As the common register of standardised, validated, structured and comprehensive vendor and third-party information, FSQS provides a safe and efficient way to manage compliance and assurance data. Currently, 13 major financial organisations use the FSQS system, including; Santander, TSB, Lloyds Banking Group, Nationwide, Metro Bank, Clydesdale Bank, Shawbrook, Arbuthnot Latham, LV=, Aldermore, Weatherbys, Bank of Ireland and CYBG.
To gain the qualification, Creditsafe took part in a two-stage process focused on its compliance and policy requirements in areas such as anti-bribery, whistleblowing and records management.
Chris Robertson, UK Managing Director of Creditsafe, said: “Our addition to the Hellios FSQS register demonstrates our commitment to excellence in all areas of compliance, as well as providing further proof that Creditsafe is a trusted name in the financial sector.
“Our customers can be safe in the knowledge that we adhere to all compliance and risk management processes required by the leading financial institutions in the UK.”
FSQS also helps to promote and introduce responsible business practices through its collaborations with the industry’s major institutions.
About FSQS: FSQS is a qualification system for the financial sector. It is designed to standardise and manage requests for compliance and assurance data for major financial services organisations that have adopted FSQS. As the regulated environment becomes more complex, FSQS provides a standard and simple mechanism for collecting and managing supplier compliance assurance information across the sector. A cross-sector collaboration solution which reduces the time, cost, resource and duplication currently needed to provide information to financial institutions.
For information about how to join FSQS as a supplier, you can ontact the FSQS team at Hellios on 01865 959120 or email [email protected]
Source: Creditsafe Press Release