Datactics has won ‘Best Data Quality Analysis Tool’ at A-Team Group’s Data Management Insight Awards 2022 for its innovative Self Service Data Quality (SSDQ) platform. The awards, now in their tenth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants within Europe. This is the fourth consecutive year that Datactics has been recognised for its business user focused technology, as voted for by their customers.  

Stuart Harvey, CEO at Datactics, commented that, 

“We’re really pleased that we have received recognition for being an industry-leading data quality solution provider. Winning this award reflects our ongoing investment in our AI driven capabilities in order to provide our customers with greater automation of data quality tasks, including data cleansing, profiling and matching.  

“It’s brilliant to be nominated amongst best-in-class data quality solutions and we’d like to thank all those who voted for us. We look forward to further developing our Self Service Data Quality product offering in 2023 as an indispensable partner to our clients’ data quality ambitions.” 

Angela Wilbraham, CEO at A-Team Group and host of the Data Management Insight Awards Europe 2022, commented: “These awards recognise leading providers of data management solutions, services and consultancy to capital markets participants in Europe.  Many congratulations to Datactics for winning Best Data Quality Analysis Tool, they should be deservedly proud of their achievement in a closely fought and highly competitive contest.” 

About Datactics:  

Datactics provides business user-focused, no-code data quality and matching tools helping financial firms gain value from their data and reduce regulatory risk. Its award-winning platform integrates with multiple data sources, governance, and lineage systems with intelligent automation. It allows Chief Data Officers and senior data leaders to measure, report and fix their data, and match across multiple internal and external sources and systems. Using AI, the platform significantly reduces the manual effort required to make decisions, with full transparency. For more information or to book a demo please contact us.  

For more information on how Datactics’ Self-Service Data Quality platform can add value to your business please contact Kieran Seaward.  

And for more from Datactics, find us on Linkedin, Twitter or Facebook. 

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Datactics provides AI-augmented self-service data quality and matching software, empowering CDOs, CIOs and data leaders to rapidly measure, match, report and fix data assets. Solutions are data-agnostic and offer interoperability with data lineage, governance and metadata management tools, especially critical in the deployment of data fabric and data mesh architectures.  

According to Gartner, “Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.”

Stuart Harvey, CEO comments that,

“We’re delighted to be recognised in Gartner Magic Quadrant for Data Quality Solutions 2022. In the last year, we’ve invested in expanding our development and ML teams, which has enabled us to enhance our product roadmap with AI driven capabilities and provide further automation for our customers.

At Datactics, we’re proud to be a ‘best of breed’ solution. However, we recognise the need to be interoperable with other data management tools and therefore have prioritised data integration and strategic partnerships with other leading lineage and catalog vendors as a key element of our delivery process in the last twelve months. Through an abundance of connectivity options available in the Datactics platform, we can integrate with existing systems and vendors in order to make it easier for businesses to establish a sustainable Data Fabric and deliver ready-to-use data throughout the enterprise.”

Download a complimentary copy of the Magic Quadrant report to learn more about Datactics Self-Service Data Quality platform here.

Gartner disclaimer

Gartner, Magic Quadrant for Data Quality Solutions, Ankush Jain, Melody Chien, 1 November 2022.

GARTNER and MAGIC QUADRANT are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Datactics

Datactics, a leading and innovative provider of solutions in the data quality solutions market is headquartered in Belfast and offers expertise worldwide. Learn more information at https://www.datactics.com/.

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We are pleased to announce that Datactics has been selected as one of 22 UK Tech scale-ups for Tech Nation International Growth Programme into SEA and Australia. 

Tech Nation, the UK’s leading growth platform for tech scaleups, announces the 22 companies selected to join the second iteration of the International Growth Programme, made up of two cohorts, one focused on expansion into Southeast Asia and the other to Australia. The Southeast Asia programme is in partnership with Plug and Play, a global innovation platform headquartered in Silicon Valley. 

The four-month programme forms part of the UK Government’s export strategy for the tech sector and was created to accelerate the growth of the UK’s best tech scaleups into international markets. It also seeks to strengthen connections across the digital economy globally, ultimately creating jobs and economic growth both in the UK and internationally. 

