Confirmation Requests

The global finance system is undergoing a systematic transformation driven by the requirement to modernise and generate efficiencies.

Automation, Open Banking and APIs will completely remove manual processing for providers and auditors. Allowing all parties shift time to securing the value and integrity of businesses in a sustainable financial ecosystem.

A Single Automated Approach

Independent Verified Data Network

Certificate of Completion

CR Report

Value Created

0

Hours Saved*

Per audit client

0

Time Saved*

When rolling forward into year two

0

Days

Improvement in turnaround time

*Based on the average audit client holding accounts with three third-party providers and the request process being paper and email based.

The Future of Confirmations

From an inefficient and unsecure process

To a digital, streamlined & verifiable network

You & Your Clients' Experience

Standardising and streamlining the interactions between auditor, client and provider leads to an efficient and friendly experience. Circit has focused on simplicity and visibility at all stages.

Standardised process for your team and clients to generate efficiencies, removing the risk of errors or missing information.

An Efficient Audit

A single confirmations approach creates an efficient process resulting in the ability to track progress and report in real-time. Streamline your resource requirements and provide an end to end tool that provides confidence, visibility and accountability.

Designed with features & functionality for firm-wide management on a central audit support team. Identify delays across your portfolio and share reports internally.

Software Designed for Auditors

With years of client facing audit experience, Circit's platform has been designed by auditors for auditors.

Lessons learnt from engagements in the field have been applied to the product design, and a continuous feedback loop with customers results in new features are added for users of the platform on a weekly basis.

Strong validation procedures are built-in to ensure requests are processed accurately from an independent evidence provider.

Security & Compliance at the Core

Encryption & Audit Trail

All data in transit is protected using TLS (Transport Layer Security) and the Circit application can only be accessed over HTTPs.

All data at rest utilises 256-bit AES encryption of data using keys stored within the Azure Key Vault which makes use of Hardware Security Modules (HSMs) to safeguard the cryptographic keys and prevent tampering. Documents created by the Circit application include a comprehensive and immutable audit trail between all parties that includes a timestamp, IP address and end-user information. This ensures that documents cannot be tampered with and are permissible in court.

Infrastructure and Backups

Circit uses multiple data centres with reliable power sources and backup systems with 99.9% SLAs and geo-redundancy. Physical servers are located in Dublin, Ireland and failover servers are located in the Netherlands. A full backup of the system is taken every night with transaction log backups taken every fifteen minutes.

Licenced & Certified

Circit is a registered Account Information Service Provider (AISP) under the European Union (Payment Services) Regulations 2018 [S.I. No. 6 of 2018]. Central Bank of Ireland Code - C176625