Belfast Fintech company Datactics is investing £2.3million in its business, through Research and Development (R&D), skills development and the creation of 18 jobs.
Founded at Ulster University, with Innovation Ulster as a seed investor, the company provides data quality solutions to the financial services sector and central government, using its Datactics Data Quality platform to rapidly measure, match, report and fix data assets.
Stuart Harvey, CEO of Datactics, said: “We’ve seen increasing demand for Artificial Intelligence (AI) and Machine Learning (ML) across the Fintech and Regtech sectors. We’re using this £2.3million investment to take advantage of this growth opportunity which will help us to increase our visibility on the global stage by expanding our team, innovating and driving export growth.”
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Mf. Harvey also added: “The R&D project will use ML to develop new analytics functionalities for our Datactics Data Quality platform. Invest NI’s in-market teams have given us great advice on how to expand in GB and the US, and to enter new markets like Japan and Singapore. By creating 18 jobs, investing in technical, digital and sales skills, and with our new Data Academy for graduates, we will be able to expand our team’s capacity and expertise to secure new sales in these markets.”
Invest NI has offered Datactics £347,601 of support towards the creation of the 18 jobs, R&D and skills development. Job opportunities include software and AI developers, support engineers, and sales and management positions. Five of the roles are in place.
Datactics has also undertaken a Knowledge Transfer Partnership (KTP) with QUB to extend the capabilities of its data quality applications and develop new knowledge-driven analytics.
RELATED: Datactics recruiting Data Consultants
In recognition of Datactics’ commitment to innovation, it has been awarded a Platinum Level Innovator Certificate from Innovate NI.
Invest NI is committed to driving innovation in Northern Ireland and is a proud partner of Innovate NI, a Department for the Economy programme, helping local businesses innovate successfully.
This support is part funded by the Department for the Economy Economic Recovery Action Plan.
Source: Written from press release.
