The DIAMOS data processing center has been re-certified to current ISAE3402 typ 2 standards by a renowned auditor. Directly following on from this, a re-certification of the order data processing took place in accordance with the German Data Protection Act (§ 11 BDSG). Both certifications, which have to be renewed annually, were attained successfully and without objections.
Content of the ISAE3402-certification is the confirmation of an existing internal control system and its effectiveness. It was thus documented that all current regulatory and procedural requirements for financial applications in DIAMOS' Managed Services are compliant. The basis for this excellent result is the ongoing development by DIAMOS in the face of constantly changing requirements regarding compliance and security that need to be taken into consideration in the operation of Managed Services. In addition to the specifications and recommendations of the German Federal Office for Information Technology Security (BSI) and international standards, DIAMOS maintains close contact with customers and industry-specific auditing firms.
"Our managed services offer our customers the opportunity to process their system operations via the DIAMOS data center in a secure, time-saving and cost-efficient manner. Naturally, the 'K-Fall' (K-case) security is also included in our service package, so that the DIAMOS data center satisfies the specific high requirements of the financial sector", emphasizes Stefan Markwitz, Managing Director at DIAMOS AG.
Equally, a regular review of existing internal control systems relating to data security with respect to order data processing was carried out and resulted in no objections. The established processes and controls comply with the defined specifications. As such, the existing technical and organisational measures for compliance with paragraph 11 of the German Federal Data Protection Act (§ 11 BDGS) are valid and effective.
DIAMOS is a leading provider of standard software and services and has been providing the investment management industry with solutions since 1984. Effectively combining long-standing expertise with state of the art, future-proof technologies, DIAMOS provides a new generation of flexible and scalable software solutions: Integrated and modular solutions which support the whole value chain for efficient and convenient administration of funds, alternative investment products, retail investment accounts and ownership participations. The portfolio includes products for fund accounting, investment compliance, order management, fee and commission management, reconciliation and transfer agency. DIAMOS also provides expert technical and functional consulting and support services to ensure clients receive maximum operational benefit from DIAMOS solutions. Operations can also be streamlined through the use of professional SaaS/ASP services which are available in combination with the DIAMOS ISAE 3402 type 2 certified data processing center. Leading financial institutions rely on DIAMOS products and services. The company is headquartered in Germany with subsidiaries in Luxembourg and Switzerland.