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9 January 2020
Target are Financial Supplier Qualification System (FSQS) Registered
We are proud to announce that Target has successfully completed the rigorous Hellios Financial Supplier Qualification System (FSQS) certification process, a benchmark used by major UK banks and financial institutions when selecting suppliers.
As the environment in financial services becomes more complex, FSQS provides a mechanism for financial organisations to collect and manage supplier compliance assurance information.
FSQS is currently being used by 25 major Banks, Building Societies and Insurance companies: LV= General Insurance Group, Hastings Group and Teachers Building Society, Lloyds Banking Group, Metro Bank, Santander, TSB, Shawbrook Bank, Aldermore Bank, Clydesdale Bank, LV=, Arbuthnot Latham, Nationwide Building Society, Weatherby’s, The Bank of England, Bank of Ireland, Tokio Marine Kiln, Virgin Money, Royal Sun Alliance, Hinckley and Rugby Building Society, BNP Paribas and NFU Mutual.
Accreditation requires suppliers to be audited against FSQS requirements in the areas of: Information Security Management, Business Continuity, Financial, Insurance, Health & Safety, IT Security, Anti-Bribery, Recruitment, Operational Risks, Fraud, GDPR and the DPA, Responsible Business Governance, Environmental and Sustainability.
Brendon Hogan, Head of Compliance for Target, commented: “FSQS accreditation is an important milestone for Target, underpinning our commitment to compliance and responsible business practices that align with our values, Passion, Innovation, Integrity and Respect. We are delighted that more organisations in the financial sector will now be able to access Target’s services including; Data Verification, Mortality Screening, Trace Solutions, Biometric and Digital Member Onboarding, secure in the knowledge that they are working with a fully registered FSQS accredited business.”
Target’s commitment to FSQS is evidence of our continued support of our clients cost saving initiatives by reducing costs incurred during their supplier and third party qualification, compliance and risk management processes.