IDS was named one of the top 100 financial technology providers in the world by IDC Financial Insights, ranking 69th on the 2021 IDC FinTech Rankings. The ranking recognizes the world’s leading hardware, software and service providers to the financial services industry.
IDS, a provider of enterprise solutions for secured finance, completed the migration of IDS ABL to IDScloud, a software-as-a-service-based solution for secured finance.
IDS, a provider of solutions for the secured finance industry, added four new customers during Q1/21, including two startup equipment finance operations; Metropolitan Capital, a bank expanding into asset-based lending; and a top five U.S. bank, which implemented IDS ABL.
IDS completed its annual System and Organization Controls audit and received validation reports for SOC 1 Type 2, SOC 2 Type 2 and SOC 3. A third party conducted the audit to demonstrate the ongoing effectiveness of security controls for IDS and IDScloud.