Choice has boosted its credentials as a preferred supplier to the financial sector by gaining registered status within the Financial Services Qualification System (FSQS) Stage 2 as part of its compliance requirement for customer Santander. FSQS is designed to standardise and manage requests for compliance and assurance data in a one-for-all submission process which serves the major financial services organisations that have adopted the system.
Hellios Information Management Ltd operates the FSQS system on behalf of organisations including: Santander, Lloyds Banking Group, Shawbrook Bank, TSB Bank, Clydesdale & Yorkshire Bank, Nationwide, the Bank of England, Bank of Ireland, LV= and Metro Bank.
As a 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. Attaining the certification required Choice to undertake a two-stage process focused on its compliance and policy requirements in areas such as: finances, insurance and third-party certifications, health and safety, environmental and sustainability, IT security, GDPR, anti-bribery, operational risks, fraud and responsible business governance.
Commenting on this achievement, Choice director Barry Critchell said: “Our newly registered status within the Hellios FSQS database is a valuable indicator to the financial sector – where we have specialist technical expertise in security and fire systems – that we are also capable of demonstrating the highest levels of business and administrative credibility.”