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ISO certification for IT and Fintech organizations

adminmerry 17 December 1 Comment

Financial technology and information technology focused organizations can deploy the use of ISO Standards as a framework for scaling their business and building a solid company culture of continual improvement. Some of the specific standards that can be effective for businesses around this space are the ISO/IEC 27001 Information Security and ISO/IEC 20000 IT Service Management System

 

The ISO/IEC 27001 Information Security Management Systems standard ensures IT organizations keep all their information assets secure, by building an information infrastructure against the risks of loss, damage or any other threat to their assets.

Companies that obtain the ISO/IEC 27001 certification validates that the security of financial information, intellectual property, employee details, or information entrusted from third parties are being successfully managed and continually improved according to best practice approaches and framework.

 

While the ISO/IEC 20000 is a Service Management Systems (SMS) standard which specifies requirements for the service provider to plan, establish, implement, operate, monitor, review, maintain and improve an IT Service Management System. This certification is highly beneficial to IT businesses as it validates that the company can continuously improve the delivery of their IT services and helps the company to have a reliable, effective, consistent and continually improved IT services.

 

The benefits of these standards to your customers are quite many as they help to keep intellectual property and valuable information of their customers secure. It also provides customers and stakeholders with confidence in how you manage and minimize your risk exposure and how secured the exchange of information in the organization is. It further helps cost savings for rework, damages and waste and increases credibility and trust. By ensuring that IT services are delivered on time with reduced IT related incidents and vulnerabilities, your customers will remain satisfied and referrals ready.

 

Implementing an ISO/IEC 20000 or 27001 certification in an IT or Fintech organization provides the business with a competitive advantage and provides top management with an efficient management process. It also;

• Reduces costs due to incident and threat minimization

• Demonstrates compliance with customer, regulatory and/or other requirements
• Sets out areas of responsibility across the organization
• Communicates a positive message to staff, customers, suppliers and stakeholders
• Integration between business operations and information security
• Provides an alignment of information security with the organization’s objectives
• Puts forward true value through enhancement of marketing opportunities
• Helps the improvement of response times with minimal disruptions to IT service
• Attain financial savings by efficiently managing costs
• Ensure continual improvement

Boosts awareness towards legislative and regulatory acquiescence as a compliant business.

Financial technology and information technology focused organizations can deploy the use of ISO Standards as a framework for scaling their business and building a solid company culture of continual improvement. Some of the specific standards that can be effective for businesses around this space are the ISO/IEC 27001 Information Security and ISO/IEC 20000 IT Service Management System

 

The ISO/IEC 27001 Information Security Management Systems standard ensures IT organizations keep all their information assets secure, by building an information infrastructure against the risks of loss, damage or any other threat to their assets.

Companies that obtain the ISO/IEC 27001 certification validates that the security of financial information, intellectual property, employee details, or information entrusted from third parties are being successfully managed and continually improved according to best practice approaches and framework.

 

While the ISO/IEC 20000 is a Service Management Systems (SMS) standard which specifies requirements for the service provider to plan, establish, implement, operate, monitor, review, maintain and improve an IT Service Management System. This certification is highly beneficial to IT businesses as it validates that the company can continuously improve the delivery of their IT services and helps the company to have a reliable, effective, consistent and continually improved IT services.

 

The benefits of these standards to your customers are quite many as they help to keep intellectual property and valuable information of their customers secure. It also provides customers and stakeholders with confidence in how you manage and minimize your risk exposure and how secured the exchange of information in the organization is. It further helps cost savings for rework, damages and waste and increases credibility and trust. By ensuring that IT services are delivered on time with reduced IT related incidents and vulnerabilities, your customers will remain satisfied and referrals ready.

 

Implementing an ISO/IEC 20000 or 27001 certification in an IT or Fintech organization provides the business with a competitive advantage and provides top management with an efficient management process. It also;

• Reduces costs due to incident and threat minimization

• Demonstrates compliance with customer, regulatory and/or other requirements
• Sets out areas of responsibility across the organization
• Communicates a positive message to staff, customers, suppliers and stakeholders
• Integration between business operations and information security
• Provides an alignment of information security with the organization’s objectives
• Puts forward true value through enhancement of marketing opportunities
• Helps the improvement of response times with minimal disruptions to IT service
• Attain financial savings by efficiently managing costs
• Ensure continual improvement

Boosts awareness towards legislative and regulatory acquiescence as a compliant business.