Financial Services leaders collaborate on a supply chain community across Asia Pacific

Participating financial institutions are aligning through a shared community approach to reduce duplication in supplier information collection and improve data consistency.

Hellios

July 13, 2026 | 3 min read

Financial Services leaders unite around supply chain community across Asia Pacific

Financial institutions across Asia Pacific have launched an industry-led community approach to share the effort of collecting, maintaining and validating supplier information and to make it easier for suppliers to work with multiple institutions.

Building on established financial services communities in Europe, the Financial Services Qualification System – APAC (FSQS‑APAC) is intended to help regulated institutions align on shared supplier information requirements. The aim is to reduce duplication across the supply chain and support both buying organisations and suppliers.

Under the community model, third parties submit their information once. Hellios supports the operation of FSQS‑APAC, including the validation and maintenance of submitted information, which can then be accessed by participating institutions subject to appropriate permissions and governance.

Responding to rising scrutiny and growing third-party complexity

Across the region, financial institutions face evolving expectations associated with Operational Resilience, Third-Party, cyber regulations and increasing expectations from their boards. At the same time, Procurement, Security and Risk teams are managing fragmented processes, inconsistent supplier data and repeated requests across shared supply chains.

Many institutions are working through similar challenges in parallel. FSQS‑APAC is intended to support a more aligned approach - improving the consistency and timeliness of supplier information and reducing duplication for both institutions and suppliers.

A community approach with established foundations

Community-based models have been used in other markets to help organisations share common supplier information requirements and reduce repetitive due diligence activity. In Europe, FSQS has been adopted by a range of financial services organisations, including Deutsche Bank, Canada Life, Legal & General and Santander, to support more consistent supplier information and more efficient onboarding and review processes.

James Gleeson, Regional Chief Procurement Officer, Asia and Middle East, HSBC, one of the founding members of the FSQS-APAC community, said:

By participating in an industry community approach, we’re helping to align on shared supplier information requirements to reduce duplication for suppliers, and improve data quality and consistency across the supply chain. This supports a more efficient onboarding experience and strengthens the information for effective third-party risk management and operational resilience. We’ll begin our FSQS-APAC rollout in Hong Kong.

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MUFG Securities Asia echoed the need to simplify how third party data is managed.

Ryan Harris, Head of Technology and Head of Operations at MUFG Securities Asia, said:

Managing third-party governance across complex supply chains is increasingly challenging. By aligning to an industry community, FSQS-APAC helps us improve data quality, adopt best practices, reduce duplication and support a more efficient, resilient approach to third-party risk management.

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While Standard Chartered highlighted the importance of using a tried and tested approach.

Andrew Cannon-Brookes, Global Head, Corporate Services, Standard Chartered said:

FSQS brings greater simplicity, consistency, and efficiency to supplier assurance. As a founding member of FSQS-APAC and through our participation in the UK community, we are supporting a recognised industry approach that reduces duplication, strengthens third-party oversight, and enables suppliers to work more seamlessly with both Standard Chartered and other participating Financial Services institutions, whilst managing Third Party risk effectively and meeting regulatory requirements. It’s a step-change in how we collaborate: simpler for suppliers, stronger on risk, and better for the industry as a whole – delivering stronger, more resilient partnerships while simplifying how we collectively manage third-party risk.

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Tom Maund, APAC Regional Director at Hellios, added:

We are delighted to bring the market leading FSQS solution to Asia Pacific. Our proven approach gives financial institutions a practical way to replace repeated third party assessments with one aligned industry model. To reduce cost while improving speed, data quality and automation, and ultimately simplifying the process of working with Financial Institutions across the region.

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The FSQS-APAC system will be managed and supported by a local Hellios team based in Asia Pacific and led by Josh Spiller. FSQS-APAC will launch in late-July 2026.

About Hellios:

Hellios is a leading provider of third-party data management solutions, helping businesses streamline the collection and management of third party information. Founded in 2012, Hellios has grown into a global community of buying organisations and third parties, with a presence across the UK, Ireland, Netherlands, Spain, and Australia. Serving the energy, financial services, defence, aerospace, and security industries, Hellios is committed to driving operational efficiency and reducing supply chain risks - because at Hellios, confidence is everything.

Hellios

July 13, 2026 | 3 min read