Global alternative asset manager uses Duco to reduce reconciliation rule building by 90%
ASSET MANAGER
THE CHALLENGE
The client, a large global asset manager runs complex alternatives portfolios. It needed to perform reconciliations on complex and frequently messy data from various counterparties in structured, unstructured and semi-structured formats.
This data is vital for operations, and they have thousands of people across the globe in middle- and back-office operations focused on extracting, normalising, enriching and reconciling it, as well as exporting it across multiple business units for reporting and archiving purposes. These operations take hundreds of hours, and due to their complexity frequently end up in manual processes that add lag, opacity and ultimately risk to every day management.
If these processes fail, bad data proliferating across the business creates chaos and has the potential for significant financial, regulatory, and reputational damage for the firm.
THE SOLUTION
Using Duco’s agentic rule builder, which leverages Amazon Bedrock and LangGraph, the client has seen reductions of as much as 90% on time spent building rules in their automation and reconciliation processes. This is significant when there can be as many as 132 rules for their most complex data transformation and matching processes.
The tool enables any user to build rules in Duco’s no-code, Natural Rule Language from plain-English prompts.
The power user for this client says agentic rule builder has positively impacted the overall build time for reconciliation processes. This is vital, as slow time to market for builds and amendments can prevent new funds, counterparties and currencies being onboarded.