ECAT Renews FSQS Certification
We are proud to announce that ECAT has completed and renewed the Financial Supplier Qualification System (FSQS) certification process. A benchmark used by a community of major banks and financial institutions, including Bank of Ireland, Bank of England and Santander, to assess the inherent risk when selecting suppliers.
Managed by Hellios, FSQS is an accreditation system for the financial sector that recognises the highest standards in security, quality and innovation. The FSQS community facilitates a pooling of knowledge and expertise to determine the best approaches to meeting regulatory requirements. Hellios provides the community with an objective, standardised and validated system for collecting supplier information and managing compliance assurance. Therefore, the FSQS accreditation helps buyers be reassured that accredited suppliers have responsible business practices and that due diligence has been done to ensure the suppliers will meet their regulatory, legal and corporate governance requirements.
This accreditation requires suppliers such as ECAT to be audited against FSQS requirements across all key risk control areas, including information/cyber security, data privacy, business continuity, financial crime, conduct risk, and financial, legal and corporate responsibility.
Francis Lyons, CEO of ECAT, commented:
“It is great that ECAT has been able to renew this certificate as it provides further evidence that as a company, we continue to take pride in following responsible business practices and full organisational transparency. The FSQS renewal was a rigorous process and is evidence that our customers can be assured that we continue to have the necessary systems and controls required by major Irish and UK financial institutions.
Get in touch with us today to find out how ECAT can keep your business running efficiently.