Indonesia's PT Telkom has announced that its subsidiary in Singapore has completed a report that will allow it to serve a wider range of clients in the financial sector.
Telin Singapore has completed an Outsourced Service Provider Audit Review (OSPAR) report signifying its compliance with the Association of Banks In Singapore (ABS) guidelines.
Achieving compliance will allow the company to increase its client base in the financial sector, as local financial sector companies require technology service providers to be in compliance with ABS guidelines.
An independent audit is a part of this process, and OSPAR meets this requirement.
In addition, Telin Singapore has achieved Payment Card Industry Data Security Standard Compliance (PCI DSS) for companies that handle branded credit cards from the major providers.
“The OSPAR proves that our controls and processes are secure and robust. Through obtaining OSPAR, our financial services clients could rest assured that their data is securely stored according to the highest security standards in our data centers,” Telin Singapore CEO Andreuw Th.A.F said.
“A loss or breach of customer confidential data and disruption to banking services will result in reputational and financial damage to the financial institutions.”
Image credit: iStock Photo