London, Belfast, New York and Toronto, Nov 21, 2016 – Datactics Ltd. today announced that its market-leading data quality and matching software has received the ‘Best Data Quality Analysis Tool’ award at the fourth annual Data Management Review Awards, hosted by A’Team Group.
Acknowledging excellence in data management within capital markets, the DMR Awards were overseen by an independent advisory board, comprised of senior managers from financial institutions, who helped shape the categories and the nominees. The Data Management Review readership were then invited to cast their votes for the suppliers they consider the best-performing in each category.
Datactics offers business user-friendly tools to help financial organizations improve their data quality and continually monitor against benchmark standards and regulations. Following significant product advances in the last 18 months, Datactics has been involved in projects for BCBS239, FATCA and MiFID regulations.
“Regulations are demanding greater transparency and the ability to continuously monitor all major data types across the enterprise. As a result, there has been a surge in market demand for Datactics data quality analysis tools, most notably for our RegMetrics™ solution that enables active monitoring, remediation and reporting of data quality on all entity, transaction and risk data” said Mick Foster, Datactics Board Member.
“We are delighted to receive the DMR ‘Best Data Quality Analysis Tool’ Award which is further validation from the industry of the company’s strategy to fill the gap in the market for data quality analysis tools that can handle large volumes of reference data in real-time.”
Business-focused teams can rapidly deploy RegMetrics™ using its out-of-the box rules without the need for programming or tying up expensive IT resources. It delivers a powerful CDO/CRO data quality interactive dashboard, ensures that content delivered to business applications is accurate and fit for purpose and also assists with regulatory reporting on BCBS 239, FATCA and MiFID.
“We are very pleased to offer our congratulations to Datactics on their prestigious Data Management Review Award win. Our readership of 15,000 senior data management executives clearly voted Datactics as the leading provider of Best Data Quality Analysis Tool,” said Angela Wilbraham, CEO of A-Team Group, which hosts the DMR Awards.
Photograph:L-R: Mark Foster, 8 Time Swimming World Record Holder, presenting Mick Foster, Datactics Board Member and Owen Chuck, Datactics Sales Director with Data Management Review’s ‘Best Data Quality Analysis Tool’ Award.