processing and service platform to meet the rapidly changing needs of the financial services industry and its customers. This modern, secure and flexible technology platform is built on microservices, API-first design, and a cloud infrastructure designed to put customers and customers first, prioritizing flexibility and customer experience.

In response to growing pressure to mitigate the risk associated with financial auditing and control, financial services providers are demanding that providers such as NDS prove their compliance status and receive independent confirmation that they have effective security controls. A SOC 2SM The report is designed to provide confidence in the effectiveness of controls related to the safety, availability and integrity of processing.

“Nelnet is committed to providing its customers with a high quality, safe experience – and this achievement exemplifies this commitment,” said Brent Fawcett, Managing Director of Consumer Services Technology. “Velocity was designed to provide our clients with a flexible and modern loan disbursement and servicing solution that allows them to compete and thrive in the digital age. Our SOC 2SM The report reaffirms Velocity’s industry-leading privacy, confidentiality, processing integrity, availability and security capabilities. ”

Current and potential customers interested in a copy of our SOC 2SM or SOC 1® reports can contact our customer service at 877.303.0533 or [email protected]

About the various Nelnet and Nelnet services: A diversified company headquartered in Lincoln, Nebraska, Nelnet, Inc. (NYSE: NNI) is a technology company, idea incubator, startup accelerator, and education expert. For over 40 years, Nelnet has brought together great people, efficient processes and reliable technology to serve our customers and make dreams come true.

Nelnet’s largest operating segment, Nelnet Diversified Services, provides cutting edge technology and intuitive services to all types of customers – banks and credit unions, online lenders, fintechs, government agencies and nonprofits – giving them freedom, flexibility and confidence. … serve their customers.

About BARR Advisory: BARR Advisory is a cloud-based security and compliance solutions provider specializing in cybersecurity and compliance consulting for Software as a Service (SaaS) companies. As a trusted advisor to some of the fastest growing cloud organizations around the world, BARR makes it easy to meet a variety of regulatory and customer requirements in highly regulated industries, including technology, financial services, healthcare and government.

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