SynApps Solutions joins FSQS

With its deep experience in the financial services arena, enterprise content management specialists SynApps Solutions (www.synapps-solutions.com) is the latest organization to join the Financial Services Qualification System (FSQS) – the single standard accreditation tool which provides a simple mechanism for collecting and managing supplier assurance information across the Financial Services sector.

Supported by leading financial organizations within the sector, including Nationwide, Lloyds Banking and The Bank of England, the system requires suppliers to be reviewed against FSQS requirements in key areas including health and safety, fraud, business continuity, financial and insurance.

“We are always striving to meet and enhance industry standards so becoming part of the FSQS community is a natural next step for SynApps,” says 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.

To become FSQS-certified SynApps completed a rigorous audit process which examines a wide range of key compliance and security areas including: information security; business continuity; financial; legal; healthy & safety; IT security; anti-bribery; recruitment; operational risks; fraud; GDPR & DPA; responsible business governance; and environmental & sustainability.  Hellios is the validating body that oversees FSQS with its expert team ensuring all information meets strict guidelines