Precisa ISO 27001 and SOC 2 Type II Certified: What Does it Mean for Our Clients

Precisa is built and operated by Finezza Information Technologies Private Limited, which holds ISO/IEC 27001:2022 certification. Precisa has also undergone a SOC 2 Type II examination. If you’re mid-way through vendor due diligence and assessing the security of a financial data analysis platform, these provide independent evidence. This article explains what each covers and how to request the supporting documents.

Key Takeaways

• Finezza Information Technologies Private Limited, which builds and operates Precisa, holds ISO/IEC 27001:2022 certificate AMER30044. 
• Precisa has also undergone SOC 2 Type II examinations. 
• ISO 27001 covers the implementation and ongoing management of an information security management system. SOC 2 Type II examines specified controls and their operating effectiveness over a defined period.
• Under India’s IT Act, checking a vendor’s security practices isn’t optional for banks, NBFCs, or DSAs, though RBI’s outsourcing rules specifically exclude tools like Precisa from their heavier vendor due-diligence checklist.

What the ISO 27001 Certificate Covers

The certificate (number AMER30044) is issued by AMERICO Quality Standards Registech, a certification body accredited by the United Accreditation Foundation. It was issued on 25 July 2025, with a surveillance audit due 24 July 2026 and recertification due 24 July 2028, the standard three-year cycle for this standard.

The scope names the information security management system behind Precisa’s core functions directly: digital financial solutions for credit and lending, including loan origination, loan management, and financial transaction analysis for credit assessment. 

That’s not a generic “we take security seriously” scope. It’s the actual system that processes the bank statements, GST filings, and credit reports you’d be uploading.

One detail worth knowing if you’re the one checking: the certificate is issued to Finezza Information Technologies Private Limited, the company that builds and runs Precisa. If your due diligence process looks up the certificate by company name, that’s the name it’ll be under, not a separate “Precisa” entity. 

What SOC 2 Type II Adds

ISO 27001 certifies that an information security management system meets a defined standard. SOC 2 Type II is a different kind of assurance. It’s an independent auditor’s report on whether a set of specific controls actually operated effectively over a period of months, against the Trust Services Criteria included in the engagement, not just whether they were designed correctly on paper.

For a buyer, the practical difference is this: ISO 27001 tells you the system is built to a recognised standard. SOC 2 Type II tells you an auditor watched that system run for months and confirmed the controls held up. Together, they cover both design and sustained practice.

ISO 27001 vs SOC 2 Type II

Why This Matters For an NBFC, Bank, or DSA

The certification isn’t just Precisa’s box to tick. For organisation using or considering to use Precisa, reviewing the platform’s security assurance is part of assessing how customer financial data will be handled.

For banks and NBFCs specifically, part of this sits directly on your own regulatory desk, though not in the way you might expect: 

• Section 43A of India’s IT Act, 2000, requires organisations handling sensitive personal data to follow “reasonable security practices,” regardless of who they work with. 
• The 2011 SPDI Rules, under Rule 8, name a certified ISO 27001 implementation as one way to satisfy that requirement directly. Precisa’s certificate does that.
• RBI’s Master Direction on Outsourcing of Information Technology Services (2023) explicitly excludes fintech firms offering bank statement analysis and GST returns analysis, including tools like Precisa, from the definition of “Service Provider” that triggers its outsourcing due diligence and audit requirements. 
• The RBI (NBFC – Managing Risks in Outsourcing) Directions, 2025, which came into effect on 28 November 2025, carries the same exclusion for NBFCs. So a bank or NBFC using Precisa isn’t required to run it through the heavier IT-outsourcing checklist the way it would a core banking or cloud vendor. 

That doesn’t make the certification irrelevant. The IT Act’s data security requirements still apply either way, and most banks and NBFCs verify a vendor’s security posture as part of their own risk management, not only because a specific outsourcing rule demands it. If your compliance team needs to document that this check happened, the certificate is the answer to that requirement. 

The practices behind it back this up too: per-client data isolation and restricted database access, backed by regular independent penetration testing. Precisa’s Account Aggregator integration runs under the same controls, since consent-based data flows carry the same due diligence weight.

How to Request Precisa’s Security Documents

Precisa’s security and compliance page summarises its security practices and the supporting documents available on request.

To request the ISO 27001 certificate or SOC 2 Type II report, contact Precisa with details of your vendor security review. The team will confirm the request before sharing the documentation.

Frequently Asked Questions

1. What’s the difference between ISO 27001 and SOC 2? 

ISO 27001 is a certification against an international standard for how an information security management system should be designed and run. SOC 2 Type II is an auditor’s report confirming that a defined set of controls actually worked as intended over a period of months. Precisa holds both.

2. How often is the ISO 27001 certificate renewed? 

It runs on a three-year cycle with annual surveillance audits in between. Precisa’s certificate was issued in July 2025, with the next surveillance audit due in July 2026 and recertification due in 2028.

3. Can I get a copy of the SOC 2 report? 

Yes, on request. It’s shared directly rather than published on the website, which is standard practice given the level of internal detail it contains.

4. Does this certification also cover data privacy requirements under India’s DPDP Act? 

No. ISO 27001 and SOC 2 are security certifications. Consent, data retention, and deletion rights under the DPDP Act are covered separately in Precisa’s privacy policy.

5. Does RBI require banks and NBFCs to treat Precisa as an outsourced IT service provider?

No. RBI’s Master Direction on Outsourcing of Information Technology Services (2023) and the RBI (NBFC – Managing Risks in Outsourcing) Directions, 2025, both specifically exclude fintech firms offering bank statement analysis and GST returns analysis, such as Precisa, from the definition of “Service Provider” that triggers outsourcing due diligence. The IT Act’s data security requirements still apply regardless, which is what Precisa’s certifications speak to. 

Conclusion

Precisa’s ISO 27001 certificate is verifiable by certificate number, and the SOC 2 Type II report is available to anyone with a legitimate reason to see it. For a bank, NBFC, or DSA working through its own compliance checklist under the IT Act and RBI’s outsourcing rules, that’s the difference between a vendor that just claims security and one whose claims are independently verified. If your enterprise procurement process handles security reviews at scale, Precisa’s enterprise clients page covers how the same controls extend across multi-division deployments.

If your team is running vendor due diligence and needs something specific that isn’t covered here, reach out, and we’ll get you what you need.