Simplifying Arquia Banca’s supplier due diligence process to ensure regulatory compliance
How we helped Arquia Banca streamline and digitalise their 3rd party risk management system. See how we can do the same for you.
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With new and complex regulations constantly emerging – and regulations such as DORA penalising financial institutions for supplier non-compliance – checking supplier conformity had become too time consuming for Arquia Banca.
By taking on board the burden of verifying suppliers and presenting a single view of current regulatory status, FSQS has allowed Arquia Banca to reallocate internal resources with employees focussing on the monitoring and custom management of the most critical suppliers which allows identification of the main risk focal points and the key associated controls to minimise said risks.
The FSQS community is an opportunity to hear and exchange ideas with other members of the industry, large and small, including the financial regulator.
As a specialised bank, Arquia Banca find the FSQS events invaluable and a unique opportunity to be involved in industry-shaping discussions. FSQS events provide a unique platform to exchange views and best practice with industry peers, as well as learn first-hand what may be just around the corner in terms of regulatory compliance.
“The first time we experienced Hellios was at a community event, so we could see from the outset how we could benefit from these networking events with our peers. Being part of the FSQS community is a way in which we can ensure our own goals are not only supporting our customers but are aligned with the industry.”
Càndid Andreu Miralles
Deputy Director General of Media
