Latest news with #PCIDSS
Express Tribune
6 hours ago
- Business
- Express Tribune
Banking institute, cyber firm collaborate on security
As per Accenture's report in 2023, cyber-resilient CEOs are already seeing healthier financials with security investments – 16% on incremental revenue growth and 21% on cost control measures. photo: file Listen to article The National Institute of Banking and Finance-Pakistan (NIBAF) and Risk Associates have formalised a landmark partnership through the signing of a memorandum of understanding (MoU), aimed at strengthening cybersecurity and compliance readiness of the financial sector. The agreement was signed by Lubna Farooq Malik, Co-CEO of NIBAF-Pakistan and Dr Aftab Rizvi, CEO of Risk Associates. The MoU establishes a strategic framework through which both institutions will collaborate to develop and deliver advanced training programmes, advisory services and capacity-building initiatives focused on cyber risk, governance, digital forensics and compliance with international standards including the PCI DSS and ISO/IEC 27001. Lubna Malik, while emphasising the critical significance of cyber risk for the financial industry, observed that the financial industry stands at the forefront of profound digital transformation and, consequently, must also be at the very forefront of protecting itself. In this context, she highlighted that the collaboration between NIBAF and Risk Associates would benefit industry professionals, especially in the banking sector, by enhancing their cybersecurity skills and knowledge through capacity building. Risk Associates CEO Dr Aftab Rizvi remarked that static defences are no longer enough in today's regulatory climate. Through this partnership, both sides aim to embed technically rigorous frameworks.
Business Recorder
11 hours ago
- Business
- Business Recorder
NIBAF, Risk Associates sign MoU
KARACHI: National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have formalised a landmark partnership on Saturday through signing of a Memorandum of Understanding (MoU), aimed at strengthening the cybersecurity and compliance readiness of the financial sector in Pakistan. The signing ceremony was held at the Risk Associates regional office in Karachi. The agreement was signed by Lubna Farooq Malik, Co-CEO of NIBAF-Pakistan and Dr Aftab Rizvi, CEO of Risk Associates, in the presence of senior leadership from both organisations. The MoU establishes a strategic framework through which both institutions will collaborate to develop and deliver advanced training programs, advisory services, and capacity-building initiatives focused on cyber risk, governance, digital forensics, and compliance with international standards including PCI DSS and ISO/ IEC 27001. Lubna Malik while emphasizing the critical significance of cyber risk for the financial industry observed that the financial industry stands at the forefront of profound digital transformation and, consequently, must also be at the very forefront of protecting itself. In this context, she highlighted that the collaboration between NIBAF and Risk Associates would benefit industry professionals, especially in the banking sector, by enhancing their cybersecurity skills and knowledge through capacity building. Dr Aftab Rizvi: 'Together with NIBAF-Pakistan, we are delivering forward-looking training that empowers banking professionals to anticipate, adapt, and respond to dynamic threats with operational precision and confidence.' Copyright Business Recorder, 2025
Business Standard
6 days ago
- Automotive
- Business Standard
Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with HDFC Bank, Tata Capital, and Others
NewsVoir Gurgaon (Haryana) [India], June 16: Paisabazaar, India's leading marketplace for consumer credit and free credit score platform, today announced the launch of its new offering - 'Loan against Car'. The new product further expands Paisabazaar's product suite and would help expand access to credit to new consumer segments. Paisabazaar has partnered with multiple partners, including HDFC Bank and Tata Capital, to provide tailored Loan Against Car offers. The launch is in line with Paisabazaar's long-term strategy to go deeper in secured lending, by scaling its key categories Home Loans and Loan Against Property, while building new categories like Loan Against Car. Key features and benefits offered on Loan Against Car on Paisabazaar: * Loan amount of up to 200% of the car's value * Tenure up to 5 years * Easy digital processes Santosh Agarwal, CEO, Paisabazaar, said, "As a marketplace, we remain focused on providing varied consumer segments with diverse product offerings and a wide choice of lenders. Launching new categories like Loan Against Car is a natural step towards scaling and expanding our secured portfolio - a key growth pillar for us over the next few years. As we grow, we would continue to work with our partners and the industry to help address genuine consumer pain-points and build a more inclusive ecosystem." Loan Against Car would offer another avenue of credit to consumers on the Paisabazaar platform, especially those with limited options from more traditional options. Paisabazaar, a part of PB Fintech (listed since 2021), is India's largest marketplace for consumer credit and free credit score. Over the last 11 years, Paisabazaar has earned the trust of over 50 million consumers and it handles 20 lakh+ monthly enquiries from 1000+ cities. Paisabazaar has built 65+ partnerships withBanks, NBFCs, and fintechs to offer a broad range of credit products. Paisabazaar is ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers.
CairoScene
6 days ago
- Business
- CairoScene
UAE-Based Yango Group to Open Flagship Data Centre Hub in Serbia
The move will ensure more reliable, low-latency service delivery across global markets. Jun 16, 2025 Dubai-headquartered Yango Group has signed a memorandum of understanding to host its servers at Serbia's state-run data centre in Kragujevac. The facility, designed to meet TIER 4 standards and equipped with ISO/IEC 27001 and PCI DSS certifications, will serve as Yango's primary infrastructure hub for its global technology ecosystem. Under a colocation model, Yango will operate within a single-tenant environment to better control latency and performance—especially during peak loads—by avoiding shared public-cloud variability. Serbia was chosen for its central location, energy cost efficiency, and favorable cooling conditions—key elements that support robust data centre operations. The Kragujevac centre will reinforce Yango's services across more than 30 countries. Since its founding in 2018, Yango has built a diverse tech portfolio including ride-hailing, maps, delivery, entertainment, adtech, AI assistants, robotics, and autonomous services. By anchoring infrastructure in Serbia, Yango is doubling down on a self-reliant, scalable strategy aimed at improving service quality, transparency, and regulatory readiness in the MENA, Latin America, Africa, and European regions.
Fashion Value Chain
6 days ago
- Automotive
- Fashion Value Chain
Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with HDFC Bank, Tata Capital, and Others
Paisabazaar, India's leading marketplace for consumer credit and free credit score platform, today announced the launch of its new offering – 'Loan against Car'. The new product further expands Paisabazaar's product suite and would help expand access to credit to new consumer segments. Paisabazaar has partnered with multiple partners, including HDFC Bank and Tata Capital, to provide tailored Loan Against Car offers. The launch is in line with Paisabazaar's long-term strategy to go deeper in secured lending, by scaling its key categories Home Loans and Loan Against Property, while building new categories like Loan Against Car. Key features and benefits offered on Loan Against Car on Paisabazaar: Loan amount of up to 200% of the car's value Tenure up to 5 years Easy digital processes Santosh Agarwal, CEO, Paisabazaar, said, 'As a marketplace, we remain focused on providing varied consumer segments with diverse product offerings and a wide choice of lenders. Launching new categories like Loan Against Car is a natural step towards scaling and expanding our secured portfolio – a key growth pillar for us over the next few years. As we grow, we would continue to work with our partners and the industry to help address genuine consumer pain-points and build a more inclusive ecosystem.' Loan Against Car would offer another avenue of credit to consumers on the Paisabazaar platform, especially those with limited options from more traditional options. About Paisabazaar Paisabazaar, a part of PB Fintech (listed since 2021), is India's largest marketplace for consumer credit and free credit score. Over the last 11 years, Paisabazaar has earned the trust of over 50 million consumers and it handles 20 lakh+ monthly enquiries from 1000+ cities. Paisabazaar has built 65+ partnerships withBanks, NBFCs, and fintechs to offer a broad range of credit products. Paisabazaar is ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers.