The second cohort includes BankiFi, ChAI, Dyad, The Leadership Network, Heteronomics, Oxford Immune Algorithmics Ltd, PriceBeam, SquareBook, Wolf & Badger and Yoello. 

This programme will provide the opportunity for Datactics to establish relationships with prospects and partners in South East Asia as well as getting valuable market insight to support our expansion. 
 
We are delighted to be a part of this programme. 

Matt Flenley, Head of Marketing said: 

“Since 2020, when we first started working with Tech Nation, we’ve been extremely encouraged by the quality of their approach to helping UK businesses flourish on an international stage. This programme will support our work in securing further opportunities in SE Asia, engaging banks and delivery partners tasked with solving the tricky problem of getting their data right for digital transformation.” 

More about the Tech Nation International Growth Programme into SEA and Australia here.  

Press contact: Jamie Gordon 

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Datactics has once again been named as one of the fastest-growing tech companies in Deloitte’s annual rankings of firms on the island of Ireland. The ranking is based on revenue growth from 2017 to 2021, and this year saw Datactics finish 25^th, backed by strong financial performance and demand for its pure-play data quality solutions. 

The year also saw Datactics secure a £2m investment round, led by Par Equity, and grow to 60 employees – the majority of whom are based in the firm’s Belfast HQ. 

“We are really pleased at this news, coming after nearly two extremely unexpected years for everyone” said Matt Flenley, Head of Marketing at Datactics. “This year’s result is fuelled by a combination of factors driving growth right now. Firstly, we’re seeing many firms investing in digital transformation, which is underpinned by getting the data right. This is leading us into lots more opportunities to demonstrate how we’re the perfect partner for just that problem. 

“Secondly, approaches to data management strategies are being reimagined across a broad range of sectors, especially within sub-sectors of financial services. For example, senior data leaders in insurance aren’t simply looking for one IT-led platform to deliver their data governance strategy. They are instead choosing to orchestrate across a range of business-user-focused solutions, from lineage to catalogs and, of course, in the area of data quality. 

“We’d like to thank Deloitte Ireland for the work they’ve put into compiling this ranking, and for an extremely professional awards ceremony!” 

The Deloitte Fast 50 certificate is in prime position presented proudly in our Belfast Head Quarters. We would like to take this opportunity to say well done to all at Datactics again, especially those innovative tech folk who put in so many hours of development work on our Self Service Data Quality platform. We have seen huge growth this past year and we are looking forward to seeing what the next year at Datactics looks like.

And for more from Datactics, find us on Linkedin, Twitter, or Facebook.

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Datactics has won ‘Best Data Management Solution for Sell-Side Regulatory Compliance’ at the  RegTech Insight Awards USA – 2021.

The RegTech Insight Awards USA recognise established solution providers and innovative newcomers, celebrating RegTech solutions that have successfully improved firms’ ability to respond to the evolving and increasingly complex regulatory requirements across the global financial services industry.  

The awards are designed to celebrate RegTech providers who are developing new and innovate solutions for their clients, in order to overcome a wide range of regulatory challenges, with a specific focus on Data Management, Trading Technology, RegTech and ESG suppliers. Nominations are invited from across the industry for consideration by the A-Team’s advisory panel and team of editors. 

Head of Sales, Kieran Seaward said, 

“We are delighted to have won this award, particularly during a time where regulatory compliance has never been greater in light of the Pandemic. The regulatory reporting landscape is growing increasingly complex and demanding across the global financial services sector. In our experience, clients benefit from developing robust data management programmes from the ground up, in order to adapt and comply with changing regulations and standards.  

“Our solution takes the headache out of being able to measure and report on emerging and specific regulations, with its no-code functionality and pre-built rules for regulations including IFRS 9 and BCBS 239 for financial services.  

