USE CASE
OTC derivatives confirmations
Master OTC confirmations with scalable, automated controls
Structured OTC confirmations are complex, with multiple documents containing the parameters of the deal. But those parameters can change after the term sheet is created, trade bookings can have errors, and multi-leg trades increase data complexity.
Often, the data in these deals is locked in PDFs, requiring manual rekeying to get it into a format for reconciliation to ensure clients, front office and middle/back office all have the right data. It’s not scalable and not cost effective.
How Duco adds value
Duco provides an agile, auditable solution to process high volume, complex transactions at speed. Ensure scalability with automated, AI-powered data extraction, integrated data normalisation capabilities, robust reconciliation and automated exception management workflows. And with self-documenting processes and human in the loop AI, Duco can help you ensure auditability and transparency too.
challenge
Manual processes kill speed
Manual processing is slow. With hundreds of deals a month, backlogs build and can’t be cleared without more headcount.
Automate to accelerate
Duco eliminates manual rekeying, and can reduce the time spent manually reviewing data by up to 5x. Exception management workflows ensure fast break resolution and reliable audit trails.
challenge
Bad data = operational risk
Bad data comes from many sources – manual errors, disparate formats from counterparties… If they’re not found and fixed quickly they impact other systems and get more expensive to unpick.
Automate extraction for better data
Duco extracts unstructured data, normalises it and reconciles it in one platform, eliminating many of the causes of breaks. True errors are found and routed to the right people for correction quickly.
challenge
Scaling is challenging
With manual processes and heavy review requirements, the only way to scale is by adding more people. Large teams are stuck doing boring, repetitive tasks that could be automated so they could be working on higher value tasks.
Don’t let your processes slow your growth
With Duco you can scale effortlessly – adding new inputs, spinning up new processes, and adjusting AI models quickly and easily. So teams can focus their energy where it really makes a difference.
challenge
Lack of auditability
Manual rekeying, back-and-forth over email, off-book processes – all breaks the audit trail. Root cause analysis, audit trail, and process governance become difficult.
Self-documenting transparency
Duco provides self-documenting processes, robust governance and permissioning, and automated exception management workflow with 4-eye review. So you can make sure you remain efficient while also ensuring absolute transparency.
Unlock the power of your data with Duco
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