Checkprint Limited, part of The TALL Group of Companies, the UK leader in the provision of secure printed and electronic payment solutions, has successfully achieved the Financial Services Supplier Qualification (FSQS) meaning all three companies within the Group, (Checkprint, TALL Security Print and DLRT Ltd) are now fully accredited.
The Hinckley-based security print specialist achieved the certification which is required by major Banks and Financial Services Organisations when selecting suppliers. Checkprint Limited satisfied all of the requirements to become fully registered on the supplier qualification system, as set out by participating buying organisations.
FSQS is a community of financial institutions including banks, building societies, insurance companies and investment services, collaborating to agree a single standard for managing the increasing complexity of third and fourth-party information needed to demonstrate compliance to regulators, policies and governance controls.
One of the key aims of FSQS is to ensure that the information that suppliers and third parties are asked to provide to their clients is proportionate to the types of goods of services being supplied. The accreditation was designed to improve the standard of suppliers through a common set of policy and risk areas including IT Security, Operational Risks, GDPR and Responsible Business Governance which are reviewed annually and updated to stay ahead of regulatory changes.
Martin Ruda, Managing Director of the TALL Group of Companies, said: “We are extremely proud to have successfully achieved this certification, which demonstrates our ability to safely collect, validate and monitor our suppliers information.”
FSQS is currently used by 32 major Banks, Building and Insurance companies including Lloyds Banking Group, Metro Bank, Santander, TSB, Clydesdale Bank and The Bank of England.
