ISO certification in the financial sector
The financial sector consists of companies and firms who provide financial services for businesses. For example, these could be brokers, real estate firms, banks and insurance companies. With most organisations around the world being monetary; meaning goods and services are traded for money, this means money supply in economics is important.
Why do companies operating in the financial sector need ISO Certification?
Efficiency, trust and security are some of the key aspects when operating within the Financial sector. This is due to it’s complex environment. Robust systems, protecting data and adhering to industry standards are needed to succeed within the competitive industry. Through the implementation of ISO standards, a clear framework is displayed for companies to grow their business and give them a competitive edge compared to competition. Areas such as risk management, customer satisfaction and implementation of efficient procedures are all covered in the ISO standards, which ultimately drive improvements.
Benefits of ISO in the financial sector
Trust and security with stakeholders
Manage sensitive information
Operational efficiency
Improved reputation
Identify risk and opportunities
Delivery higher quality services
Your routes to achieving ISO certification in the financial sector
Certification supported by consultancy
This package is perfect if you are determined to gain your ISO certification on the first attempt. You will get full access to the Titan System, alongside support with our consultants including on-site visits and virtual meetings.
Self-managed ISO certification
This package is for clients who have adequate resources but want to be guided on achieving ISO certification. Full accessibility of the Titan System, with appropriate templates and training will be available. On hand virtual support is accessible.
FAQs
Operational excellence, security and trust is vital within the Financial sector, therefore implementing the ISO standards are of high importance when striving for success. In particular, ISO 27001 and ISO 9001 will provide significant enhancements and values to your company.
ISO 9001 is highly relevant to the Financial industry. Implementation can see companies develop a solidified quality framework, enhance customer satisfaction and ensure compliance throughout. Furthermore, operations can become streamlined, meaning a higher quality service is delivery, which enhances reputation. Additionally, the Information Security standard, ISO 27001 is also highly relevant. Through a developed Information Security Management System, companies can manage security risks and be protected against data breaches.
We have developed two pathways for ISO certification. Internally managed and supported by consultancy. This means that you can achieve certification in whichever way suits your company and current Management System. Our consultants have extensive experience in the ISO world and will be there to support you through the ISO journey. All requirements of the ISO standard will be in place and thoroughly checked prior to your external assessment.
The Cost of consultancy is very much dependent on the size and scope of your company. We will always offer a free visit to assess your company’s requirements and provide a no obligation quote based on this initial assessment together with an estimated completion date.
If we implement The Titan System, we will set up a fixed monthly subscription fee on a flexible rolling contract. Prices for both are available on request here.
