6 years ago

Datactics Raises £1.2 Million to Expand RegTech Solutions

  • Datactics, a Belfast-based RegTech provider for the banking and financial services sector, has secured £1.2 million in a Series B funding round led by The Bank of Ireland Kernel Capital Growth Fund (NI) and Par Equity

  • The company intends to use the funds for R&D, hiring, and expanding its international customer base in Europe and the US with new offices in Milan and New York

  • Datactics offers data quality and matching software to help financial firms comply with regulations including BCBS 239, MiFID II, and AML/KYC.

      • ProblemFinancial Services

      "Financial firms struggle to ensure their data is accurate and consistent, especially with the increasing complexity of regulations like BCBS 239, MiFID II, and AML/KYC. This can lead to costly errors and penalties."

      Solution

      "Datactics provides software to help financial firms measure, clean and match data ahead of regulatory reporting, business intelligence or analytics process. This helps them to comply with regulations and avoid costly errors."

      Covered on