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Banking & Finance

Introduction

The banking and finance sector is critical to the stability and growth of the global economy. This sector includes banks, insurance companies, investment firms, and other financial institutions. Ensuring the security, compliance, and efficiency of financial operations is essential. At QMet, we help financial organizations achieve and maintain compliance with industry-specific standards and frameworks, enhancing their operational integrity and customer trust. 

Standards and Frameworks Applicable

The banking and finance sector is governed by various standards and frameworks designed to enhance security, transparency, and operational efficiency. Key standards and frameworks include: 

ISO 20022

A universal financial industry message scheme that provides a common platform for the development of messages using a modeling methodology to capture financial business areas, business transactions, and associated message flows.

ISO 27001

Information Security Management System. Helps organizations manage the security of assets such as financial information, intellectual property, and employee details.

ISO 22301

Business Continuity Management System. Protects against, reduces the likelihood of, and ensures recovery from disruptive incidents.

ISO 31000:

Risk Management. Provides guidelines on managing risk faced by organizations.

Basel III

A global regulatory framework on bank capital adequacy, stress testing, and market liquidity risk.

PCI DSS (Payment Card Industry Data Security Standard)

A set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment.

ITIL (Information Technology Infrastructure Library)

A set of detailed practices for IT service management (ITSM) that focuses on aligning IT services with the needs of business.

CISA Guidelines

Cybersecurity and Infrastructure Security Agency guidelines for securing financial institutions.

NIST Cybersecurity Framework

Provides guidelines for improving the cybersecurity of financial institutions.

GRI Standards

Global Reporting Initiative standards for sustainability reporting in the financial sector.

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QMet Expertise

At QMet, we offer a range of services to help financial organizations achieve compliance with relevant standards and frameworks. Our expertise includes: 

Consultancy

Our consultancy services are designed to help you navigate the complexities of financial standards and frameworks. We provide: 

Gap Analysis
Strategy Development
Implementation Support
Process Optimization

Training

We offer comprehensive training programs to ensure your team is well-versed in the latest standards and best practices. Our training services include: 

Awareness Training

Educating employees on the importance of security, compliance, and operational efficiency in the financial sector.

Technical Training

Providing in-depth training on specific standards and frameworks, such as ISO 27001 and PCI DSS.

Certification Preparation

Preparing your team for certification exams to demonstrate their expertise in financial standards.

Assessment and Auditing

Our assessment and auditing services help you maintain compliance and identify areas for improvement. We offer: 

  • Internal Audits: Conducting thorough audits to ensure your practices align with relevant standards and frameworks. 
  • Risk Assessments: Identifying potential risks in your financial operations and recommending mitigation measures. 
  • Compliance Audits: Verifying that your organization meets all applicable regulatory requirements and standards. 
  • Cybersecurity Audits:Evaluating your cybersecurity measures to ensure they meet industry standards and protect against threats.

     

Trust QMet to be your partner in achieving and maintaining compliance in the banking and finance sector. Enhance your operational integrity, ensure security and compliance, and let QMet help you navigate the complexities of industry standards and frameworks.