Datactics™, a provider of data quality and matching software, has appointed Owen Chuck as sales director and Alex Brown as product manager to boost regulatory reporting.
The London-based senior appointments are aimed at further strengthening the firm’s senior team and reinforce its capacity to meet increasing demand from clients for its regulatory reporting, risk, entity and instrument data solutions in London and across Europe. Increased market interest in Datactics™ software for the purpose of regulatory reporting and metrics has also necessitated the hire of additional staff in the company’s Belfast technology centre.
In the past 18 months, Datactics has made significant product advances to enable customers to profile, measure and report on the quality of large volumes of reference data in real-time. The addition of a sophisticated, browser-based integration and workflow management layer and powerful metrics and reporting capabilities, combined with the ability to import rules from any rules repository or governance system, has allowed Datactics to provide robust enterprise-wide regulatory reporting and data compliance solutions.
Most recently, Datactics adopted the EDMC’s emerging Data Capability Assessment Model (DCAM) standard for data quality measurement. DCAM is a business-friendly standard that establishes the concept of fit-for-purpose data and defines the processes associated with data control and remediation.
Chuck brings over 25 years sales expertise in capital markets. He is responsible for creating sales momentum in financial markets, specifically tier one and tier two banks and hedge fund clients, across a broad range of solutions including risk and exposure. Prior to Datactics, Chuck held senior positions in Reuters where he headed up specialist sales responsible for driving new products and services. He also worked for Sungard managing tier one client accounts globally.
Chuck says: “I have followed Datactics with interest for some time and see that in the backdrop of ever-changing regulatory market forces, Datactics is fast becoming the go-to company for financial institutions seeking to improve their quality of data across their organisation and enable them to maintain their compliance as regulatory reporting evolves.”
Brown has been charged with developing the Datactics product roadmap by integrating client requirements in conjunction with emerging standards such as the EDMC’s DCAM. He joins with over 15 years’ experience designing and delivering innovative data technology solutions for the financial markets having previously worked as head of DART product development at SR Labs and similar product management roles at NYSE Technologies, Wombat and Harco Technology.
“I have worked with many of the organisations that use Datactics software solutions and I’m looking forward to collaborating with these clients to explore the full potential of this agile, powerful data quality and matching platform. The current economic and regulatory climate represents an enormous opportunity for Datactics,” says Brown.