Fidelity bank receives CBN certification

Fidelity Bank Plc has received the International Security Organisation (ISO) certification 22301 from the British Standard Institute (BSI) as recommended by the Central Bank of Nigeria in readiness for the unexpected.

ISO 22301:2012 specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise.

The requirements specified in ISO 22301:2012 are generic and intended to be applicable to all organisations or parts thereof, regardless of type, size and nature of the organisation. The extent of application of these requirements depends on the organisation’s operating environment and complexity.

Speaking at the presentation, the Managing Director of Digital Jewel, Doyin Odunfa, the information value chain consulting and capacity building firm which partnered Fidelity Bank to strengthen its IT governance, risk and compliance systems through the implementation of global best practice standards, said, “We have tested critical process to ensure resilience against unforeseen natural and unnatural disasters like cyber-attack, insurgency, et cetera.”

The Managing Director of Fidelity Bank, Nnamdi Okonkwo, said, “We have said we will focus on digitisation as an enabler to deliver service to our customers. So to have complied with this requirement 13 months ahead of the deadline speaks of our commitment to keep an eye on the moving part.”

The Director, Banking Supervision of the CBN, Mr. Dipo Fatokun, who was represented by a Deputy Director, Y. M Bature, urged the management of the bank to work towards sustaining the fit and strive towards attaining other leading heights in the industry.