December 5, 2023, Dubai, UAE:
In the ever-evolving landscape of technology, Avanza Innovations stands out as a beacon of excellence, recently achieving ISO 27001 and ISO 20000 certifications.
These milestones are not merely symbols of compliance but attest to Avanza’s dedication to the highest standards in information security and service management. Let’s delve into what these certifications mean and how they underscore Avanza’s commitment to its clients
ISO 27001: Safeguarding Information Security
ISO 27001 is the gold standard for information security management systems. It provides a systematic approach to managing sensitive company information, ensuring its confidentiality, integrity, and availability.
Ali Safri, CTO of Avanza Innovations, emphasizes the significance, stating:
“By adhering to international standards, we assure our clients that their data is handled with the utmost care, fostering a relationship built on trust and innovation.”
ISO 20000: Elevating Service Management
ISO 20000, on the other hand, focuses on service management. It ensures that an organization’s IT services are aligned with business needs, providing a framework for efficient service delivery.
Ahmed Hasham, Head of Operations & Support, highlights the journey to certification as a testament to the team’s dedication:
“For our clients, this translates into a seamless experience, reduced risks, and enhanced operational efficiency.”
A Meticulous Process for Innovation and Reliability
Farrukh Ahmed, Head of Engineering, sheds light on how these certifications go beyond mere compliance, this process-oriented approach is a commitment to delivering innovative and reliable technology solutions aligned with clients’ strategic objectives:
“These certifications embody a meticulous process embraced by Avanza’s engineering team to ensure the highest levels of security and service management.”
Building Trust Through Excellence
For Muhammad Aqeel Altaf, Director of Corporate Services, the achievement of ISO 27001 and ISO 20000 is a comprehensive process that underscores Avanza’s dedication to corporate services excellence, he states:
“It’s not just about compliance but about building a foundation of trust with clients, enhancing the security of their data, and elevating the quality of services provided.”
In essence, Avanza Innovations’ attainment of ISO 27001 and ISO 20000 certifications is not just a milestone; it’s a commitment to continuous enhancement, innovation, and, most importantly, to the clients who trust in their services.
It marks the beginning of a new chapter in delivering excellence, where information security and service management are not just benchmarks but integral components of Avanza’s unwavering commitment to client success.
Avanza Group and AshreiTech Inc. Join Forces to Launch Avanza USA Inc. for the North American Market
July 15, 2023, Karachi, Pakistan: Ashreitech Inc., a global technology enabler, and Avanza Group, a digital transformation and automation specialist, announce their strategic partnership and the establishment of Avanza USA Inc., a new venture aimed at revolutionizing the tech landscape in the North American market.
Avanza USA Inc. will serve as a dedicated platform to market cutting-edge Blockchain, AI, Web 3.0, Payments & Transaction Processing and Banking products for Governments, Counties, Financial Institutions, Large Enterprises and consumers in North America.
Rahim Iqbal, one of the founding partners of AshreiTech, expressed his enthusiasm about the partnership, stating, “This collaboration is transformative as it opens up the possibilities for taking up projects of global scale.”
Waqas Mirza, CEO at Avanza Innovations shared his thoughts: “Ashreitech and Avanza’s collaboration is aimed at bringing a rich and exciting portfolio of cutting-edge technology and solutions to the North American region.”
Founded as a consortium between top tech entrepreneurs and visionary business leaders, AshreiTech is a global technology enabler, inspired to help businesses thrive through technology by collaborating with the leading technology solution providers and innovators around the globe. Visit www.ashreitech.com for more information.
About Avanza Group:
Since 2000, Avanza Group empowers global organizations with innovative digital platforms and services, driving digital transformation. It serves as a hub for advanced technologies like Blockchain, AI, Web 3.0, Smart City apps, and more. Avanza’s people-centric vision has provided digital solutions to diverse sectors worldwide, including Government, Finance, Supply Chain, E-Commerce, Oil & Gas, Real Estate, Aviation, Insurance, Healthcare, and Telecommunication. Visit https://avanza.group/ for more information.
Pakistan Banks’ Association launches a national, blockchain based, eKYC platform for the banking industry in Pakistan
Karachi, March 02, 2023: Pakistan Banks’ Association (PBA), on behalf of all its member banks, signed the project contract for the development and execution of Pakistan’s first, blockchain based, national eKYC banking platform with the Avanza Group. The signing ceremony was held at the PBA office in Karachi on March 2, 2023 .
The ceremony was attended by PBA Chairman, Mr. Muhammad Aurangzeb, who is also President HBL; Mr. Akhter Javed, Director BPRD, SBP; Mr. Tawfiq Hussain, CEO PBA, the signatory for PBA; Mr. Waqas Mirza, CEO Avanza Innovations; and Mr. Omer Khan, CEO, Avanza Solutions (Pvt) Ltd; the signatory for Avanza.
The eKYC (electronic Know Your Customer) project is part of SBP’s ongoing efforts to strengthen the control infrastructure for Anti Money Laundering (AML)/Terrorist Financing (TF) in the country. PBA has been overseeing the planning and management of the project on behalf of the banking industry, under the aegis of the State Bank of Pakistan.
In addition to strengthening AML controls, the deployment of this platform will bring about efficiencies at participating banks and will result in improvement in customer experience, especially at the time of account opening, thus facilitating financial inclusion.
Avanza Group’s eKYC platform, ‘Consonance’, is being implemented for PBA. The platform will use blockchain technology through which banks will be able to standardize and exchange, with customers’ consent, their details via a decentralized and self-regulated network. This will be a support platform for Pakistan’s banking industry and all participating member banks will be able to perform assessments of their existing, as well as new customers, by utilizing information/ data available with any other bank on ‘Consonance’.
Once performed by a member bank, the eKYC data can be utilized by other banks for Customer Due Diligence (CDD), thus minimizing cost and effort in customer onboarding and improving the customers’ account opening experience, thus facilitating financial inclusion.