Datactics Adds Data Integration Capability
FlowDesigner addition DQM eases integration with users' systems
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."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
CrowdStrike outage spurs rethink on ‘critical’ vendors
Some want US regulators to designate tech firms that pose risks to financial stability
Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal
Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi.
Déjà vu for common domain model
Piecemeal progress on ambitious derivatives data standard raises questions over business case
The IMD Wrap: With Bloomberg’s headset app, you’ll never look at data the same way again
Max recently wrote about new developments being added to Bloomberg Pro for Vision. Today he gives a more personal perspective on the new technology.
Cboe reports strong Q2 but misses target for data and access business
On its Q2 results call, Cboe detailed plans to increase 2024 revenue for its non-transaction business amid growth numbers that fell short of the company's stated expectations.
This Week: ISI buys EPFR; Bloomberg, Warsaw Exchange, Fenergo and more
A summary of the latest financial technology news
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.
Kimsey debuts ‘Who bought what’ dataset to help vendors target sales
Kimsey Consulting’s latest report breaks down reported industry spend by client type, product type, and geography to help suppliers and investors pinpoint future sources of demand.