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U Bank Awarded ISO 9001:2015

Risk Associates Hosts Successful CISO Luncheon at Neptune Palace, Sydney

ISO 9001:2015 Quality Management System

Islamabad, Pakistan – February 26, 2025 – Risk Associates and U Microfinance Bank (U Bank) are pleased to announce the successful implementation of the ISO 9001:2015 Quality Management System at U Microfinance Bank, which has been certified by QSCert. 

Mr. Kashif Hassan – Managing Director of Risk Associates, presented the certificate to Mian Muhammad Javed Chief Compliance & Risk Officer of the U Bank, during a recent ceremony in Islamabad. The certification ceremony, held at U Bank’s Head Office, marked a significant achievement in U Bank's ongoing commitment to ensure efficiency, customer satisfaction, and continuous improvement. This milestone underscores Risk Associates’ commitment to delivering excellence in quality management and regulatory compliances. 

"We are proud to have supported U Microfinance Bank in achieving ISO 9001:2015 certification. This demonstrates their dedication to operational excellence and best practices in quality management," said Kashif Hassan – Managing Director at Risk Associates.

Mohamed Essa Al Taheri, President & CEO U Bank, honored the event and commented, “Achieving the ISO 9001:2015 certification is a testament to U Bank’s unwavering commitment to operational excellence, customer satisfaction, and continuous improvement. This milestone reflects our dedication to upholding the highest quality standards as we continue to enhance financial inclusion across Pakistan."

This certification validates that U Bank’s processes are aligned with international quality management standards, ensuring efficiency, customer satisfaction, and continuous improvement. 

Key personalities at the ceremony included Mr. Hashim Mufti – Head Business Development & Strategy – Risk Associates and Mr. Athar Mahmood Asif Head Operational Risk & BCP – U Bank, alongside other representatives from both organizations.

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Risk Associates

Risk Associates is a leading management systems certification body accredited by UKAS to provide 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

U Microfinance Bank

U Microfinance Bank Ltd. (U Bank) is a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group (formerly known as Etisalat Company). The bank has a network of more than 375+ branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of UPaisa in collaboration with Ufone (Pak Telecom Mobile Limited).
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