Banking

How can banks arm themselves against increasing regulatory and technological complexity? – FinTech Finance

Banks

Datactics Head of Artificial Intelligence, Dr. Fiona Browne, recently contributed to the episode of FinTech Finance: Virtual Arena. Steered by Douglas MacKenzie, the interview covered the extent of the Anti-Money Laundering (AML) fines currently faced by banks over the last number of years and start to unpack what we do at Datactics in relation to …

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All things AML and FinTech Finance: Virtual Arena – weekly round-up

AML

We started by looking at why data matching is a key part of any AML & KYC process. It’s made more complex by the different standards, languages, and levels of quality in the different data sources on which firms typically rely on. It’s expensive too: a recent Refinitiv article states that some firms are spending up to …

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EDM Talks: Lifting the lid on the problems that Datactics solves

problems

Recently we partnered with the EDM Council on a video that investigates the application of AI to data quality and matching. In this blog, we lift the lid on how our AI team is developing solutions to help our clients, especially in the area of entity matching and resolution. This plays an important role in on-boarding, KYC and obtaining a single customer view. …

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Introducing SSDQ: Centralise and standardise data quality processes without programming or coding

SSDQ

What does the self-service data quality (SSDQ) platform do?   It empowers data owners and SMEs to measure and maintain data quality themselves in line with governance policies.  SSDQ is already adding value at multiple investment and retail banks, wealth managers, and data vendors helping them to:  Achieve end-to-end holistic data quality management   Measure data against industry-standard dimensions and regulations   Empower data stewards / …

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Datactics contributes to Bank of England and FCA’s AI Public-Private Forum

AI Public-Private Forum

Belfast, London, New York, 12th October 2020 Datactics is pleased to announce that its Head of AI, Dr Fiona Browne, has been invited to participate in the Artificial Intelligence Public-Private Forum, joining 20 other experts from across the financial technology sectors as well as academia, along with the observers from the Information Commissioner’s Office and …

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Facing Down Practical Challenges of a Data Management Programme

child contemplates a staircase

“Nobody said it was easy” sang Chris Martin, in Coldplay’s love song from a scientist to the girl he was neglecting. The same could be said of data scientists embarking on a data management programme! In his previous blog on Good Data Culture, our Head of Client Services, Luca Rovesti, discussed taking first steps on …

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Dataset Labelling For Entity Resolution & Beyond with Dr Raghad Al-Shabandar

balance, inspiration, motivation

In late 2019 our Head of AI, Dr Fiona Browne, delivered a series of talks to the Enterprise Data Management Council on AI-Enabled Data Quality in the context of AML operations, specifically for resolving differences in dataset labelling for legal entity data. In this blog post, her colleague Dr Raghad Al-Shabandar goes under the hood …

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Why you should read the European Banking Authority report on AI and Big Data

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 AI and …

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How Datactics helps Santa with his Data Quality issues

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 provides a …

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

Here at Datactics, we’ve recently done a number of Transliteration matching tasks helping people with Japanese, Russian Cyrillic and Arabic data sets. Transliteration 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 …

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Datactics LEI Match Engine now includes SWIFT BIC!

SWIFT Financial Services

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 LEI …

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Free LEI validation and matching tool launches today!

Rocket launch

Keep your LEIs valid and up-to-date with the new, free, LEI Match Engine health-checking service from Datactics Datactics is today launching its free Legal Entity Identifier (LEI) health check service. The service, based on bulk data published daily by the Global LEI Foundation (GLEIF), will allow a financial firm to easily compare and augment its …

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Ok, data: it’s couch to 5K time

Couch

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, regulations (GDPR Compliance anyone?) are looming. This part takes “I need to exercise more” and turns it into …

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Danske Bank selects Datactics self-service data quality for regulatory compliance

Danske Bank

New contract delivers optimised single customer view and aids compliance with Financial Services Compensation Scheme (FSCS) Belfast, Dublin, London, January 2018 – Following a highly successful Proof of Concept, Danske Bank UK has chosen Datactics’ award-winning data quality software tools to deliver enhancements to its single customer view processes for customers in Northern Ireland. Note: …

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