Overview and Summary of IT Standards for the Nigerian Financial Services Industry
IT standards for Nigeria’s Financial Services Industry is focused on 7 key technology capabilities areas which are required for world class IT operations as follows:
| Strategic IT Alignment | Translation of business vision and strategies into multi-year IT investments and operating plans, as well as impacts of Information Technology on the Enterprise’s performance measurement. |
| IT Governance | Framework for initiation, endorsement, sponsorship, approval and evaluation of IT decisions. |
| Architecture & Information Management | Guidance for the creation and execution of the strategic IT architecture framework. |
| Solutions Delivery | Framework for the development of software application solutions and their subsequent transition into the production environment. |
| Service Management & Operations | Planning, delivery and measurement of day-to-day operational service. |
| Information & Technology Security | Security and protection of enterprise information and related assets. |
| Workforce & Resource Management | Management of IT skills, knowledge and financial resources. |
The Financial Services Industry IT standards are derived from globally defined and accepted standards as follows:
Reference |
|||
Strategic IT Alignment |
IT Infrastructure Library (ITIL) |
Control Objectives for Information and related Technologies (COBIT) |
|
IT Governance |
COBIT |
ISO 38500 |
|
Architecture & Information Management |
Interfaces |
ISO 8583 |
ISO 20022 |
Reporting |
eXtensible Business Reporting Language (XBRL) |
||
Enterprise Architecture |
The Open Group Architecture Framework (TOGAF) |
||
Solutions Delivery |
Applications Development |
Capability Maturity Model Integration (CMMI) |
ISO 15504 |
Project Management |
Project Management Body of Knowledge (PMBOK) |
PRojects IN Controlled Environments version 2 (PRINCE2) |
|
Service Management & Operations |
Service Management |
ITIL |
ISO 20000 |
Data Center |
Tier Standards |
TIA 942 |
|
Health, Safety, Environment (HSE) |
OHSAS 18001 |
||
Business Continuity |
Business Continuity Institute Good Practice Guidelines (BCI GPG) |
||
Information & Technology Security |
Payment Card Industry Data Security Standard (PCI DSS) |
ISO 27001/27002 |
|
Workforce & Resource Management |
Skills Framework for the Information Age (SFIA) |
||