BENEFIT, the Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has achieved the ISO22301:2019 accreditation for the 3rd year in a row, for Business Continuity Management System (BCMS) in recognition of the security and resilience.
The results of the ISO22301:2019 review reflects BENEFIT’s high standards in the field of BCM, where the assessor deemed the organization to be operating at the highest possible standard with 0 Non-Conformities (NCs) & 0 Opportunities for Improvement (OFIs).
This achievement reaffirms the important growth stage the company has reached. BENEFIT also recognizes that there is a growing demand for service providers with consistent and secure procedures to deliver safe and seamless services that consumers can trust.
Additionally, BENEFIT continues to invest in business continuity and business resilience planning to ensure that its customers, suppliers and partners are enabled to face any unforeseen challenges. Furthermore, BENEFIT’s commitment to business continuity ensures that BENEFIT provides reliable and trustworthy services with a high level of service availability to banks, partners and consumers.
Reyadh Almearaj AGM Information Technology BENEFIT
“We are very proud of this achievement. This entire process has enabled us to engrain the business continuity discipline across our organization, and has allowed us to obtain a better understanding on implementing and creating a business continuity strategy with proper response tactics. These standards are quite crucial in a time where all organizations must recognize the threats and opportunities that can arise internally and externally, and know how to react to them. With the COVID-19 pandemic, it has become increasingly clear that in order for organizations to be able to withstand and overcome future disruptions, having an effective business continuity system is a must, and that it should be based on internationally accepted standards such as ISO 22301:2019.”
It is worth mentioning that a total of $4 million has been invested in Business Continuity and Disaster Recovery (BC & DR) throughout the recent period. This overall figure will be used to showcase BENEFIT’s ongoing BCM efforts in investing in its IT landscape or infrastructure to maintain high service availability.
