NEW YORK, NEW YORK MAY 15, 2019
Innovest Systems, a leading provider of financial technology solutions, today announced that it has achieved Federal Risk and Authorization Management Program (FedRAMP) Authorization and is now listed in the FedRAMP Marketplace as an approved vendor to the federal government.
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. The FedRAMP assessment process is considered to be one of the most challenging and thorough security assessments in the marketplace today. As of the time of this release, Innovest is one of only 140 other firms to have achieved FedRAMP Authorization.
Joanne Smith, Innovest’s chief operating officer, said, “We are very proud to have achieved FedRAMP Authorization in under a year, a timeframe many believed to be unachievable. Innovest has always had a deep commitment to maintaining the highest levels of information security compliance and becoming FedRAMP Authorized is yet another step forward. We are eager to work with clients in this new market and pleased to continue to provide the highest levels of service and security.”
The FedRAMP process requires not only an intensive initial authorization review to be listed of their marketplace, but also requires continuous monitoring after an authorization has been approved. Innovest will maintain its FedRAMP status through its continual commitment to providing the most secure, feature-rich and compliant products on the market today.
ABOUT INNOVEST SYSTEMS
Innovest Systems, LLC is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest's solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $600 billion in assets under administration on its trust and wealth management platform servicing over three hundred global financial institutions.
The Innovest Trust & Wealth Management Solution provides a Software-as-a-Service (SaaS)-based principal and income accounting, investment management and reporting system for institutions that need to control, account for and report on assets held in trust, wealth and retirement accounts. The Trust & Wealth Management Solution is comprised of the InnoTrust and InnoVue offerings from Innovest. InnoTrust is browser-based and is the core application deployed by Innovest to support the accounting and reporting needs of banks, trust companies, wealth management firms, retirement plan administrators and custodians. InnoTrust is also webservices/API enabled to more readily integrate with internal programs and third-party applications. InnoVue is browser-based and provides access for end clients to view account information anytime, anywhere.