Bank of Ghana (BoG) has urged all financial institutions to work with financial technology (fintech) firms to deploy security systems with threat intelligence capabilities to assist in preventing cyber threats to financial infrastructures in the country.
According to the central bank, technology-driven payment products are prone to attacks by cyber criminals.
The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama made the call at the 10th anniversary ball of Fidelity Bank Ghana Limited in Accra on Friday, April 28, 2017.
He noted: “Cyber-attacks on financial service providers are becoming increasingly sophisticated and the recent attack on the Central Bank of Bangladesh is signal enough for us to take precautionary measures to avert attacks on our financial infrastructure by hackers”.
Dr Asiama therefore enjoined all financial institutions and payment systems operators to obtain international security certifications such as the ISO 27001 and the PCI DSS to safeguard their electronic systems.
” These requirements are necessary to promote the integrity of the financial and payment systems”, he stated.
Congratulatory message
Dr Asiama said: “On the occasion of this special 10thanniversary therefore; permit me to add my voice in congratulating the management and staff, for your efforts in creating such a strong and unique identity for Fidelity Bank”.
Progress made by Fidelity Bank Ltd
Since 2006 when Fidelity Bank Limited joined the banking fraternity after evolving from the former Fidelity Discount House, Fidelity Bank Limited has grown both organically and inorganically in size, expanding its branch network, staff, and service, according to him.
“Indeed, the performance of Fidelity Bank has been satisfactory with total assets steadily increasing at end-March 2017 toGH¢4.10 billion, up by 4.71% from the corresponding period last year. The bank has grown its deposits base to GH¢2.58 billion and has extended credit to the tune of about GH¢1.47 billion”.
According to BoG records, Fidelity Bank Limited has invested in more than 115 ATMs and operates 75 branch networks with presence in eight out of the 10 regions of the country.
Today, Fidelity Bank can boast of establishing two subsidiaries, the Fidelity Asia Bank Limited, its offshore banking hub and the Fidelity Securities Limited, the investment banking arm.
African Eye Report
