The oak-panelled setting of historic Toynbee Hall provided the venue for the 2024 Datactics Summit, which this year carried a theme of ‘Data-Driven Return on Investment.’

Attendees gathered for guest speaker slots covering:

• Danske Bank UK’s Lyndsay Shields presenting a ‘Data Management Playbook’ covering the experiences of beginning with a regulatory-driven change for FSCS compliance, through to broader internal evangelisation on the benefits of better data;

• Datactics’ own data engineer, Eugene Coakley, in a lively discussion on the data driving sport, drawing from his past career as a professional athlete and Olympic rower with Team Ireland;

• and Renfrewshire HSCP’s Bobby McClung explaining how automation and the saving of person-hours or even days in data remediation was having a material impact on the level of care the organsation is now able to deliver to citizens making use of its critical services.

The Datactics Customer Awards in full

In recent months, the team at Datactics has worked to identify notable achievements in data in the past year. Matt Flenley, Head of Marketing at Datactics, presented each with a specific citation, quoted below.

Data Culture Champion of the Year – Lyndsay Shields, Danske Bank UK

“We’re delighted to be presenting Lyndsay with this award. As one of our longest-standing customers, Lyndsay has worked tirelessly to embed a positive data culture at Danske Bank UK. Her work in driving the data team has helped inform and guide data policy at group level, bringing up the standard of data management across Danske Bank.

“Today’s launch of the Playbook serves to showcase the work Lyndsay and her team have put into driving the culture at Danske Bank UK, and the wider culture across Danske Bank.”

Data-Driven Social Impact Award – Renfrewshire Health and Social Care Partnership

“Through targeted use of automation, Renfrewshire Health and Social Care Partnership has been able to make a material difference to the operational costs of local government care provision.

“Joe Deary’s early vision and enthusiasm for the programme, and the drive of the team under and alongside Bobby, has effectively connected data automation to societally-beneficial outcomes.”

Data Strategy Leader of the Year – RBC Brewin Dolphin

“RBC Brewin Dolphin undertook a holistic data review towards the end of 2023, culminating in a set of proposals to create a rationalised data quality estate. The firm twinned data this strategy with technology innovation including being early adopters of ADQ from Datactics. They overcame some sizeable hurdles, notably supporting Datactics in our early stages of deployment. Their commitment to being an ambitious, creative partner makes them stand out.

“At Datactics we’re delighted to be giving the team this award and would also like to thank them for being exemplars of patience in the way they have worked with us this year in particular.”

Datactics Award for Partner of the Year – Solidatus

“Solidatus and Datactics have been partnered for the last two years but it’s really in 2023-2024 that this partnership took off.

“Ever since we jointly supported Maybank, in Malaysia, in their data quality and data lineage programme, we have worked together on joint bids and supported one another in helping customers choose the ‘best of breed’ option in procuring data management technology. We look forward to our next engagements!”

Datactics Data Champion of the Year – NHSBSA

“For all the efforts Tony, Nick and team have made to spread the word about doing more with data, we’d like to recognize NHS Business Services Authority with our Datactics Data Champion of the Year award.

“As well as their advocacy for our platform, applying it to identify opportunities for cost savings and efficiencies across the NHS, the team has regularly presented their work to other Government departments and acted as a reference client on multiple occasions. Their continued commitment to the centrality of data as a business resource is why they’re our final champions this year, the Datactics Data Champion 2024.”

Gallery of Winners

Toasting success at Potter & Reid

The event closed with its traditional visit to Shoreditch hot spot Potter & Reid. Over hand-picked canapés and sparkling drinks, attendees networked and mingled to share in the award winners’ achievements in demonstrating what data-driven culture and return on investment looks like in practice. Keep an eye out for a taster video from this year’s event!

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We are delighted to be involved with AI Con this year again. This year, Courtney Lewis, Presales Engineer, and Daniel Browne, Machine Learning Engineer will be discussing Machine Learning Augmentation.

The north’s premier conference on artificial intelligence, AI Con returns to face-to-face business this year with a hybrid event on Friday 3 December.

As the adoption of AI expands into all areas of our lives, and the business and societal opportunities and challenges become ever more apparent, this ground-breaking conference addresses core issues of the technology for a range of audiences: general, business and specialist.

