Milestone reached – Certified quality of our data enrichment processes
We have successfully passed the PS951 Type I certification for our data enrichment processes. After an intensive certification process, we have received official confirmation that our data enrichment processes meet defined quality requirements.
The certification serves as verifiable proof of trust for our customers in the banking and insurance market and documents our commitment to reliable and comprehensible data quality.
Data enrichment: What does that mean exactly?
Data enrichment refers to the addition of additional, relevant information to existing data sets in order to create a sound basis for decision-making.
The quality of these enrichments is crucial: this is precisely where PS951 certification comes in, giving our customers and partners the assurance that our processes and controls guarantee this quality.
What does the PS951 Type I certification mean?
PS951 is a recognized German testing standard that focuses on the testing of quality assurance measures in the development of software for safety-relevant systems.
Type I certification means that not only a single product has been tested, but that our development and quality assurance processes for data enrichment have undergone comprehensive testing.
For the area of data enrichment, this means that the results are based on documented, tested and traceable processes. This applies to the provision within the Core API, but also to manual data enrichment via CSV exchange.
Why is this certification relevant?
In the banking and insurance sector, data forms the foundation of almost every decision. Whether credit scoring, risk assessment, portfolio reviews for restructuring or a personalized customer approach – the quality of the underlying data determines the quality of the results.
Regulatory requirements: Financial service providers are subject to strict regulatory requirements. They must be able to prove that their data and the processes based on it are correct, traceable and auditable. The PS951 Type I certification provides this proof for our data enrichment processes.
Risk minimization: Incorrect or unreliable data enrichment can lead to wrong decisions, compliance violations and financial losses. The certification documents that we have implemented systematic measures to systematically reduce these risks.
Transparency and trust: The external audit independently confirms that our quality standards are defined, documented and audited. Customers can rely on the fact that the results of our data enrichment are based on consistent processes.
The path to certification: one year of structured testing
The certification process was comprehensive and demanding – and for good reason. Over a period of twelve months, we examined and documented our data enrichment processes in detail.
This intensive examination of our own processes not only led to certification, but also further developed our working methods.
What exactly will change for our customers?
Nothing changes for our customers in the handling of data enrichment processes. However, the PS951 Type I certification does bring concrete benefits for customers:
Verifiable quality: Customers receive independent, audited proof of the quality of our data enrichment processes. This supports internal compliance and documentation requirements.
Reliability: The certification confirms that our data enrichments are based on consistent, standardized processes.
Transparency: The complete audit report is available and can be viewed or forwarded to internal or external audit bodies if required.
Our certified data enrichments: Value, Risk, Energy
With the PS951 Type I certified data enrichment processes, we offer a scalable solution for the automated valuation of large real estate portfolios. Based on the minimum input data provided, our calculation engine delivers precise evaluations.
We will be happy to talk to you personally and show you specific use cases for your requirements.
Contact us and find out how certified data enrichment processes can support your business processes.