“We would like to thank our clients and A-Team’s readers for voting for us as we continue to innovate and deploy new market solutions to our wealth and asset management customers” 

Angela Wilbraham, CEO of A-Team Group, which hosts the prestigious RegTech Insight Awards USA said,  

“We are delighted that our RegTech Insight community of over 35,000 senior regtech specialists has voted Datactics as the Best Data Management Solution for Sell-Side Regulatory Compliance in this highly competitive field. Datactics has proven themselves to be deserving winners and we congratulate them on their success.” 

About Datactics 

Datactics provides business user-focused, no-code data quality and matching tools helping financial firms gain value from their data and reduce regulatory risk. Its award-winning platform integrates with multiple data sources, governance, and lineage systems with intelligent automation. It allows Chief Data Officers and senior data leaders to measure, report and fix their data, and match across multiple internal and external sources and systems. Using AI, the platform significantly reduces the manual effort required to make decisions, with full transparency. For more information or to book a demo please contact us. 

And for more from Datactics, find us on Linkedin, Twitter or Facebook.

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Belfast, London, New York, July 14^th 2021 

Data quality software firm Datactics has today announced the hiring of Julian Wavell as Head of Business Development, based in London.  

Julian brings 15 years of data management solutions experience to Datactics from his time at firms including Semarchy, Informatica, and Ataccama.  

“Julian will be a strong asset to our growing team and lead for Datactics on the ground in our home markets” said Stuart Harvey, Datactics CEO. “His background makes him a perfect fit for aligning our financial services focus with our clients’ data management needs, and he joins our existing senior team members, Alex Brown (CTO) and Mick Foster (COO) in being based out of the UK’s capital city. We’re delighted to be welcoming him on the back of our recent round of funding focusing on business expansion.” 

In the last two years alone Datactics has seen a strong increase in uptake for its self-service data quality and matching platform, particularly by Chief Data Officers and other senior data leaders tackling the need to leverage their data assets across a wide range of systems, silos and sources.  

“Datactics has a clear passion for and track record of solving data quality problems for financial services firms” added Wavell. “I am delighted to be leading for the firm in a market where expertise and technology matter in equal amounts.”  

Julian’s appointment means Datactics has now grown to nearly 60, securing international clients in New York and Amsterdam during the past 12 months alongside a £2m investment round.

“We’ve seen many market consolidation moves in data management from large technology, consultancy and Private Equity firms, particularly as companies are seeking to make up for lost ground over the past year” commented Matt Flenley, Head of Marketing at Datactics. “The demand is especially strong in some of our strongest growth sectors such as wealth and asset management, and insurance, where ongoing challenges over digital transformation and the need to truly master the single customer view have never been more relevant.”  

For other news about the growth of Datactics please visit this page. Alternatively, you can contact us by clicking here.

Or find us on Linkedin, Twitter or Facebook.

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New office marks the latest chapter in Datactics’ rapid growth story, following hot on the heels of its recent £2m investment round led by Par Equity.  

Fast-growing Data Quality software specialists Datactics welcomed Simon Hamilton, CEO of Belfast Chamber of Commerce, to open its latest office at One Lanyon Quay, tripling its office space in the landmark building. The new facility will house the tech firm’s Client Services arm supporting Datactics’ global customer base across financial services and the public sector.  

“It’s great to be expanding our space for our staff here in the centre of Belfast,” said Datactics CEO, Stuart Harvey. “Northern Ireland has become an internationally recognised FinTech and RegTech centre of excellence, and we are glad to be working together as a team and growing our staff numbers. We are seeing benefits for our clients and staff as we collaborate and share in the extended and more spacious office.” 

Hamilton has returned to open a new Datactics office for the first time since 2016, when the then 10-strong software firm first moved out of the Titanic Quarter’s Science Park. Now numbering nearly 60 employees, Datactics has built this growth on strong financial performance, which saw it ranked the 17^th fastest growing tech firm in Deloitte Ireland’s Fast50 in 2020. 

