Wilmington, DE (June 23, 2026) |
Quavo, Inc. ("Quavo"), the leading AI disputes technology partner and strategic advisor for financial institutions and technology companies, today announced the completion of its first System and Organization Controls (SOC) 1 Type 1 examination. The milestone builds on the company's existing SOC 2® Type 2 report and underscores Quavo's commitment to maintaining the robust controls, governance, and risk management that banks, credit unions, and fintechs rely on to support fraud and dispute operations.
SOC examinations are conducted by independent CPA firms to evaluate a service organization's internal controls. Quavo's SOC 1 report covers the Fraud Disputes Offerings System, spanning the full lifecycle of fraud and dispute operations across Quavo's client base, from onboarding and transaction processing through reporting, access controls, and ongoing system oversight. For financial institutions, the report serves as an important third-party risk management tool, helping satisfy audit, compliance, and vendor oversight requirements.
"Our clients chose Quavo because they trust us to handle some of the most sensitive and complex operations in their business," said Joseph McLean, Co-Founder & CEO of Quavo. "This examination is a signal to every bank, credit union, and technology company we work with that we hold ourselves to the same standards we ask of them."
Quavo's QFD® platform and Aria AI power end-to-end fraud and dispute management for some of the most forward-thinking financial institutions in the country. As those institutions grow and face heightened scrutiny from regulators and examiners, the controls governing the technology partners they rely on carry real weight.
"Auditors, compliance officers, and CFOs at financial institutions need more than a vendor's word that their house is in order," said Daniel Penne, Co-Founder & CFO of Quavo. "A SOC 1 report gives their teams something concrete to work with during vendor assessments, regulatory exams, and annual audits. It reduces the back-and-forth, shortens due diligence cycles, and gives the right people at our client organizations the documentation they need to move forward with confidence."
This examination was conducted as of March 31, 2026 by Baker Tilly. Quavo has plans to pursue a SOC 1 Type 2 report, which will evaluate the operating effectiveness of those controls over a defined period.