CoralPay Technology (Nigeria) Limited has completed the Surveillance – 02 audit and received a favourable recommendation for the continuation of their IAS-accredited ISO 22301:2019 Certification for Business Continuity Management System (BCMS).
The Scope of the BCMS Certification is Designed to Cover all Aspects of our Operations and Administration with Consideration for the Future Expansion and Development of the CoralPay Payment Gateway Platform(C’Gate), the Biller Aggregation Platform (BAP) and CoralPay Octoplus Switching and Payment Processing Platform.
CoralPay Technology (Nigeria) Limited can apply for ISO 41001:2018 Certification for Facility Management – Management System and ISO/IEC 27001:2022 to adopt appropriate information security measures. Moreover, the organization can also apply for Payment Card Industry Data Security Standard (PCI-DSS) Certification to provide a safe and secure payment gateway for clients and customers.
What is ISO 22301:2019 Certification?
ISO 22301:2019 certification is known as Business Continuity Management System (BCMS). It helps organizations prepare for, respond to, and recover from disruptive incidents such as natural disasters, cyber-attacks, or supply chain failures.
ISO 22301 certification demonstrates an organization’s commitment to minimizing business interruptions and protecting critical operations by ensuring business resilience. The standard provides a framework for identifying potential risks and implementing controls to test and improve continuity plans.
ISO 22301 certification enhances stakeholder confidence and strengthens organizational preparedness to manage unprecedented events and incidents.
Benefits of ISO 22301:2019 Standard for CoralPay Technology (Nigeria) Limited
CoralPay Technology (Nigeria) Limited can obtain the following benefits by implementing the ISO 22301 standard. These are as follows:
- ISO 22301 improves CoralPay Technology (Nigeria) Limited’s ability to withstand and recover from disruptions by ensuring continuity of operations. It also minimizes the impact on customers, stakeholders, and overall business performance.
- The certification helps CoralPay Technology (Nigeria) Limited meet legal, regulatory, and contractual requirements for business continuity. ISO 22301 showcases accountability by reducing risks associated with non-compliance or negligence during disruptions.
- ISO 22301 helps CoralPay Technology (Nigeria) Limited establish robust business continuity measures to build trust among clients and partners. It also safeguards the organization’s reputation and competitive edge in the market during crises.
Conclusion
CoralPay Technology (Nigeria) Limited achieved ISO 22301:2019 certification to underscore its dedication to operational resilience and business continuity. The certification validates the organization’s robust systems and frameworks for managing disruptions effectively. It also helps CoralPay Technology (Nigeria) Limited to safeguard critical operations and ensure uninterrupted service delivery.
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