“Belfast Chamber is delighted to see an excellent, homegrown business like Datactics expanding its footprint in the city,” said Hamilton. “In these uncertain times, it is reassuring that businesses continue to invest in Belfast and view our city as the ideal place to grow.  At the beginning of the pandemic, many were quick to jump to a conclusion that the office was dead. Whilst working practices may indeed change, having such a great space for the Datactics team to innovate and collaborate here in the heart of Belfast is brilliant to see.  Belfast Chamber strongly believes that Belfast has a bright future as a tech city.  Businesses like Datactics are at the centre of our city’s economic renewal and I wish Stuart and the team all the best as they continue to grow.” 

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.   

About Belfast Chamber – Belfast Chamber has been the voice for business in the city since its inception in 1912. It represents over 500 businesses of all sizes, in all sectors and in all parts of Belfast, focusing on lobbying for, connecting, celebrating and supporting all businesses within the entire city of Belfast.  

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Belfast, London, New York, Tokyo, 30^th March 2021

Datactics is delighted to announce that it has secured a further accolade for the quality of its technology, this time from Bloor Research.

Datactics Self-Service Data Quality (SSDQ) has been awarded the Platinum Mutable Award in the 2021 Report. The award recognises software vendors that enable their clients to deal with data management processes in an intelligent and business-focused way.

Daniel Howard, Senior Analyst (Information Management and DevOps) with Bloor Research said:

“Datactics is a self-service data quality platform that puts significant stock in, and devotes substantial functionality to, the idea of explainable AI and machine learning. As fervent proponents of explainability in AI, we certainly approve.” 

Explaining the typical client use case for its technology and services Datactics CEO (Stuart Harvey) said:

SSDQ allows client subject matter experts to measure, identify and fix data for themselves rather than being reliant on already over-stretched IT teams. As a data quality engine, Datactics co-exists with data governance tools relating to lineage and meta-data. We support our clients in automating data improvement processes that de-duplicate information and leverage the benefits of human-in-the-loop AI to reduce manual effort and improve accuracy

Download your copy of the InBrief article from Bloor Research to find out more. 

For other news about the growth of Datactics please visit this page. Alternatively, you can contact us by clicking here.

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Belfast, London, New York, Tokyo, 10^th March 2021

Datactics is delighted to welcome its two latest recruits, appointed as part of the Graduate to Export programme.

Run by Invest NI, the #GradToExport programme allows graduates to apply for an 18-month programme, part funded by Invest NI, to gain international export experience.

The programme sees graduates start working locally in Northern Ireland for 6 months, getting to know the business and gaining invaluable knowledge into the strategic direction of the business.

The final 12 months of the programme will be spent on placement in the company’s export market, identifying a specific market research project that is aligned to the company’s strategic marketing plan. 

Alongside gaining international experience and introducing a local product to a new market, both of the new appointees will be completing a part-time, fully-funded postgraduate diploma in International Marketing, accredited by Ulster University and the Institute of Export. 

Following an extensive recruitment process with very high-calibre interviewees, Datactics appointed Brendan McCarthy and Michael Lynch to the two roles earlier this month. Their work will focus on banking, insurance and wealth management, with Michael due to spend his time in market exploring opportunities in Japan and Brendan heading Stateside to help support our clients and grow the business in New York. It is hoped that market restrictions will ease so that the graduates will get to spend as much time in the market as possible.

This exciting programme affords rapid-growth companies like Datactics further support in international markets and explore opportunities such as in-market data management partnerships.

Stuart Harvey, CEO at Datactics stated:

We are pleased to work with the Graduate to Export programme. Datactics has shown strong international growth in the last three years and we hope that having Brendan and Michael in-market will accelerate that during 2022.

Steve Harper, Invest NI’s Executive Director of International Trade said:

We are pleased to be able to support the growth of local talent through the second year of our Graduate to Export Programme. Northern Ireland businesses will have the opportunity to utilise the expertise of a local graduate to do extensive research in advance of targeting new markets, with the ultimate aim of increasing their exports. 

Graduates will bring a fresh perspective and be able to maximise the skills they have gained in the course of their degree. They will also benefit from the international business experience and academic mentoring from Ulster University and the Institute of Export and International Trade. It really is a win-win for both.

All at Datactics would like to wish the very best of luck to both Brendan and Michael, with this new, exciting adventure!   