The event, which is now in its third year, brings together world-leading technology professionals and business leaders to examine how AI is changing our world and the opportunities and challenges that presents.

In-person attendance will take place at Titanic Belfast and will feature some of the top figures in the field, with other leading professionals streaming in from across the globe.

The themes from this year’s event, which hosted 450 attendees in its first year and 800 at the virtual event last year, include:

– Applied AI: Targeted primarily at a general audience, Applied AI looks at existing, mature technology that can be deployed today and examines case studies on where these are adding value and inspiration for people and their organisations to start their own AI investigations.

Chaired by Kathryn Harkin of Allstate NI, Rachael Bland of Kainos, and Sam Beni of Tech Nation

– Business of AI: Designed for a business audience, Business of AI looks at how AI can challenge existing business models, create entirely new ones and debates what “AI Startups” need to know in this burgeoning space.

Chaired by Alexandra Mousavizadeh of Tortoise Media and Tom Gray of Kainos.

Attendees are asked to note that strict Covid precautions will be in operation at the in-person event which will be limited to 200 people. Attendees must be double vaccinated and proof of vaccination will be required for entry.

The full programme is available online here.

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We’re delighted to have been selected to join a virtual roadshow to the US: DIT’s RegTech Roadshow.

We will be joined by innovative regulatory technology companies such as: Acin AMPLYFI, AutoRek, ComplyAdvantage, Finreg-E, FNA, Solidatus, Suade Labs, and TAINA Technology Limited.

This roadshow will provide this group of leading UK RegTechs with the opportunity to meet directly with US corporate innovation and compliance teams, receive guidance and training from DIT partners on how to set up and grow a physical presence, and hear from industry experts including regulators about the key challenges facing the US market and how their technology can help solve them.

If you would like to get in touch, please reach out to Kieran Buchanan or Matt Flenley who will introduce you to our US-based case studies within the Financial Services sector and help you understand where Datactics brings value.

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Datactics is a part of the cohort of companies joining the DIT Virtual RegTech themed roadshow this week.

The DIT’s RegTech Roadshow takes place virtually with the aim of providing ten innovative UK-based RegTech companies with the opportunity to meet industry stakeholders, regulators and potential partners. 

Datactics will be visiting New York virtually alongside Acin AMPLYFI, AutoRek, ComplyAdvantage, Finreg-E, FNA, Solidatus, Suade Labs, and TAINA Technology Limited. The delegation this year is one of the most diverse ever, with representation from every region across the UK, including three female-founded companies! On top of this, the delegation has serviced nearly every Tier 1-2 financial institution and raised a staggering $100 million in funding combined. Finally, each of the 10 companies offers a unique solution built to help firms conduct their business safer, easier, and more equitably.  

We thought we would sit down with Kieran Buchanan, Business Development Executive at Datactics, to find out more about the roadshow and why Datactics is delighted to be involved. 

This event being a US RegTech roadshow will have US-based industry stakeholders, regulators and potential partners – this is a market Datactics is keen to establish themselves even further in, isn’t it? 

It is most certainly; I have seen some large banking organisations have a presence at this roadshow so it’s our prerogative to introduce our services as we already have some use cases in the US market. This will allow them to know what we provide in the space of data quality and the data management infrastructure as a whole. US is a significant market bursting with opportunities to invest time and effort into. 

What conversations do you hope to have with the industry stakeholders, regulators, and potential partners? 

There are a lot of innovation-based attendees so I think there will be a natural introduction to who Datactics is and how we can bring value. We’re particularly looking forward to demonstrate how our solution will help organisations that are keen to develop a good data quality culture. Our Self-Service Data Quality (SSDQ) platform will be fantastic for those organisations that want to get ahead of the curve by ensuring they have the proper building blocks in place when it comes to the quality of their valuable data assets.

Throughout the week, what would be the best way for attendees to get in touch with you? 

I have a meeting set up on the platform, Meetaway, so I’ll be contactable via video call using that platform. My profile is on there, fully populated! You can also get in touch with me via email: kieran.buchanan@datactics.com and of course, via LinkedIn.  

There are some great panel talks happening this week! Are there any talks you are keen to go to? 

