New York, Nov 21st 2024
Datactics has secured the ‘Most Innovative Technology for Regulatory Compliance’ award at this year’s A-Team Group RegTech Insight Awards USA.
The Belfast-based firm, which has made its name specializing in innovative solutions to challenging data problems, developed its Data Readiness solution in response to the prevalence of data-driven regulations across both sides of the Atlantic.
Data Readiness grew out of Datactics’ close work with banking customers in the UK, primarily around data used to identify and reporting on customer deposits in line with stringent regulation from the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA).
In 2024, Datactics developed Data Readiness as a specific defined solution to measure and prepare data to specific regulatory standards, offering the solution with a range of deployment options, including as-a-service.
Behind the solution
Matt Flenley, Head of Marketing at Datactics, noted, “This award is brilliant news for all our talented developers and engineers back home. We’ve a long record of working alongside customers to help them with specific problems they’re encountering, and for which the risk of bad data affecting their ability to demonstrate compliance is often significant.
“With our experience in developing rule-sets for customers seeking to comply with UK depositor protection regulations, alongside international standards such as BCBS 239, we felt the time was right to offer this solution as its own piece of regulatory compliance technology.
“We’d like to thank the A-Team panel and all those who saw fit to recognise the approach we’ve taken here – thank you all so much!”
Angela Wilbraham, CEO at A-Team Group, and host of the 4th annual RegTech Insight Awards USA 2024, commented, “Congratulations to Datactics for winning the Most Innovative Technology for Regulatory Compliance award in this year’s A-Team Group RegTech Insight Awards USA 2024.
“These awards celebrate providers of leading RegTech solutions, services and consultancy and are uniquely designed to recognise both start-up and established providers who are creatively finding solutions to help with regulatory challenges, and span a wide range of regulatory requirements.
“Our congratulations for their achievement in winning this award in a highly competitive contest.”
For more on Datactics, visit www.datactics/get-data-readiness
For more on A-Team Group, visit https://a-teaminsight.com/category/regtech-insight/
