The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Funds-Axis Implements Datactics RegMetrics Data Quality Solution

Datactics has made its first break into the funds management market through a partnership with RegTech specialist Funds-Axis, which will use the company’s data quality metrics to improve automation and operating efficiency. The solution will also provide Funds-Axis clients with greater transparency of enterprise data quality.

Funds-Axis, a provider of regulatory technology to the investment management industry, approached Datactics with a view to improving data quality and automating manual data management processes at a time when increasing regulatory requirements are pushing up data volumes. The company has data integrations with more than 30 global fund administrators, prime brokers and data suppliers, and is half-way through the implementation of Datactics’ RegMetrics cloud-based solution, which includes out-of-the box data quality rules, data visualisation and support for data quality metrics across large data volumes.

Funds-Axis managing director, Darren Burrows, says the partnership with Datactics is a natural fit and gives the company a data quality management and measurement toolset for both internal and external client use. The implementation is also expected to help the company scale its business.

Stuart Harvey, CEO at Datactics, notes that most RegMetrics users are banks, but says the company’s entry into the funds management market will be pursued. The company is also working on proof of concepts with RegMetrics that could extend its reach into the retail banking sector.

Related content

WEBINAR

Recorded Webinar: Meeting the requirements of the EU’s ESG Disclosure Regulation

The EU Sustainable Finance Disclosure Regulation (SFDR) is central to the European drive towards a sustainable financial market. As such, it is complicated and multi-faceted, and makes rigorous demands on financial firms to source large volumes of ESG data and meet numerous reporting obligations. Key elements of disclosure include sustainability risk, principle adverse impacts, and...

BLOG

Monetary Authority of Singapore Plans Shared Data Platform to Combat Money Laundering

The Monetary Authority of Singapore (MAS) plans to introduce a digital platform and enabling regulatory framework that will allow financial institutions to share data on customers and transactions with the aim of preventing money laundering, terrorism financing, and proliferation financing – a means of raising, moving or making available financing, funds, assets or other economic...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...