OnRamp, a U.S. hosting provider with data center facilities in Texas and North Carolina, has announced that Akimbo Financial, Inc. has chosen OnRamp’s private cloud solutions, which are hosted on dedicated equipment to ensure the privacy and security of financial data, thereby enabling Akimbo to maintain a highly available and highly secure environment to run the company’s IT operations.
Akimbo is a consumer financial services company that provides a unique, social bank account and debit card alternative as a direct-to-consumer product. After receiving an initial round of seed funding to being their startup, Akimbo began searching for a data center services provider with a background in assisting financial industry clients with the compliance requirements under the Sarbanes Oxley Act of 2002 and the Payment Card Industry Data Security Standard (PCI DSS).
HIPAA, PCI, SOX, FISMA
“In order for our company to interact with banking institutions and credit unions, we are obligated to demonstrate, through the creation of policies, that the IT environment we utilize upholds industry standards for privacy, security and data integrity,” said Akimbo Founder and CEO, Houston Frost. “Attempting to accomplish this critical aspect of our business in a public cloud environment would be very difficult. Whereas in a private cloud, we are knowledgeable of every critical component in our IT system and can clearly define this to governing bodies and potential banking customers.”
OnRamp specializes in working with companies to ensure compliance in the healthcare, financial services and other industries with high security needs, helping them meet the rigorous compliance requirements associated with HIPAA, PCI, SOX, FISMA and FERPA.
“OnRamp’s consultative approach to understanding our IT needs and security concerns, enabled us to create a foundation for our compliance with payment card and financial industry standards that speaks to all aspects of our efforts to keep our data secure,” added Frost.