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16 September 2024

Software Escrow for the Australian Financial Sector

Secure your critical applications with a software escrow solution                       From Financial Sector Escrow experts, Escode

 

As the global leader in Software Escrow, Escode is committed to ensuring your critical software applications and source code remain safe, secure, and always available. With a deep understanding of the financial sector's unique requirements, our Sydney office offers personalised support to help protect your critical software assets.

What is Software Escrow?

Software Escrow Agreement protects your business-critical systems and intellectual property, offering peace of mind in the face of potential software disruption like the bankruptcy of the software provider. As an independent, third-party escrow agent, we provide a secure repository and establish clear release terms, detailing the conditions under which the technology would be shared with the end user.

It works as a simple and effective arrangement with mutually agreed terms between the software customer, software supplier, and Escode, specifically designed to mitigate risk and protect the interests of all parties involved. By placing technology into escrow, the provider retains IP rights while ensuring the user has access to the software source code or other technology if needed.

Why Choose Escode?

Our core mission is to protect businesses from unforeseen disruptions, ensuring that your software investments are secure, accessible, and reliable at all times. We serve as a trusted intermediary to some of the world’s leading brands, including major financial institutions and global enterprises. With 40 years of experience, we serve 16,000 customers across 135 countries. Our tailored software escrow solutions are supported by a team of dedicated in-house legal and technical experts.

Global Expertise, Local Presence

Our Sydney office combines global resources with local expertise. We understand the importance of a partner who is both globally connected and locally accessible. With comprehensive knowledge of both global and Australian financial regulations, we’re well-equipped to help you navigate complex compliance challenges.

Meet Us at Intersekt Festival 2024

We’re excited to attend the Intersekt Festival 2024 in Melbourne on 18-19 September. This event is a fantastic opportunity to explore how our software escrow services can help financial institutions and software providers comply with regulations, such as the upcoming APRA Prudential Standard CPS 230. We look forward to connecting with Australian fintechs and financial institutions at the event.

 


Ensuring Operational Resilience

As the only software escrow company offering a full range of tailored solutions, we provide peace of mind to vendors and licensees alike. From on-premise environments to SaaS applications, our escrow services are designed to protect your investments and ensure operational resilience. Our services include automated depositing, source code verifications, and 24/7 security monitoring, ensuring that your software assets are always secure.

 

Get in Touch

Learn how Escode can protect your critical software assets. Whether you want to discuss specific escrow needs or explore how we can support you in navigating the evolving regulatory landscape, our team is here to help.

We offer flexible options for face-to-face or virtual meetings.

Fill in the form below to contact the team
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