DUBAI — Paladion, a specialized information risk-management provider, announced that the company has partnered Noor Bank, a leading Shariah-compliant bank in the United Arab Emirates in implementing a ISO Information Security Management System (ISMS) and the bank has been awarded with ISO certifications for Quality Management ISO 9001:2015 and Information Security Management System ISO 27001:2013.
With this prestigious international certification under its belt, Noor Bank took the lead and became one of the few institutions in the country that has been certified on the latest International Quality Management standards laid by ISO.
Commenting on being awarded the ISO standards the Chief Technology Officer at Noor Bank, S. V. Padmanabhan said, “Information security is critical to us, as a single security breach can substantially damage our customer confidence as well as our market competitiveness. We are committed to maintain high security levels and integrity of information”.
Noor Bank Technology Management Fahad Siddiqui and Khaldoun Al Khalidi also mentioned that adoption of ISO standards demonstrates our commitment to provide outstanding customer experience to clients and assuring them of high quality and security at all touch-points.
Paladion is the foremost name in the industry that assists organizations in the implementation of cyber security with minimum interference to established processes by leveraging its industry-wide experience and international standards. Paladion with a decade of experience to deliver comprehensive security solutions and services to its customers in the region was instrumental in enabling Noor Bank attain these high standards.
“We are glad that Noor Bank has raised its security bar by adopting latest ISO standards. This will help the Bank establish and maintain an effective information management system, using a continual improvement approach. The standard specifies the requirement for establishing, implementing, operating, monitoring, maintaining, and improving a documented Information Security Management System within the context of the bank’s overall business risk,” said Firosh Ummer, managing director for MEA at Paladion.
"The ISO certification will ensure compliance with government policies and international best practices enabling the bank to minimize risks and security breaches,” stated Ummer.
Paladion Networks is a specialized partner for information risk management providing end-to-end services and solutions in the US, Europe, Asia and the Middle East. Paladion is rated and has been recognized and awarded by Gartner, Asian Banker, and Red Herring, amongst others.
Noor Bank began operations, in Dubai, in 2008, as Noor Islamic Bank. It is a full service bank delivering the broadest range of products for its customers, with an emphasis on unique and personalized service. Noor Bank is governed by the Shariah Supervisory Board, comprising of leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. — SG
