Datactics Adds Data Integration Capability

Software provider Datactics has launched a browser-based application called Data Quality Manager (DQM) for matching and integrating entity, instrument and regulatory data.

DQM automates the transfer of critical data in the business life cycle and allows easier access to the data-processing engines of Datactics' FlowDesigner application. DQM is compatible with multiple data formats and source information in the areas of entity, compliance and instrument data.

Clients can choose to set data-quality thresholds, so records falling below defined levels of accuracy are presented for manual validation via the DQM Master Record Manager. They can then review and update individual records, as well as viewing and confirming the business rules that have been applied to data. 

"The design goal for DQM was to allow us to integrate easily with clients' existing master data management and data governance solutions," explains Steve Cowler, Datactics' London-based CTO.

"DQM builds on top of our existing strengths as a data analyst-friendly platform. It gives content specialists, as opposed to programmers, the control to integrate data-quality projects generated in FlowDesigner into their existing business processes and infrastructure with minimal disruption. Early adopters, like CounterpartyLink and Equiniti, have cited greatly reduced implementation times of days or weeks."

According to Datactics CEO Stuart Harvey, DQM allows capital markets firms to profile and scrub data as it enters the organization, rather than undertaking this data management task retrospectively.

"We are very excited about the industry's interest in the area of continuous data-quality measurement and improvement," Harvey says. "The latest standards imply data should be profiled and cleansed as it arrives, rather than retrospectively. The plug-and-play nature of DQM with regard to data workflow allows our clients to achieve this."