- 5 min read
- November 2026
FSQS Registration: Supplier Assurance for Financial Services Organisations
Deryn Crighton-Smith
Data security, regulatory compliance and supplier assurance are critical considerations for financial services organisations. That’s why Data8 is registered with FSQS (Financial Services Qualification System), a supplier assurance programme operated by Hellios for financial institutions across the UK and Ireland.
Our FSQS registration provides independent validation of our approach to information security, governance, data protection and operational resilience, helping procurement, compliance and risk teams assess us with confidence.
Key Takeaways
- Data8 is registered with FSQS.
- FSQS stands for Financial Services Qualification System.
- FSQS is operated by Hellios on behalf of financial services organisations across the UK and Ireland.
- The assessment covers information security, cyber security, data protection, governance and operational resilience.
- FSQS registration helps streamline supplier due diligence and onboarding processes.
- Data8 also holds ISO 27001:2022 and Cyber Essentials Plus certifications
What is FSQS?
FSQS (Financial Services Qualification System) is a supplier qualification and compliance management programme operated by Hellios, an independent specialist in supplier information and risk management. It is used by banks, building societies, insurers and other financial services organisations to assess and monitor suppliers against key compliance and risk criteria.
The programme provides organisations with consistent, independently validated supplier information, helping reduce duplication, improve transparency and strengthen third-party risk management.
What does the FSQS assessment cover?
FSQS assesses suppliers across several key areas, including:
- Information security and cyber security
- Data protection and GDPR compliance
- Business continuity planning
- Operational resilience
- Risk management processes
- Corporate governance
- Anti-fraud controls
- Regulatory and supplier assurance requirements
Why do financial services organisations use FSQS?
Financial institutions are responsible for ensuring that third-party suppliers meet stringent security, compliance and governance standards.
FSQS helps organisations carry out supplier due diligence more efficiently by providing access to validated supplier profiles through a single assessment framework.
Benefits include:
- Faster supplier onboarding
- Reduced duplication of compliance questionnaires
- Improved supplier transparency
- Stronger vendor risk management
- More efficient procurement processes
- Easier access to independently validated compliance information
As a result, procurement, compliance and risk teams can make informed supplier decisions while significantly reducing administrative effort.
Why FSQS Registration Matters When Choosing a Data Supplier
Organisations handling customer data must ensure that suppliers can demonstrate robust information security, governance and compliance controls.
For banks, insurers and other regulated organisations, supplier assurance is an essential part of the procurement and onboarding process. FSQS registration provides independent validation that a supplier has been assessed against recognised industry requirements.
This helps organisations:
- Reduce supplier due diligence workloads
- Accelerate procurement reviews
- Improve confidence in supplier security controls
- Support regulatory compliance requirements
- Strengthen third-party risk management programmes
How FSQS Supports Data8's Security and Compliance Strategy
At Data8, we help organisations validate, cleanse and enrich customer data, including many organisations operating in highly regulated sectors. Protecting that data is central to everything we do.
Our FSQS registration complements our broader security and compliance framework, including ISO 27001:2022 and Cyber Essentials Plus certification. Together, these accreditations demonstrate our ongoing commitment to information security, risk management and customer trust.
Looking for an FSQS-registered data quality partner?
Data8 helps organisations improve data quality, customer insight and operational efficiency while maintaining high standards of information security and compliance.
Whether you’re conducting supplier due diligence, reviewing security credentials or evaluating data quality providers, our team can help.
Contact us today to discuss your data quality requirements and learn how we support financial services organisations.
Frequently Asked Questions
Is Data8 FSQS registered?
Yes. Data8 is registered with FSQS, the supplier qualification system managed by Hellios.
How does FSQS benefit Data8 customers?
Customers gain additional assurance through independent validation of Data8’s approach to security, compliance, governance and risk management. This helps simplify supplier assessments and procurement processes.
What does FSQS stand for?
FSQS stands for Financial Services Qualification System.
Who uses FSQS?
FSQS is used by banks, building societies, insurers and other financial services organisations across the UK and Ireland to assess and monitor suppliers.
What does FSQS assess?
FSQS assesses information security, cyber security, GDPR compliance, data protection, business continuity, operational resilience, risk management, governance and anti-fraud controls.
Is FSQS the same as ISO 27001?
No. ISO 27001 is an internationally recognised information security management standard, whereas FSQS is a supplier assurance framework used to assess supplier compliance and risk. FSQS may include evidence relating to certifications such as ISO 27001 as part of its assessment process.
Does FSQS replace supplier due diligence?
No. FSQS provides independently validated supplier information that helps reduce duplicated questionnaires and streamline procurement. However, organisations may still carry out additional due diligence according to their own risk policies.
How can I verify whether a supplier is FSQS registered?
Financial services organisations that participate in FSQS can verify a supplier’s registration status through the Hellios supplier assurance platform.