Top 10 Promising Banking Technology
The proliferation of technology has revolutionized the banking and finance industry. With constantly evolving technology, it is crucial for banks to stay ahead of the curve when it comes to utilizing cutting edge technology and tools to provide superior customer experience while elevating risk management to the highest operational monitoring standard. CIO Review has recognized the top 10 most promising banking technology providers of 2021. These technology vendors represent an innovative solution for making banking operations more efficient at the enterprise level while providing smarter customer experiences.
ISO Quality Management System (QMS)
The International Organization for Standardization (ISO) is a globally recognized body for the quality management standard and offers guidelines to ensure an efficient quality management system (QMS). Adopting these standards can help businesses meet their customer needs while also offering continual improvements. The standards are a set of principles and tools that ensure all aspects of businesses are motivated towards achieving the highest quality of products with regular reviews and improvements.
The ISO’s QMS covers all areas of quality management, from monitoring the production process and service delivery to customer support. With the ISO QMS as a cornerstone of operations, organizations can be sure that their products meet customer requirements and safety regulations while also utilizing current technological advancements in the business process. The standard also requires organizations to be proactive in their approach, setting up departments to analyze customer feedback and look for constant improvements in products and services.
ISO/IEC 27001:2013 Information Security Management System
The ISO/IEC 27001 is the international standard for information security management systems that helps organizations protect their data and other forms of information against malicious cyber-attacks. It is designed to help organizations combine their information security strategies and compliance with the highest standards.
This standard also requires organizations to be mindful of many aspects of their information security system, such as access control, physical security, user rights management, and monitoring of security incidents. These processes are implemented to ensure organizations have the right processes and controls in place to protect information from unauthorized access, misuse, corruption, and destruction.
By following the standard, organizations can ensure their IT environment is well-managed and secure while also meeting customer and legal requirements. Additionally, with proper implementation, organizations can protect their information and data from cyber-attacks, limit downtime, and improve their competitive advantage.
