Holdings & activity:
With dozens of custodians and thousands of transactions, critical custody reconciliations get complicated fast. You need data you can trust for everything from client reporting to allocations and fees.
Regulatory scrutiny is increasing, and getting this wrong could lead to audits, fines and reputational challenges.
How Duco adds value
Reconciliations can be set up in days by the people who know the data, and can adapt quickly when you need to add new custodians or products
Reconciliation parameters and process configurations are captured automatically, ensuring transparency and auditability
Time pressures for reconciliations
Waiting until all the data has come in from all custodians to start the reconciliation process wastes valuable time, slowing down the process and creating unnecessary pressures on deadlines.
Automated workflows help get true breaks to the right investigation teams faster
Duco’s automated workflows can be set up for ‘snapshot’ runs at a certain time of the day or as submissions come in. All snapshots are instantly accessible on one page. No tracking down previous runs across the system.
Lack of standardisation
Messy data frequently means manual work before you can even run a reconciliation. Whether it’s file formats, reference data, or something as simple as date formats, cleaning up data is work your team shouldn’t have to do.
Natural rule language provides flexibility and efficiency
Natural Rule Language means you can easily automate transformation as well as labelling and assigning breaks. When data changes your rules can too – in minutes – with everything documented for full auditability.
With legacy tech, break and investigation workflows can be clunky and time consuming. Sending screenshots of breaks via email to identify owners of breaks slows down investigations.
Flexible, automated workflow adapts to users, not the other way around
Automated workflows are simple in Duco. “If break is x then do y”. Labelling, assigning investigators, commenting are all done quickly and can be done in bulk. You define your best practices and build workflows that follow them.
Thanks to Duco we’ve been able to decommission a complex reconciliation tool and cut our reliance on manual work. The Duco Platform is so user-friendly that our teams can manage data processes without intensive support from IT, giving them more autonomy and freeing up our developers to focus on more important tasks. On top of this, our reconciliations are now more centralised and we’ve significantly increased the transparency of our processes.
Head of IT at Momentum Metropolitan
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