Continuous Data Quality for Tier One Global Bank

Starting with a short paid Proof of Concept, Datactics built and processed the client's data through hundreds of rules, relating to specific data and industry regulations (in this case, BCBS 239). The results are two-fold: first, metrics (aligned to the global DCAM standard) are output to the Chief Data Officer and viewed in third-party visualisation software, Qlik, to which Datactics features built-in connectivity. Second, the solution has been configured to evaluate the state of the underlying data ahead of submission to the national regulatory authority. Any data elements in breach of the rules are returned to the data owner via a ticketing system, enabling data to be remediated and perfected, and levels of quality optimised.
The whole process of checking the 50 million records against 1,700 rules – resulting in 3 billion unique checks – takes approximately three hours.