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Why You Should Read The European Banking Authority Report on AI and Big Data

13 February 2020

    You might have missed this highly informative report from the European Banking Authority (EBA)  – because the title didn’t contain the popular buzzwords of Artificial Intelligence – AI or Machine Learning – ML (nor does the front cover have a picture of a robot!). But for anyone who is trying to understand the challenges ahead for …Read More

5AMLD & Data Quality: New Regulation, Same Problems?

27 January 2020

With the EU’s fifth Anti-Money Laundering directive (5AMLD) having gone live on the 10th January, Matt Flenley took some time with Alex Brown, CTO at Datactics, to find out what implications there are when it comes to data quality. Firstly, what do you think are the biggest impacts for firms? Naturally we’re going to focus …Read More

How Datactics helps Santa with his Data Quality Issues

19 December 2019

  Yes of course Santa has data quality issues! Everyone has data quality issues. In this article we outline how Datactics software can help Santa improve the efficiency of his pre-Christmas operations and have a stress free Christmas Eve delivery and a relaxing Christmas Day.   Data Quality Firewall, REST API, Data Quality Remediation Datactics …Read More

Multi-Language matching in Japanese, Chinese, Russian, Arabic and all non-Latin data sets

25 October 2019

Here at Datactics we’ve recently done a number of Multi-Language matching tasks helping people with Japanese, Russian Cyrillic and Arabic data sets. Multi-language matching can seem challenging, especially when presented with text that you don’t understand, but with the right techniques a lot can be achieved – the key is to really understand the problem …Read More

Top 5s Just In: Money 20/20 Europe

20 June 2019

Money 20/20 Europe: Matt’s Snap Judgement     Fresh from landing back in Belfast, Matt Flenley takes some time to reflect on the five major things he thinks about Europe’s self-proclaimed largest fintech event…     1. Money 20/20 needs more banks to engage fintechs at the event, and for app usage to be a …Read More

Par Equity Leads Investment in Datactics

14 May 2019

  Belfast, London, New York, Brussels, Milan, 14th May 2019   Scottish investment firm co-ordinates £1.2m round with involvement from Par Syndicate, the Par EIS fund and Kernel Capital.   We are pleased to announce the closing of a £1.2m round of investment led by Par Equity, the Edinburgh investment fund, marking the completion of …Read More

Datactics releases free Sanctions Matching Engine for AML & KYC

20 March 2019

Cloud-based tool cross-references against combined OFAC, EU and UK sanctions lists Belfast, London, New York, Brussels, Milan, 21st March 2019 In the latest demonstration of its powerful data matching capabilities, Belfast-based “RegTech” provider Datactics is today releasing a scalable, fast, fuzzy-matching tool to help AML teams with time-consuming sanctions screening work. This free, limited-use service …Read More

Datactics LEI Match Engine Now Includes SWIFT BIC!

30 July 2018

We are pleased to announce that the latest version of the Datactics LEI Match Engine and health check now includes matching fuzzy matching of entity name to SWIFT BIC code. The SWIFT BIC data is provided by the GLEIF open source SWIFT to LEI mapping that was introduced in February this year. This latest change helps underline that the …Read More

You Are What You Eat

6 February 2018

Congratulations, blog fans! We’ve made it to the end (well almost, you have to read this one first). Now, if you’ve ever worked with or for a bank you’ll know that over the years that bank will have collected a lot of data. Loads of it. An amount I believe is scientifically referred to as …Read More

Ok, Data: It’s Couch To 5K Time

24 January 2018

As promised in the first blog on the topic, we’re taking a look at achievable New Year’s resolutions that are within reach, whether you’re a Chief Data Officer overseeing broad strategy or a subject matter expert using data day-to-day. This part takes “I need to exercise more” and turns it into “I need my data ready to deliver …Read More

Regrets, I’ve Had A Few

8 January 2018

As the last, empty box of chocolates goes into the (recycling) bin and the famous January Blue Monday slopes into view after the Season of Goodwill, it can often bring with it its unwelcome extra baggage: guilt! Many of us attempt to remedy this through some timely New Year’s Resolutions that tend to revolve around the following …Read More

Part 4: Making Data Governance deliver real-world results

9 June 2017

A few years ago, Heineken broadcast a classic Elephant-in-the-room advert where various groups of utility construction workers all agree to carry out their work at the same time, to “save digging up the road again and causing the public more inconvenience.”   It’s probably the dream of every road-weary traveller encountering another set of roadworks …Read More

Part 3: Off-the-shelf versus do-it-yourself

18 May 2017

The 1970 space mission Apollo 13 famously featured one of the finest pieces of patched-together engineering ever seen on or indeed above this planet: making a square peg fit a round hole. In Houston, legions of expert NASA engineers worked alongside the reserve crew to improvise a way of fitting a square type of carbon …Read More

Part 2: Self-service data improvement is the route to better data quality

10 May 2017

It’s easy to say that planning a journey has been made far simpler since the introduction of live traffic information to navigation apps. You can now either get there faster, or at the very least phone ahead to explain how long you’ll be delayed. It’s just as easy to say that we wouldn’t think of ignoring …Read More

Part 1: What is driving the need for data quality metrics in retail banking?

4 May 2017

A little under two weeks ago the London Marathon presented a titanic challenge that has long dominated the human psyche: the will to finish, to get over the line, to win. The official app contained a feature to help friends, family and supporters locate their chosen runner by name or vest number, and so track …Read More

Whitepaper: Achieving Regulatory Compliance by improving Data Quality

22 February 2017

Are you a Chief Data Officer, Chief Risk Officer or C-level executive that strives to achieve regulatory compliance for bank’s data? Recent financial regulations and directives such as BCBS 239 are driving banks to get to grips with data quality. This involves measuring large volumes of entity, risk and vendor data in order to report on quality …Read More

Announcing DQM v2016.11.29

15 December 2016

Datactics have released Data Quality Manager (DQM) v2016.11.29 featuring a significant performance enhancement: Parallel Item Execution. Building on new the “directed acyclic graph¹” functionality, DQM will now automatically analyse dependencies of related item nodes and give users the option of executing, in parallel, any nodes that can be executed independently of other nodes. This parallel item execution can dramatically speed …Read More

Announcing DQM v2016.11.09

10 November 2016

Datactics is happy to announce release v2016.11.09 of Data Quality Manager (DQM) with some exciting new features: Replaced sequential daisy chaining of solution items with parallel processing and branching in a tree-like fashion (although strictly speaking it’s not a tree – it’s a “directed acyclic graph¹”! Added custom tables to allow users to create their …Read More

New Solutions Page

4 September 2016

We are very happy to announce our new Solutions page (www.datactics.com/solutions)! Datactics software is extremely versatile and solves many problems across many industry verticals. We have now created a range of ‘shrink wrapped’ solutions to specific industry problems built on the Datactics platform of FlowDesigner and DQM. These solutions can be used “off the shelf” or adapted to …Read More

Announcing DQM v2016.07.26

3 August 2016

Datactics is happy to announce release v2016.07.26 of Data Quality Manager (DQM) with many new features, most notably: FlowDesigner projects are parameterizable – users can now have DQM modify FlowDesigner project properties. Client archive import and export making it easy to transfers DQM solutions and projects between servers –  users can now archive a complete …Read More

Announcing DQM version v2016.06.13

20 June 2016

Datactics is happy to announce release v2016.06.13 of Data Quality Manager (DQM) with several new features, most notably execution filters which give users the ability to add conditional logic for the execution of items in DQM.

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