Stanbic IBTC Bank Gets ISO 27001 Certification on Information Security

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has received the ISO/IEC 27001 Certification.

The bank, in a statement, said the certification followed an extensive and painstaking standardisation process on information security by it.

The ISO/IEC 27001 is an internationally recognised best practice framework for an information security management system, which helps businesses to identify risks to important information while putting in place the appropriate controls to help reduce such risks.

Strategic Delivery Director at British Standards Institution (BSI), Mr. Pietro Foschi, affirmed that Stanbic IBTC Bank complied with the requirements of ISO/IEC 27001 certification, which entails development, operations and maintenance of the processes related to services provided and managed by the bank’s  information communication  Technology (ICT) Department.

BSI is a multinational business services provider whose principal activity is the production of standards and the supply of standards-related services.

Chief Executive Officer, Stanbic IBTC Bank, Mr. Yinka Sanni, commended the bank’s team for making the certification possible. He noted that the award is in recognition of the pivotal role of information security management to growth and innovation, which is in turn dependent on having a secure and robust platform that enhances efficiency in service delivery and customer satisfaction.

“We are delighted about the ISO/IEC 27001 certification. We appreciate it as yet another demonstration of our drive to improve service delivery across various channels. Stanbic IBTC will continue to deliver exceptional performances across all segments of the business," he said.

Among the benefits of the ISO/IEC 27001 certification include identifying risks and putting controls in place to manage or reduce the risks; flexibility in adapting controls to all or selected areas of the business; gaining stakeholder and customer trust via data protection; and demonstrating compliance and gaining status as a preferred institution.

Stanbic IBTC Bank is a subsidiary of Stanbic IBTC Holdings Plc, a full financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets and earnings. The group's strategy is to build the leading African-focused financial services organisation using all its competitive advantages to the full. It focuses on delivering superior sustainable shareholder value by serving the needs of customers through first-class, on-the-ground operations in chosen countries in Africa.