For other news about the growth of Datactics please visit this page. Alternatively, you can contact us by clicking here.

Or find us on Linkedin, Twitter or Facebook.

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We are pleased to announce that we have ranked at number 17 in this year’s Deloitte Technology Fast 50, 13 positions higher than the last year’s edition.

The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country’s 50 fastest-growing technology companies based on revenue growth over the last four years, and this year marks 21 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Commenting on the company’s achievement, Stuart Harvey, Datactics CEO, said,

We are pleased to have improved our ranking in the Deloitte Fast 50. From our base in Belfast, the team has won new clients in London, Amsterdam and New York during 2020 and we’ve maintained our reputation for great customer service and technology innovation.

Cumulatively, the 2020 Fast 50 winners generated approximately €3.3 billion in total annual revenues and employed over 4,600 people in 2019. The average revenue of companies featured in the ranking was approximately €90 million, while the average growth rate of the companies over the last four years was over 400%. Compared with last year, there are 13 new companies on the ranking.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said:

Every year at the Fast 50 Awards, we celebrate the incredible innovation and entrepreneurship displayed by Irish tech companies and the immense contribution they make to our economy. It is inspiring to see the countless examples of companies who, over the last year, have demonstrated resilience, innovated, adapted and thrived in the face of uncertainty and new challenges. We’re delighted to be supporting and recognising these companies through the Fast 50 Technology Awards programme.  Over the last 21 years, the Fast 50 has become the benchmark of success for Irish tech companies.

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 typically heavily 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. 

Datactics is one of 11 firms from Northern Ireland ranked in the top 50 by Deloitte.

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In partnership with specialist trainers Grand Scale, the firm has been using Hubflow’s large meeting space at the Dublin Road facility to plan activities for the new year.

“This training is extremely timely for us,” said Kieran Seaward, Head of Sales:

Declan Mellan, Managing Director of Hubflow, said that their Dublin Road space is set up to support businesses and the types of business-critical activities that will help the economy recover quickly from the damage of COVID.

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.

About Hubflow:

A provider of flexible coworking space & virtual office solutions, offering a hassle-free, dynamic coworking environment with competitive pricing packages, membership flexibility, super-fast Wi-Fi & full business support

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New York, Amsterdam, London, Belfast, December 4^th 2020

Datactics has won the Data Quality Analysis Tool award from A-Team Group for the second year running, closing out a successful 2020 for the Belfast-based software firm which added three major Tier 1 financial clients in New York, Amsterdam and London. 

Stuart Harvey, CEO at Datactics, was delighted to win the title:

We see this award as a thumbs up for the technology and the team. We are seeing strong growth in a demand for self-service technology in relation to data quality. This approach means that broken data is rapidly identified and returned to data stewards for review or automatic remediation. Datactics is now a crucial part of our clients’ data automation workflow and showing a strong return on investment.

Angela Wilbraham, CEO of the A-Team Group, who hosted the Data Management Insight Awards 2020, commented:

Our awards recognise leading providers of data management solutions, services and consultancy to capital markets and Datactics has proven themselves to be worthy winners of this prestigious title. We congratulate Datactics winning the Best Quality Analysis Tool in recognition for the continuing excellence in the data management space.

The final word goes to Kieran Seaward, Head of Sales at Datactics:

We’re delighted to be ending the year on a high. We’ve met the challenge of 2020 head on, securing three major clients in Europe, the UK and the USA on some of their biggest data management programmes to date. As we shared at the recent Data Management Summit, one real-world success story was demonstrated by a client of ours in the UK.

Using our platform, their non-technical data specialists were able to reduce the time taken to build and deploy a data quality solution from three weeks to under three hours, greatly speeding up their scenario planning as part of COVID-19 preparations. We’d love to thank all at A-Team and the judging panel for their hard work and look forward to working with them next year.”

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.

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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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New apprentices into the DevOps team

Belfast, London, New York, 2^nd November 2020

The new recruits , Natalia Walsh and Victoria Wallace, will be joining the firm’s DevOps team, balancing their four days a week at Datactics with one day spent studying for the Level 3 “Networking Infrastructure with Cyber Security” course at Belfast Met.

