Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

VST Enterprises boosts public sector procurement profile

VST Enterprises boosts public sector procurement profile

Technology firm accepted onto government cloud services framework

VST Enterprises, which developed the technology allowing genuine users to authenticate themselves across online transactions and interactions, has been accepted onto the latest version of the government’s cloud services framework, G-Cloud 10.

The G-Cloud framework is an agreement between the government and suppliers who provide cloud-based hosting, software or support services. Public sector organisations use this digital marketplace to buy services more quickly and cheaply than if they had to enter into individual procurement contracts with each supplier.

Since the basic terms of use have already been agreed between the government and suppliers, public sector buyers can purchase services from VST Enterprises without running a full OJEU (Official Journal of the European Union) procurement process each time.

“There are several elements to our VCode/VPlatform that are valuable to public sector enterprises,” explains Melissa Hendry, Operations Director of VST Enterprises. “The technology can be used to authenticate the identity of users and secure transaction data, increasing the security of personal information and confidential records. It also enables full traceability, helping authorities to tackle counterfeiting and piracy and improve tax and excise practices.”

In 2014, the EU commission passed legislation stating that all items entering the EU must prove their provenance. A report produced by the European Innovation Network identified VCode as the only standalone technology that could address this issue and VST Enterprises has received the EU Seal of Excellence for its solution.

Having a presence on G-Cloud is not a guarantee of winning public sector business. However, VST Enterprises already has a number of deals in the works with those such as Isle of Man Post Office and York Council, proving the robustness of its offering.

One of the remits of the G-Cloud framework is to encourage smaller firms to pitch for business. As of the end of last year, almost half (48%) of the £2.85bn of sales generated went to SMEs.

“This is clearly a healthy trend,” says Hendry. “By working with innovative UK companies like us, the public sector gets access to a wider range of skills and expertise. A more diverse supply chain is a key element in achieving value for money in procurement as well as further developing the UK technology sector.”

For the full features and benefits of VST Enterprises’ VCode and VPlatform and more information about the available service, go to: https://www.digitalmarketplace.service.gov.uk/g-cloud/services/771540242475962.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post