GBST secures FSQS approval to strengthen compliance

By Vriti Gothi

GBST has achieved full registration on the Financial Services Qualification System (FSQS), marking a step aimed at strengthening its positioning as a compliant technology provider in an environment of heightened third-party risk oversight across financial services.

The certification confirms that the wealth management technology firm meets industry standards for risk management, data security, operational resilience, and financial stability. FSQS accreditation involves a comprehensive independent assessment and is widely used by banks, insurers, and financial institutions to evaluate and monitor third-party suppliers.

The development reflects a broader industry shift, as financial institutions intensify due diligence on technology vendors amid increasing regulatory scrutiny and growing reliance on outsourced digital infrastructure. Frameworks such as FSQS are becoming central to procurement processes, helping firms standardise supplier assessments while reducing onboarding friction.

For GBST, the accreditation is likely to support access to larger financial institutions that require pre-qualified vendors, while also simplifying ongoing compliance checks for existing clients. It signals alignment with the operational and governance expectations necessary to operate within highly regulated environments, particularly in wealth and asset management where data sensitivity and system resilience are critical.

Isabel Sanchez, Chief Technology Operations Officer at GBST, said the certification provides independent validation of the firm’s governance and security standards.

“Achieving FSQS registration is an important validation of our approach. It provides independent evidence of our commitment to operating to the highest levels expected by the financial services industry and reinforces the trust our clients place in us as a secure and reliable partner,” she said.

As financial institutions continue to prioritise vendor risk management, certifications such as FSQS are increasingly functioning not just as compliance markers but as competitive differentiators for FinTech and technology providers seeking to scale within regulated markets.