ClassWallet Achieves SOC 2® Type 2 Certification, Strengthening Trust in Data Security and Compliance
At ClassWallet, safeguarding the integrity of public funds isn’t just a goal — it’s a responsibility. That’s why we’re proud to announce that ClassWallet has successfully completed the SOC 2® Type 2 audit, a rigorous, independent assessment that validates the strength of our internal controls related to security, availability, processing integrity, confidentiality, and privacy.
This milestone underscores our unwavering commitment to maintaining a secure, transparent, and compliant environment for the state and local government agencies that trust us to help manage billions in public dollars.
What Is SOC 2 Type 2 and Why It Matters
SOC 2 is an industry-recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A Type 2 certification goes beyond a snapshot in time—it assesses how effectively a company’s controls perform over an extended period.
For public sector leaders, this means ClassWallet doesn’t just have the right policies on paper. We’ve proven, through real-world audits, that we consistently uphold a high standard for securing sensitive data and delivering reliable, auditable results.
What This Means for Our Public Program Partners
Our SOC 2 Type 2 certification provides more than compliance — it delivers confidence.
Why ClassWallet Stands Out in Digital Wallet Solutions:
- Stay Audit-ready: With a complete digital record of every transaction, ClassWallet helps agencies prepare for audits around public fund distribution with less stress and hassle.
- Minimized risk: AWith robust endpoint security, role-based access controls, and continuous monitoring, your data is protected from malicious actors and unauthorized access.
- Compliance built-in: Our infrastructure supports a culture of accountability, helping you align with frameworks like NIST, FedRAMP, and GovRamp (StateRAMP).
Whether you’re distributing education funding, managing emergency grants, or overseeing voucher programs, you can trust that your data, and your constituents’ data, is being handled with a high level of care and integrity.
Raising the Bar for Public Sector Security
ClassWallet’s SOC 2 Type 2 certification reflects our proactive approach to helping agencies streamline operations, reduce manual work, and remain fully compliant—without sacrificing efficiency or control.
- Learn more about how public sector agencies can stay audit-ready
- Explore why compliance and transparency are more than checkboxes—they’re good business
Ready to Trust Your Fund Management?
Whether you’re looking to simplify audits, reduce paperwork, or enhance compliance, ClassWallet is your partner in secure, digital fund distribution. Schedule a demo to learn more about how our SOC 2 Type 2-certified platform can help you meet the moment with confidence.