Steria, a leading European IT-enabled business services provider, today announced it has signed a Strategic Outsourcing Framework Agreement with the Financial Services Authority (FSA) to support and develop operational and regulatory systems.
The framework agreement includes seven aspects of work, wherein Steria has secured the right to bid within the following three areas: Infrastructure, Applications Management and BPO. The agreement will enable the FSA to be a more efficient regulator through technological upgrades, streamlined processes and enhanced productivity.
Gareth Lewis, chief information officer at FSA, commented, "The rationale behind the new supplier framework is to provide increased competition amongst our supplier base given the enormous volume of work we anticipate in the next 4 years. Steria has a proven track record in delivering cost-efficient support functions to the FSA, and we are confident in the team's ability to continue to deliver. My team and I look forward to working with them."
Mark Roberts, managing director, Financial Services, at Steria UK said, "We have the depth of experience in financial services to fully understand the requirements of the FSA, which include ongoing system updates and innovative IT services for regulatory compliance. We look forward to working closely with the FSA to tailor our services with the aim of not only enhancing existing IT services, but also generating long-term financial benefit."