Moneytree, a leading provider of open banking and data management services to financial enterprises, has been accredited with the International Organisation for Standardisation (ISO) certificate ISO/IEC 27001 for both its Moneytree app and data aggregation platform Moneytree Link in Australia and Japan.
The certificate provides requirements for Information Security Management System (ISMS) and is accepted as the information security global standard, managed by ISO.
Using ISMS enables organisations of any kind to manage the security of assets such as financial information, employee details or information trusted by third parties.
Accredited parties must demonstrate the required practices to receive their certification. These include implementing, maintaining, monitoring and improving of ISMS with proper risk assessment and controls of each entity’s characteristics.
Mr Ross Sharrott, Chief Technology Officer, and Executive Director, Australia,Moneytree said: “Being internationally accredited and recognised is a great success for the business. At Moneytree we take information security seriously and we are committed to meeting the highest industry standards of confidentiality, integrity and availability.”
Mr Akihiro Umegai, Chief Information Security Officer at Moneytree, said: “This is a great achievement – being certified means Moneytree has the capability to continuously improve our security systems through ISMS and adapt to modern technology changes enhancing our practical security management.”
Moneytree has been a leader in the early development of open banking in Japan and Australia. In June, Moneytree successfully switched 1.7m consumers in Japan from screen-scraping to APIs on behalf of 60+ data recipients.
Moneytree is a fintech company founded in 2012 in Japan and started providing Moneytree, a personal financial management service which enables people to manage financial assets in a single place since 2013, contributing to better management of their personal finances, and helping to maintain financial wellbeing. In 2015, Moneytree launched Moneytree LINK, the financial data platform for businesses, and it has been recognized as the standard API in financial and accounting industries. Moneytree received investments by Salesforce.com, the venture capital arms of all three Japanese mega banks, SBI Investment, the venture capital arms of regional financial institutions and major international investment companies. Moneytree’s goal is to build a most trusted data platform.
Moneytree LINK is a data aggregation and portability platform for financial institutions. Moneytree LINK has more than 60 enterprise partners in Japan, including the Japanese megabanks and many of the top-rated regional banks, as well as the leading accounting service providers. In Australia, Salesforce and Rollit Wealth are Moneytree LINK’s first enterprise partners, with more to follow, helping Australian financial institutions prepare for the introduction of Open Banking with its strategic enterprise-wide Open Banking solution.
Moneytree Financial Technology Pty Ltd
CEO Paul Chapman
Capital: 2.56 Billion Yen including capital reserve as of April 2020
Founded: April 23, 2012
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