ACCRA, GHANA – SEPTEMBER 8, 2022: Oze, the fintech startup building the one-stop shop MSMEs across West Africa to manage and grow their business and access capital, achieves ISO/IEC 27001:2013 certification to work with Tier One Banks.
Information and data security are top priorities at the company which plans to launch several partnerships with leading financial institutions this year. ISO 27001 certification from an accredited certification body like MSECB proves that Oze has implemented the international best practices needed to successfully protect customer data.
“Banks actually want to work with fintechs, but sometimes fintechs aren’t ready to work with banks,” said Co-founder & COO, Dave Emnett. “Getting ISO certified means that we can provide our innovative services to banks at less risk to them.”
Oze provides services to financial institutions through its platform including advanced analytics and digital lending technology. Its credit risk algorithm helps banks automate lending decisions while reducing risk and its proprietary data set of performance and behavioral data gives the company a competitive advantage in understanding and scoring an MSME’s credit risk.
For MSMEs, Oze provides merchant tools, education, and coaching to help the business perform better and to understand the importance of being responsible with credit. Together, Oze helps banks lend profitably to MSMEs and helps MSMEs to borrow better from banks.
Oze joins the ranks of just a few Ghanaian fintechs that have been awarded ISO 270001 Certification.
More about ISO 27001 Certification:
Organizations get ISO certified to demonstrate to their customers and other stakeholders that they have implemented an ISMS that meets international best practices.
ISO 27001 certification provides independent, third-party verification that an organisation’s ISMS meets the requirements of the ISO 27001 standard. Certification is granted by an accredited certification body following a successful audit of the organisation’s ISMS.