FSQS Registration Renewal
We are proud to announce that we have just successfully renewed our registration within the Financial Supplier Qualification System (FSQS), a standard used by major UK banks and financial organisations when selecting suppliers.
What is the FSQS?
FSQS is an accreditation tool that provides a standard for gathering and managing supplier compliance assurance information across the financial sector. The system is supported by leading financial organisations within the sector including the likes of Virgin Money, 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.
The review of suppliers against the FSQS requirements not only demonstrates their strong GDPR compliance but fundamentally removes the need to complete and update due diligence for new or existing suppliers, as every business will have already completed this as part of their FSQS accreditation.
This award not only demonstrates that we follow a successful audit process but also reflects on our capability within the finance industry as a responsible lender.
What does it mean for you and Rootshell Security?
Having the accreditation has made it easier for us to demonstrate compliance to the financial organisations we work with in a standardised way that is easily understood and makes processes more streamlined as we can gather the information once and reuse again. This saves us resource and ensures that the evidencing part of any process is straightforward, rather than causing a delay during our clients’ due diligence process.
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