Republic Bank attains ISO/IEC 27001 certification
Republic Bank Ghana Limited, a subsidiary of Republic Financial Holdings Limited of Trinidad and Tobago, has attained certification to ISO/IEC 27001:2013 Information Security Management Systems standard.
The ISO/IEC 27001:2013 certification is a further proof of the bank’s commitment and demonstrated ability to continuously align and improve its processes and controls to internationally recognised standards, to:
- Enhance information security governance and management
- Protect customer data, embed security awareness and management culture in its business operations
- Improve information security effectiveness and risk management
- Comply with national and international regulations
- Deliver quality products and services in an efficient, reliable and secure manner
The ISO/IEC 27001:2013 certification attained by the bank came after a rigorous independent assessment of people, processes and technology systems within its operating environment. Included in the scope of the assessment were the bank’s Lending Products, Deposit Taking, Transfers and Payments, Wealth Management and Business Advisory services.
Commenting on the feat attained by the bank, Managing Director of Republic Bank Ghana, Mr. Farid Antar, was praiseful of the Board, Executive Management, Operational Risk team and all staff for embracing and adopting requirements of the standards and new procedures since Republic Bank took management control in 2015.
“This certification proves that not only do we have robust management systems, but also secure information systems and processes complemented by skilled human resources to provide reliable banking solutions to our customers,” the Managing Director added.
The Managing Director also stated that attaining the certification signifies Republic Bank’s commitment to meeting requirements of Cyber & Information Security Directive by the Bank of Ghana, as well as complying with all local and international regulatory and compliance standards with a view to improving its operations and meeting customers’ changing needs.