Hatfield, UK – October 17th, 2023 – SynApps Solutions, the enterprise content management specialist with deep experience in the financial services industry, has announced that it has joined the Financial Services Qualification System (FSQS). Created by a community of likeminded financial institutions, the FSQS is a single standard accreditation tool which provides a simple mechanism for collecting and managing supplier assurance information across the Financial Services sector.
The system is supported by leading financial organisations within the sector, including Nationwide, Lloyds Banking and The Bank of England, and requires suppliers to be reviewed against FSQS requirements in key areas including health and safety, fraud, business continuity financial insurance and much more.
“We are always striving to meet and enhance industry standards so becoming part of the FSQS community is a natural next step for SynApps,” comments James Paton, CEO, SynApps Solutions. “Managing third party information, such as policies and certificates, is becoming increasingly complex so standards like FSQS help enable compliance.”
FSQS provides comprehensive, accurate and regularly updated insight into third party risk, enabling buyers to have a single source of truth for thousands of suppliers in a single, searchable, reportable and easily accessible system. It also reduces procurement timescales by allowing instant access to information, helping qualify new suppliers or renew contracts more quickly.
Hellios is the validating body that oversees FSQS with its expert team ensuring all information meets strict guidelines. To become FSQS-certified SynApps has completed a rigorous audit process which examines a wide range of key compliance and security areas. These include Information security management; Business continuity; Financial & legal; Health & safety; IT security; Anti-bribery; Recruitment; Operational risks; Fraud; GDPR and the DPA; Responsible business governance; and Environmental and sustainability.