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HBL Microfinance Bank – HBL MfB Awarded PCI DSS Compliance Certification by Risk Associates

Risk Associates Hosts Successful CISO Luncheon at Neptune Palace, Sydney

Protecting Cardholder Data with PCI DSS Certificate of Compliance

Karachi, Pakistan – Risk Associates, Pakistan's leading PCI Qualified Security Assessor (QSA) company proudly awarded the PCI v4.0 Certification of Compliance to HBL Microfinance Bank (HBL MfB).

The certification ceremony, held at HBL Microfinance Bank, headquartered in Islamabad—marks a significant recognition for the Banking Sector in Pakistan. Risk Associates certify HBL MfB's steadfast dedication to upholding the highest standards of data security, customer protection, and financial integrity.

During the ceremony, Dr. Muhammad Zahid and Mr. Aziz A. Rahim, Chief Operating Officer of Risk Associates, presented the PCI DSS Certificate of Compliance to Mr. Amir Khan, President & CEO of HBL Microfinance Bank.

Expressing his thoughts on the achievement, Mr. Amir Khan, President & CEO, HBL Microfinance Bank, added, "Achieving the PCI DSS Version 4.0 Certification this year, transitioning from Version 3.0 last year, is a testament to HBL Microfinance Bank's unwavering commitment to continue elevating the highest standards of data security and safeguarding our customers' trust. In today's digital era, this milestone reinforces our dedication to delivering secure and innovative financial solutions that empower individuals and businesses across Pakistan".

Dr. Muhammad Zahid – Chief Operating Officer of Risk Associates, extends heartfelt congratulations to HBL Microfinance Bank Ltd (HBL MfB). He commends HBL MfB team on their commitment and dedication to achieving PCI DSS certification.

Mr. Waqas Haider, Chief Information Security Officer (CISO), HBL Microfinance Bank, also shared his thoughts, “At HBL Microfinance Bank, security is not just a requirement — it is a commitment we uphold every day. Achieving PCI DSS compliance is a proud moment for us, showcasing our dedication to protecting HBL MFB data and ensuring the highest level of security in every transaction. It’s a result of the dedication and teamwork from all our departments, with the essential support of Risk Associate. This milestone is just the beginning—our journey of security, resilience, and excellence continues.”

Mr. Aziz A. Rahim emphasized that this certification not only underscores the bank's commitment to robust data security but also represents a significant stride toward fostering a more secure digital banking landscape in Pakistan.

Key personalities, including Mr. Hashim Mufti - Head of Business Development & Strategy and Mr. Syed Junaid Rizvi, Senior Manager – ERS of Risk Associates, Mr. Junaed Rayaz Chaudhry, CRO, HBL MfB, and Mr. Waqas Haider, CISO, HBL MfB, alongside other representatives from both organizations, graced the ceremony.
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Risk Associates

Risk Associates is a leading management systems certification body accredited by UKAS that provides ISO/IEC 27001 certifications. It also offers assessments against various standards, including Payment Card Industry standards such as PCI DSS, PCI SSF, PCI PIN, PCI 3DS, and C.S.A., Offensive security testing services such as Penetration Testing, Vulnerability Scans, Red Teaming, Managed Services, SOC I, and II.

With a legacy spanning two decades, Risk Associates is committed to mitigating risks and delivering comprehensive compliance, testing, audits, and certifications.
About

HBL MICROFINANCE BANK

HBL Microfinance Bank Ltd. was established in 2002 as the first private sector microfinance bank, licensed by the State Bank of Pakistan. HBL MfB was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), an integrated development program to pioneer the microfinance sector in the country, operating since 1982 in Gilgit-Baltistan and Chitral.

HBL MfB was established with the mission to respond to poverty and contribute to the social and economic well-being of society by providing opportunities to thousands of under-privileged households. Through targeted financial and multi-sectoral products and services based on the evolving needs of the poor, HBL MfB enables its clients to strengthen their entrepreneurial base and build financial, physical, and human capital to secure their future.
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