There’s a talk on the topic of the future of financial services, Regtech and Compliance which I am keen to attend. Another interesting talk would be ‘How US regulators are adapting to new technologies‘ as it reflects the work we do with SSDQ. We are currently helping business users at financial services organisations get their data right for a wide range of regulatory reports, whether that be BCBS 239 or MiFID II, or country-specific deposit guarantee scheme reporting.

If you are attending the event, feel free to reach out Kieran at any time, via email, LinkedIn or Meetaway.

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Belfast-based Regtech company Datactics, a leading data quality software provider to global financial services firms, has been selected by the UK Government’s Department for International Trade (DIT) to showcase the best in British innovation during a US roadshow.

The DIT’s RegTech Roadshow takes place virtually 22-26 February 2021.

It will provide ten innovative UK-based regulatory technology companies with the opportunity to meet industry stakeholders, regulators and potential partners. They will also receive guidance and training from DIT partners on how to set up and grow a physical presence and hear from experts on the key challenges facing the US market and how their technology can help solve them.

Datactics was selected following a highly competitive recruitment process. To qualify for the roadshow, each company had to meet the following criteria set by DIT: 10 or more employees, a minimum annual turnover of £1 million, an enterprise-ready solution, and an existing base of clients in the UK and US markets. The companies selected have all achieved great success both domestically and globally, cultivating a strong international client base and achieving a reputation of excellence in helping revolutionize the way the financial services industry manage risk, compliance, and regulatory change. The cohort represents diversity and female leadership within the UK industry, with each firm offering a unique and innovative solution that is revolutionizing regulation compliance and all the companies combined service nearly every Tier 1 and Tier 2 financial institution.

Kunal Khatri, Director for DIT North America, said:

The UK has been at the heart of the global financial services innovation for decades, and in 2021 we will continue to lead the global FinTech and RegTech revolution. We’re excited to showcase the talent and expertise that UK companies have to offer. This roadshow is a great opportunity to deepen our bilateral engagement on financial services with the US and encourage private sector collaboration to make the world a safer, easier, and more equitable place to do business.

Commenting on the selection, Stuart Harvey, Datactics CEO, said:

This is a great opportunity for Datactics to showcase our best-in-breed data quality and matching solutions to the US financial market. We have proven success in the UK and Europe and already work with clients in the US. We are looking forward to helping financial institutions transform their data-driven business, manage risk and regulatory compliance.

The UK leads in the field of regulatory innovation thanks to its high concentration of financial services firms and the institution of the Financial Conduct Authority’s regulatory sandbox. British RegTechs are well-positioned to add value and help revolutionise the way US companies approach compliance.

In addition to the 10 companies, DIT is excited to welcome media partners and advisers who helped to develop the program, including the A-Team Group’s RegTech Insights, and the COMPLY Conference, host of one of the largest RegTech industry events in the US.

For other news and awards about Datactics please read this page. Alternatively, you can contact us by clicking here.

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We’re delighted to announce that we’ve been featured in the RegTech 100 for the first time. This comes on the back of some exciting work in AI-enabled data quality for KYC and AML and award-winning implementations in regulatory compliance in both the UK and mainland Europe.

Matt Flenley heads up Marketing at Datactics.

This is great news, because the firms we see listed alongside us are all involved in pretty cutting-edge projects which all help to make the financial industry more transparent and protect consumers and markets. It’s extremely rewarding to achieve the status of being recognised as innovators in this sector, by designing solutions that put regulatory technology in the hands of business, risk and compliance specialists. Thanks to all at RegTech Analyst and Fintech Global for their work in compiling the list from all the applications.

About the RegTech 100

The 2021 RegTech100 is launched today by specialist research firm RegTech Analyst.

The prestigious list recognizes the world’s most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services.

The RegTech (regulatory technology) industry has experienced huge growth in the last few years as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $5bn has been invested in RegTech companies so far in 2020, according to data published by RegTech Analyst, as the compliance challenges have only been exacerbated by the shift to remote work during Covid-19.

As a result, this year’s process to identify the 100 RegTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,000 companies produced by RegTech Analyst. Sixty-two new companies entered the RegTech100 for 2021 and the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the compliance function.

RegTech Analyst director of research Mariyan Dimitrov said, “Banks and other financial institutions need to be aware of the latest RegTech innovation in the market in order to avoid new compliance risks and stay competitive despite new regulations around customer onboarding and remote communication post Covid-19. The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and reporting.”

