FSQS (Financial Services Qualification System) is a community of financial institutions including banks, insurance companies and investment services, providing a single standard for managing the increasing complexity of third and fourth-party information needed to demonstrate compliance to regulators, policies and governance controls.
One of the key aims of FSQS is to ensure that the information that we provide to our clients is proportionate to the type service being supplied. We successfully completed a dynamic three-stage process which was used to ensure that our process is efficient as possible.
The outcome is common supplier information in a central system, FSQS allows information to be accessed by all participating buying organisations making the security review process for you much more efficient.
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