Parallex Bank Gets 8 International Certifications For Improved Banking Services


In an apparent commitment to offering its customers limitless banking experience, Parallex Bank has received eight different international certifications from the International Standards Organization (ISO) to strengthen its services.

The ISO is a non-governmental organization that comprises standards bodies from more than 160 countries, with one standards body representing each member country. The certification outlines the requirements and specifications a product, process, or service must meet to ensure its quality is consistent from country to country.

Parallex Bank Gets 8 International Certifications For Improved Banking Services

The latest global certification received by Parallex Bank includes five certifications, which are: Payment Card Industry Data Security Standards (PCIDSS); COBIT 2019; ISO 27017; ISO 27031; and ISO 29100.

The bank had earlier, in July 2022, received an initial international certification for business continuity and management (ISO 22301:2019); an information technology certification (ISO 27001:2013); and a certification that Parallex Bank has met all of the requirements to deliver managed IT services of acceptable quality to its customers (ISO 20000-1:2018).

With this global certification, customers of Parallex Bank can now begin to see the quality and higher standards of products and services that consistently meet their needs and enhance customer satisfaction through continuous improvement and engagement.

The Country Representative of FrenchCert UK, Dr. Orlando Odejide, commended Parallex Bank’s unwavering commitment to excellence, adding that the management and staff of the bank have demonstrated resilience and passion in their investment of time and resources in getting these certifications.

The Managing Director, Parallex Bank Limited, Mr. Olufemi Bakre, while expressing fulfillment over the certifications, said the bank is sold out on its promise of offering limitless banking experience and will not leave any stone unturned in achieving that feat.