Hyundai Capital Obtains 'A Grade' in Data Quality Certification from Ministry of Science and ICT

Global Standard Platform Data 177.4 Billion Records

Hyundai Capital announced on the 29th that it has become the first company in the financial industry to receive an A-grade data quality certification from 'Computer Assurance Service (CAS),' a data quality certification body designated by the Ministry of Science and ICT.

Data quality certification is evaluated based on indicators such as completeness, validity, consistency, accuracy, accessibility, and uniqueness of data in accordance with Article 20 of the Data Industry Act. Certifications are awarded as A-grade (99%), B-grade (97%), and C-grade (95%) according to the conformity rate (the compliance rate with data quality standards).

[Photo by Hyundai Capital]

Hyundai Capital received an A-grade for 177.4 billion data records from the global standard platform (G-Core). This next-generation global financial system integrates the management of automotive financial products and personal, corporate, and housing-related financial products, handling all data related to business activities such as customer consultation, loan screening, bond, risk, and accounting management. It also provides various analytical data to offer optimal services to consumers.

The platform was established in Korea in 2016 and has since been adopted by subsidiaries in the United States and China. Because it can be applied to operations immediately upon the establishment of new overseas subsidiaries, it reduces the time and cost required for IT system construction and enables early stabilization of business activities.

Jeon Boseong, Head of IT at Hyundai Capital, stated, “This certification is significant as it recognizes the excellence of data quality and quality management, which are essential capabilities for global companies. Based on highly reliable data, we will further strengthen our global competitiveness by providing optimal products and services to customers worldwide.”

Meanwhile, Hyundai Capital is building a sophisticated data quality management system by enhancing real-time ‘transaction tracking monitoring,’ ‘service early warning’ to detect and prevent risks in advance, and a ‘business continuity’ system that ensures core operations can continue even in emergencies.

This content was produced with the assistance of AI translation services.