Finvi Obtains FedRAMP Authorization for Payment Processing Solution

Finvi has attained moderate-level authorization to operate under the Federal Risk and Authorization Management Program, an effort to establish a common security and risk assessment framework for cloud-based technologies used by federal agencies.

An ATO is achieved by having cloud service providers such as Finvi work with partner government agencies to comply with certain requirements. Such agencies are tasked with evaluating the security of the provider’s offering.

According to a Wednesday press release issued by Finvi, the FedRAMP authorization enables business expansion beyond state and local government customers.

Finvi, which maintains offices in Massachusetts and other U.S. locations, offers enterprise workflow automation software solutions meant to streamline payment processing and revenue recovery for the public sector, banks and health care organizations. Specific use cases include debt collection, reporting, customer service and software development, Finvi said.

Amazon Web Services GovCloud will host the company’s software-as-a-service solution. Finvi will be known on the FedRAMP Marketplace as Ontario Cloud Federal.

Similar applications that have received FedRAMP authorization include Flow, a low-code workflow automation service developed by Boomi. The status was granted by the U.S. Agency for International Development in August 2022 and is set to last for three years.

Users are expected to access Flow’s automation, cross-system data connection and software development capabilities through the Boomi AtomSphere platform, which is already accessible through the FedRAMP Marketplace.