A full list of the RegTech100 can be found at www.RegTech100.com. More detailed information about the companies is available to download for free on the website.

About Datactics

Datactics specialises in self-service data quality and matching software designed for non-technical business users in financial services firms. The platform helps to eliminate roadblocks common in data management where firms are overly reliant on IT to interpret and hard-code rules into core systems.  

Solutions ensure compliance with data-driven financial regulations; deliver a true “single customer view”; and increase the accuracy, and reduce the cost, of AML & KYC functions.   

For more information go to www.datactics.com or get in touch with the team today.

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We are delighted that our very own Fiona Browne has helped to co-curate AI CON 2020. 

The second annual AI CON is taking place virtually on Thursday 3rd and Friday 4th December and will be hosted by Kainos and Aisling Events as per last year. This year’s event will be recorded live from the AI CON studio in Belfast over two days.  The event will bring together world-leading technology professionals and business leaders to discuss and examine how AI is continuing to change our world. This year’s gathering will discuss: 

• AI ML in Fintech 

• AI in the Public Sector 

• Impact of AI on Society, Arts, and Culture 

• Applied AI/Supporting AI Startups 

• AI Research and Innovation 

• AI in the Screen Industries 

AI CON will once again be a brilliant opportunity to listen and engage with professionals that range from developers to business leaders, who have led on adopting AI as a tool to build better services, products, or business operations.  

The conference is free to attend but delegates must register ahead of time. 

Find us on Linkedin, Twitter, or Facebook for the latest news or click here to contact us. 

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Hi Alex, maybe you can start us off by telling us how you got involved in Technology in the first place?

I’ve always been curious about how things work. After school, I began by studying a BSc Hons in Physics at Queens University Belfast before heading on to an M. Phil in Astrophysics. But astrophysics is not all looking through telescopes! It is mostly crunching and analysing huge amounts of data. It was this that sparked my interest in IT, and the reason why I wanted to pursue a career in Software Development. I did realise that as I progressed, I naturally fell into a technical business rolem where I could translate the business problems into technical solutions, and technical challenges into business and operational impacts.

I felt like I enjoyed the communication element of software development rather than being a software developer myself. Although I am by no means an extrovert, I was keen to become the communicator between the software development team and the key decision-makers. The role has become increasingly important. (although I do occasionally like to get my hands dirty with code!).

Tell us Alex, what do you enjoy most about working within technology?

It has to be the ability that technology has to make a difference to society. That is one of the reasons I was attracted to Datactics in the first place.  The areas I am particularly interested in are data quality and its impact on business and society; responsible use of AI; and making sense of the myriad of rapidly evolving data technologies that we’re bombarded with today.

What would you say is your biggest achievement?

Personally, my biggest achievement is transitioning from a scientific background to entering the dynamic world of software development and commercial technology.  Although it was a childhood dream to be a scientist, I had to concede that I was not cut out for academia and my strengths were more aligned with business.  As someone who wants to make a difference, I particularly enjoyed working on our RegMetrics, AML and LEI matching products, each of which contributes to a safer banking system in its own way.

What is the topic you’re most passionate about, Alex?

I’ve recently become very interested in the application of AI. Both in terms of the enhanced functionality for Datactics products, and in the wider ethical challenges that AI presents when implemented in policing, government and financial services.

I really enjoy writing blog pieces and contributing to webinars. But I always relish the opportunity to write something that demystifies technology hype or has a concrete pragmatic angle!

As many data professionals will know, many AI projects fail to make the crucial transition from experiment to production, for a wide range of reasons. On that point, I have recently compiled a piece that addresses the 3 pillars of production AI.

In this piece, I unpacked many cases, These include the triple investment of money, training and the time being deemed too big of a risk to take. Specifically, some core features such as explainability (XAI) that I believe will be essential to ensure production AI solutions adhere to best practices and potentially, to comply with future regulations.

If you want to read more from Alex feel free to check out his most recent article here. You can also follow Alex on LinkedIn.

Alex Brown is the Chief Technology Officer at Datactics. Prior to this role, he was the former Head of Dart Development at Vela (previously known as SR Labs). Additionally, he was a Market Data Technical Consultant at NYSE Euronext. On top of this, Alex has a combined total of 15 years’ experience within the software development and technical innovation sectors.

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