Datactics, a Belfast-based fintech company, has recently announced their intentions to invest £2.3 million into their company with support in the amount of £347,601 from Invest Northern Ireland.
This investment will be directed towards the creation of 18 jobs, skill development, and primarily R&D activities. Their R&D focuses are on expanding and optimizing their data quality platform for rapid measurement, matching, reporting, and fixing of data assets.
Job opportunities include software and AI developers, support engineers, and sales and management positions. Five of the roles are in place. It is expected that, once all 18 roles are filled and in place, they will contribute over £700,000 of additional annual salaries to our local economy.
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.”
Datactics has also undertaken a Knowledge Transfer Partnership (KTP) with Queen’s University Belfast to extend the capabilities of its data quality applications and develop new knowledge-driven analytics.
In recognition of Datactics’ commitment to innovation, it has been awarded a Platinum Level Innovator Certificate from Innovate NI.
Who We Are:
Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes.
If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.