About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Datactics Moves into Iceland with Contract Win at Arion Bank

Subscribe to our newsletter

Datactics has won its first customer in Iceland, Arion Bank, which will use the company’s RegMetrics and Single Customer View data quality solutions to support an enterprise data management programme.

The bank selected Datactics after a competitive vendor selection process that included a technically demanding and tightly specified proof of concept across three departments, each of which depends on high quality data for business operations and regulatory reporting.

Höskuldur Hlynsson, data officer at Arion, says: “The Datactics team impressed us with its commitment to the exercise and the high quality of its tools. The integration with our systems and data sources, and capability to process large datasets, enables us to quickly identify data in breach of quality rules, including the rules of BCBS 239. In addition, Datactics demonstrated that it could match and standardise disparate datasets to support our anti-money laundering (AML) processes. We are also excited about the potential to automate a number of manual tasks, which would deliver efficiencies for our back-office teams.”

While Datactics RegMetrics will provide Arion Bank with support for compliance across BCBS 239, AML and some elements of IFRS9 regulation, the implementation of the company’s Single Customer View will help the bank get a single view of its customers. This can be cross-checked against Iceland’s national registry that includes all individuals who are permanently resident in Iceland and have a unique national identification number, or Kennitala.

Stuart Harvey, Datactics CEO, comments: “The banking sector is highly-regulated and has constant demands on its data. We’re seeing many of our clients in this sector provide us with evolving and developing requirements founded on data quality and remediation. Working with Arion has been a fantastic way to engage with a highly technical and highly capable team.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

A First for RegTech: Corlytics Achieves ISO 42001 Certification for AI Governance

Dublin-based Corlytics has become the first RegTech company to achieve ISO/IEC 42001 certification, positioning the firm among a select group of global technology companies certified to stringent international standards for AI governance. ISO 42001 aligns closely with evolving regulatory frameworks such as the EU AI Act and the UK National AI Strategy. The standard includes...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...