Dave Brown, Head of DevOps & Security at Datactics, was delighted to gain two new team-members:

We were originally looking for one apprentice, but then these two candidates were so impressive that we decided to appoint both! They will work mainly on Systems Administration, and the dynamic nature of the team means we’ll also give them plenty of opportunities to learn the ropes of Cyber Sec, DevOps and QA.

Their recruitment echoes a trend seen in IT firms who have seen a surge in demand despite extremely challenging circumstances caused by the Coronavirus pandemic. Stuart Harvey, CEO at Datactics, is delighted that the firm can offer opportunities to train and develop.

They will earn while they learn and hopefully take a permanent job with us at the end of the scheme.

The final word goes to Dave Brown:

Having come through the same process years ago when I started in IT, I look forward to being able to share my experience and knowledge with the new apprentices. Hopefully, the Datactics team and I can make the IT world as exciting as it appears, and that this is the start of a long career for them both.

Belfast Met is the largest further and Higher Education College in Northern Ireland and one of the largest in the UK. Find out more information about this and other courses on offer at Belfast Metropolitan College.

A career with Datactics is like no other; a genuinely collaborative, encouraging and challenging space to maximise your potential working on real-world projects from day one. You can find career vacancies open at the moment by visiting this page.

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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 the Centre for Data Ethics and Innovation.

The purpose of the Forum, launched by the Bank of England and the Financial Conduct Authority, is to facilitate dialogue between the public and private sectors to better understand the use and impact of AI in financial services, which will help further the Bank’s objective of promoting the safe adoption of this technology.

The AI Public-Private Forum, with an intended duration of one year, will consist of a series of quarterly meetings and workshops structured around three topics: data, model risk management, and governance.

Commenting on the initiative’s launch, the deputy governor for markets and banking at the BofE, David Ramsden said:

The existing regulatory landscape is somewhat fragmented when it comes to AI, with different pieces of regulation applying to different aspects of the AI pipeline, from data through model risk to governance. The policy must strike a balance between high-level principles and a more rules-based approach. We also need to future-proof our policy initiatives in a fast-changing field.

The specific aims of the Forum are: firstly, to share information and understand the practical challenges of using AI in financial services, identify existing or potential barriers to deployment, and consider any potential risks or trade-offs; secondly, to gather views on areas where principles, guidance, or regulation could support safe adoption of these technologies; and finally, to consider whether once the forum has completed its work ongoing industry input could be useful and if so, what form this could take.

The knowledge, experience, and expertise of the Forum’s members and observers will be invaluable in helping us to contextualise and frame the Bank’s thinking on AI, its benefits, its risk and challenges, and any possible future policy initiatives.

Fiona Browne, Head of AI at Datactics, said:

I’m really excited and honoured to be part of such a timely forum. AI/ML services touch our everyday lives from recommending what we watch to groceries that we buy.

Within financial services, ML can offer efficiency benefits reducing manual time-consuming tasks, to saving customers money in suggesting best financial products to bespoke customer service solutions and fraud detection. These solutions need to sit within a legal and regulatory environment in the financial sector and are not without their risks and challenges.

I hope to offer the forum insights and experience of the practical implementation of ML-based on the areas of data quality and fairness through to transparency and explainability in the process and model predictions through to the monitoring of models in production. Excited to focus and tease out potential guidance and best practice on how to safely adopt and deploy such solutions.

What is the AI Public-Private Forum?

The BOE working with FCA have established the AIPPF (AI Public-Private Forum). This forum launched in October 2020 and consists of members reflecting a variety of views who applied to be on the forum bringing with them their expertise in the area of AI/ML. The AIPPF will:

• Share information and understand the practical challenges of using AI/ML within financial services, as well as the barriers to deployment and potential risks. 
• Gather views on potential areas where principles, guidance or good practice examples could be useful in supporting safe adoption of these technologies. 
• Consider whether ongoing industry input could be useful and what form this could take (e.g. considering an FMSB-type structure or industry codes of conduct). 

More information about the Forum can be found here.

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