DELRAY BEACH, Fla., Jan. 31, 2019 /PRNewswire/ -- DRB Financial Solutions, LLC today announced its subsidiary, DRB Capital, LLC ("DRB") has completed SOC 1 Type 1 examination by its service auditor, in accordance with the attestation standards of the American Institute of Certified Public Accountants (AICPA). Achieving SOC 1 Type 1 certification demonstrates DRB's commitment to data security, privacy, and compliance controls. The independent certified public accounting (CPA) firm, Richey May & Co conducted the examination and issued the report.
An internationally recognized auditing standard developed by AICPA, the SOC 1 is an independent and rigorous evaluation of internal controls related to financial reporting, policies, and procedures. DRB's SOC 1 report achievement demonstrates DRB's ongoing commitment to its clients & investors to serve as a dependable & reliable Servicer focused on minimizing risk, adding value, and maintaining a high level of service.
"This independent audit and SOC 1 certification is a manifestation of our ongoing commitment to reliable financial reporting. Our partners can continue to trust that we hold ourselves to the highest standards for clear and compliant processes," said Steve Bashmakov, Chief Financial Officer at DRB Financial.
For more information about the American Institute of Certified Public Accountants, and its System and Organization Controls for Service Organization reports, visit: www.aicpa.org
About DRB Capital, LLC: DRB Capital, LLC ("DRB" or the "Company") is a wholly owned subsidiary of DRB Financial Solutions, LLC. DRB is one of the most trusted annuity buyers in America and is a national specialty servicing company. The Company's primary focus is to provide asset management and high touch servicing for investors in specialty finance space. DRB services various asset classes on behalf of commercial banks, hedge funds, private equity firms as well as servicing private placement deals. DRB was founded on the principle that a combination of technology, deep industry experience, collection accuracy and a contrarian view of servicing can make a significant difference in the quality of services provided to institutional lenders and investors. Servicing solutions include asset and esoteric asset due diligence, servicing, data analytics, and reporting, as well as capital markets expertise. DRB is currently servicing in excess of 50,000 units. www.drbcapital.com
SOURCE DRB Capital