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Lextech achieved the ISO 27001 recertification for its national mortgage settlement platform.
The internationally recognised standard is awarded to information security management systems, which meet requirements for establishing, implementing, maintaining, and continually improving risk and compliance.
Lextech’s loan processing platform is used by over a third of Aussie lenders and is responsible for billions of dollars of property transactions per year.
A variety of features have helped keep Lextech’s platform secure, such as multifactor authentication, encrypted communications, secure mortgage document sharing, digital signing, and real-time identity verification services.
Peter Maloney, CEO of Lextech, said security is “built into every layer of our platform”, and the company goes above and beyond what is required.
“ISO 27001 accreditation is just one element of Lextech’s broader secure by design strategy,” said Maloney.
“We’re actively enabling secure interactions between lenders, brokers, borrowers and legal professionals.”
Australia has strict requirements for those operating in the financial services sector.
Lextech underwent an external audit, which confirmed it continued to meet the requirements necessary for the ISO 27001 accreditation.
With the loan journey becoming more and more digitised by the year, these accreditations are as important as ever to protect consumer data.
This news comes after the April announcement that Lextech was strengthening its C-suite with fresh appointments.
Maloney stepped into the role of CEO. Prior to this role, he was CEO and managing director of GlobalX and managing director of Dye and Durham Australia.
Rafe Berding joined the company as chief growth officer, with prior experience in legal, banking, conveyancing, and government.
Jason Popkowski also joined as the head of sales, formerly general manager of financial services at Dye and Durham, client service manager at the NSW Land Registry Service, and head of sales for eBay.
These appointments were in the name of spurring growth and innovation at the Purcell Partners-created, owned, and backed company.
Purcell Partners founder and director Simon Purcell said bringing in Maloney as CEO was aimed at driving a tech-driven, compliant, and efficient company.
“Peter’s expertise in harnessing technology to drive efficiency, accuracy, and security within the mortgage and legal ecosystems will further strengthen our commitment to delivering seamless transactions and rigorous due diligence,” said Purcell.
“His strategic vision will shape Lextech’s future, driving innovation and efficiency to deliver unmatched value for our customers, Australia’s lenders and indeed property owners.”
[Related: Lextech leadership changes to spur ‘growth and innovation’]
