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News release
Thursday, 30 July, 2020

SEBA Bank AG successfully undergoes independent Assurance Engagement that concluded with two ISAE 3402 Reports

Zug, 30 July 2020 – SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announces that its institutional-grade solution for digital custody has successfully completed independent audits in relation with the implemented processes and controls. The audit concluded with the following two ISAE 3402 reports:

ISAE 3402 Type 1: The primary objective of the suitability assessment is confirming to SEBA and its clients that SEBA´s key management and transaction controls are designed effectively and implemented

ISAE 3402 Type 2: The report confirms the operating effectiveness of controls in relation with digital custody services.

The ISAE Certificate is an international assurance standard for documenting that a service organisation has adequate internal controls; it includes controls for business, operational and IT processes, and information security. A yearly ISAE 3402 report is produced and audited, and the controls are applied to SEBA Bank’s internal processes.



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