Planixs Renews Hellios Financial Supplier Qualification System (FSQS) Certification
- Management , Cloud , Compliance , Data
- 10.06.2021 12:10 pm
Planixs, the leading provider of real-time cash, collateral and liquidity management solutions to financial services firms, is proud to announce that it has successfully completed the Financial Supplier Qualification System (FSQS) certification process, a benchmark used by major banks and financial institutions to assess and vet potential vendors as part of their supplier procurement process.
Managed by Hellios, FSQS is an accreditation system for the financial sector that recognises the highest standards in security, quality and innovation. The FSQS Standard was created by financial institutions including banks, building societies, insurance companies and investment services, collaborating to agree a single standard for collecting the increasing amount and complexity of third-party information needed to demonstrate compliance to the Financial Conduct Authority and the Prudential Regulation Authority.
This accreditation requires suppliers to financial services firms to be stringently audited against FSQS requirements across all key risk control areas including information/cyber security, data privacy, business continuity, financial crime, conduct risk, financial, legal and corporate responsibility.
Renewing its FSQS-qualified supplier status validates Planixs as a trusted supplier of software solutions for large enterprise banks and leading financial institutions.
Neville Roberts, Planixs’ CEO, comments: “We are delighted to renew the FSQS certificate as it demonstrates the quality of our internal processes and procedures to the very high standards required by the financial services sector. Registration reassures our customers and partners that we have gone through a rigorous process and embedded the necessary systems and controls required by all major financial institutions.”
Founded in 2011, Planixs works with some of the world’s most prestigious global financial institutions such as Santander, Allied Irish Bank, Scotiabank, SIX Group, Banque Internationale à Luxembourg (BIL), Landesbank Baden-Württemberg (LBBW), Lloyds Banking Group and Zenith Bank, helping them manage their cash and liquidity and address regulatory challenges through its real-time treasury software, Realiti®.
Realiti provides firms with instant, real-time visibility and insight, allowing them to optimise their cash and liquidity and comply with regulatory requirements. With Realiti, organisations can ensure they meet global regulations including the FED, European Banking Authority and UK PRA regulations. The solution also incorporates stress testing capabilities, allowing banking firms to apply a range of stress scenarios in order to understand, monitor and prepare to mitigate any intraday liquidity stresses and to help size liquidity buffers.