With its in-house cloud services, DIAMOS AG has been offering its customers comprehensive operations in its own data centre for more than 10 years. This year, the data centre operations were again attested by a renowned auditor for the period 1 October 2018 to 30 September 2019 according to ISAE 3402 Type 2. In accordance with the EU General Data Protection Regulation (GDPR), the successful attestation of commissioned processing according to ISAE 3000 was carried out for the first time this year in Type 2. ISAE3000 Type 2 attests to the existence of controls as well as the operating effectiveness and efficiency of these. Both opinions, which have to be renewed annually, are free of objections.
With the attestations, DIAMOS confirms to its customers that it has set up an internal control system (ICS) that complies with the requirements of MaRisk and BAIT (BaFin Circular 10/17) for IT outsourcing. In addition, there is agreement with the supervisory requirements for IT in fund management companies (KAIT). Since last year, it has specified the requirements for outsourcing IT services – especially information security and IT governance – for all capital management companies. The KAIT will eliminate room for interpretation in the implementation of the regulations already in force.
In accordance with the ever more concrete obligations of compliance and security, which must be taken into account in the operation of managed services, DIAMOS is continually developing its solutions in close contact with customers and industry-related auditors. The attestations document that all current, regulatory, and procedural requirements for financial applications are met by the managed services at DIAMOS. This also includes the specifications and recommendations of the Federal Office for Information Security (BSI) as well as international standards.
“Through the annual attestations of the DIAMOS data centre, we confirm to our customers the secure and comfortable outsourcing of their system operation. Among other things, we pay attention to bank-compliant security standards, audited control procedures, and 24/7 system availability in order to ensure professional full-service IT outsourcing in the strictly regulated financial environment”, explains Wolfram Schinnerling, Managing Director of DIAMOS AG, who is also responsible for Data Centre Operations and Infrastructure.
Stefan Markwitz, Managing Director and Information Security Officer at DIAMOS AG says: “The renewed attestations of our cloud services are reliable proof for our customers that our data centre operations guarantee the necessary requirements for data protection and information security. We were optimally prepared for the publication of the KAIT. Last year, we had already implemented high standards last year because of the BAIT. Because these are also relevant for the KAIT, we had to make only minor adjustments”.
DIAMOS has been one of the leading German providers of standard software and services for the investment industry since 1984. The DIAMOS product portfolio is based on a modern, future-proof platform and offers systems that can be flexibly set up and expanded. Depending on requirements, this can be used as integrated solutions or as individual modules. DIAMOS solutions enable the efficient management of funds, alternative investment products, investment accounts, and investments and support extensive process automation along the value chain in investment management. The portfolio includes products for fund accounting, investment compliance, transaction and order management, reconciliation, fee management, commission management, and transfer agency. In addition, DIAMOS provides comprehensive consulting and support services. All products can be provided as Software as a Service (SaaS) or Application Service Providing (ASP) solutions via the ISAE 3402 Type 2 certified DIAMOS data centre. Leading fund platforms, capital management companies/fund management companies/management companies, depositary banks, banks, and other financial service providers rely on DIAMOS products and services. DIAMOS has its headquarters and headquarters in Germany as well as subsidiaries in Luxembourg and Switzerland.
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