BSI Spain has awarded Bankinter certification to ISO 22301, the new international standard for societal security and business continuity management launched in May this year.
Bankinter is the first organization to be issued an ISO 22301 certificate by BSI and is also the first financial institution in the world to undergo successful independent assessment and demonstrate compliance with the new global standard.
The scope of certification identifies that Bankinter operates a robust Business Continuity Management System (BCMS) which covers the following: processes of identification, authentication and signing on financial operations; their electronic evidence through the Internet; the mainframe banking operational information system; and the Equities Electronic Trading Infrastructure for its Tres Cantos and Alcobendas sites.
Marcio Viegas, Managing Director BSI Iberia and France said: “It is evident from Bankinter’s certification that the organization takes a proactive stance to reducing risk and ensuring the resilience of the organization against unexpected disruptions. The business continuity management system implemented and maintained by Bankinter provides a rigorous mechanism to ensure that key products and services can be effectively restored should disaster strike, and that the bank is serious about protecting its corporate reputation.”
ISO 22301, which has evolved from the internationally recognized and well-respected British Standard BS 25999, endorses a plan of management practices and preventive solutions to protect an organization against unexpected disruptions which may affect ability of the company to operate, such as a loss of power, severe weather conditions, epidemics or unstable political or economic situations.