AX has successfully received its Financial Services Qualification System (FSQS) certificate, extending certification for a further 12 months.
Providing reassurance to customers and partners, the FSQS is a community of financial institutions, such as banks, building societies, insurance companies and investment services, collaborating to agree a single standard for managing the third- and fourth-party information needed to demonstrate compliance to regulators, policies and governance controls.
The certification requires suppliers to be reviewed against FSQS requirements in key areas, such as health and safety, fraud, cyber security and business continuity, and financial and insurance. In addition, it also provides a grading against Environmental, Social and Governance conformity and performance.
Once completed, the information is published on the FSQS system, making it accessible to businesses to help manage the due diligence and compliance process on a secure portal.
Acquiring the FSQS accreditation streamlines the process of demonstrating compliance to AX’s partners, as the information acquired in the review process can be reused, making the completion of due diligence more efficient.
AX Group’s certification through the FSQS demonstrates further dedication towards transparency and excellence to its partners, as well as compliance towards industry policies.
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