SAN ANTONIO – Credit unions outsourcing functions such as insurance and mortgage lending want assurance that vendors are handling their member data efficiently and with every conceivable security precaution. To that end, Southwest Business Corporation has taken steps to bolster the security and reliability of its technology systems.
SWBC provides a wide range of insurance, mortgage, and investment services. The majority of SWBC's services are focused toward reducing risk, enhancing products, and improving profitability for credit unions.
SWBC recently received the American Institute of Certified Public Accountants' SAS 70 (Statement of Auditing Standards No. 70) Level II certification, following a high-level audit of the company's Information Technology department and its collateral protection and mortgage insurance products. SAS 70 certified data centers have to maintain prescribed levels of information security and redundancy, as well as personnel controls. Requirements include reporting on database access, data transmissions, data backup and recovery, application security and product development.
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