Get your data regulation-ready.

Data Readiness from Datactics uses a library of pre-built rules to validate data before submission to regulatory authorities.

Introducing Data Readiness

Data Readiness assures trust in data for compliance, validating existing internal data readiness checks to identify hidden issues.

The solution highlights potential improvements to processes for data, people and technology, all at a very competitive price.

How it works

Data Readiness is available to install in your own environment or can be hosted by Datactics.

Submit your report

Data Readiness provides trust in data as-a-service.

Upload your regulatory report and we will host it in our ISO-27001 certified environment.

Data Readiness can be run on-demand or provided as a one-off validation service, to suit your needs.

Run rules

We offer pre-built rules to validate regulatory submissions.

Data Readiness ships with pre-built rules for regulations such as the UK Financial Services Compensation Scheme (FSCS), FATCA and EMIR.

Are there additional regulations that you’d like us to support? Please contact us using the form below.

Get results

Data Readiness offers pre-built dashboards to show how ready your data is for submission to regulators.

Quickly discover if your data would meet the standard required by your regulatory authority.

Our dashboards give you visibility over time to assess continued effectiveness of regulatory reporting processes.

See it in action

"One of the very few vendors that I have worked with who really put the client first, with great responsiveness, engagement and excellent people."

"We benefit from better information about our customers, less expense to clean up our data, and better analytics."

"Their technology significantly enhances our marketing, and helps drive the data quality agenda for strategic projects."

"The software is fast and easy to use, allowing us to properly cleanse and match our data to one single customer view ahead of submission to the regulator."

How to use Data Readiness

Data Readiness is dedicated to regulatory compliance.

Financial Services Compensation Scheme (FSCS)

The UK FSCS (Financial Services Compensation Scheme) regulation requires firms to accurately maintain and submit customer data to ensure that eligible customers can be compensated swiftly in case of firm failure, protecting depositors and promoting trust in the financial system.

Data Readiness has a specific set of rules for FSCS that are designed to assure a green rating from the UK Prudential Regulatory Authority (PRA) should the data pass the rule set. It’s a proactive way of ensuring compliance with the regulation prior to making the submission.

A customer would prepare data as they normally would for submission to the FSCS. Data Readiness will identify all areas of non-compliance so they can be corrected ahead of any required submission to the PRA.

Foreign Account Tax Compliance Act (FATCA)

The FATCA (Foreign Account Tax Compliance Act) requires foreign financial institutions to report information about financial accounts held by U.S. taxpayers to the IRS, ensuring tax compliance and helping to prevent tax evasion by U.S. citizens and entities with overseas accounts.

Data Readiness can ingest the regulatory report from a customer and evaluate it against documented reporting standards for FATCA.

European Market Infrastructure Regulation (EMIR)

The EMIR (European Market Infrastructure Regulation) is an EU regulation aimed at increasing transparency and reducing risks in the over-the-counter (OTC) derivatives market.

There is a daily requirement to report OTC and exchange traded derivatives to trade repositories. There is a specific format with requisite data elements that must be reported.

Data readiness will ingest the submission and evaluate it against the submission requirements. It will identify reporting deficiencies to help assure that all submissions will meet the requirements.

For other regulatory requirements

Do you have something specific in mind, not listed here? We have extensive experience in supporting the building of custom rule sets to measure data to standards such as BCBS 239 in financial services, or other domain-specific regulations .

Please get in touch to discuss how we can support your regulatory requirements.

Time to explore Data Readiness?

Get in touch to discuss your specific requirements, or to arrange a demo of our software.