Duco for Payments & Fintech
Fast, powerful data management for agile, innovative businesses.
Unlock greater operational efficiency through data quality
Control data across your organisation, streamline your operations and simplify compliance. Focus on new opportunity and delivering unrivalled customer experience with a flexible, scalable solution.
Choose a data management solution that can keep pace with your business as well as changing regulatory demands. Seamlessly integrate Duco with your internal and external systems to unlock a scalable approach to managing payments data. Build reconciliations quickly with all parameters automatically documented for transparency and auditability. Stay agile while ensuring security and accuracy.
Unite processes across your organisation and handle trade, position and balance data quickly and at scale with the Duco Platform. Get total visibility of your processes from start to finish and unlock the agility you need to respond fast to new opportunities.
Join forces with a true disruptor to supercharge your efficiency and stay compliant. Harness the latest in agile and scalable data management software to quickly manage and reconcile your data in the cloud. Simplify your operations and keep costs low to better focus on delivering a best-in-class customer experience.
Unlock the visibility and efficiency you need to offer a fast, flexible service. The Duco Platform provides scalable, agile data controls that enable you to onboard customers fast, achieve greater visibility, streamline your payments flow and eliminate manual processes.
We are looking to Duco to transform and streamline our reconciliation process. As our volume grows and our network expands we needed to invest in automating our reconciliations to ensure we keep client funds properly protected and handle the transactions across multiple providers. Duco stood out for their flexible and scalable product and the ease and speed of implementation.
Jon Burrell, VP of Operations at Currencycloud
What sets us apart in the market is our understanding of both regulation and technology and our strong focus on the end-to-end experience. By working with Duco, we will be able to scale fast and provide our rapidly growing client base with strong independent verification based on best-of-breed technology.
Collin Coleman, CEO of NEX Regulatory Reporting
“We have been particularly impressed with the flexibility of Duco and the speed with which we were up and running. The platform was able to handle complex data straight out of the box, enabling our operations teams to start setting up controls themselves with minimal training. Duco also ensures all our processes are automated and scalable, which is essential for an expanding business like World First.”
Faye Marshall, Group Treasurer of World First
Use Duco for
Client reporting errors can impact clients’ ability to make decisions, erode their trust, and can ultimately lead to fines and sanctions. Ensuring accuracy requires reconciling potentially complex data across multiple systems and ensuring that data is fed to reports without error.
As you manage the chain of interactions throughout the client lifecycle, data disconnects are bound to happen, leading to errors and potentially lapses in client service. CLM systems help manage this, but they are only as good as the data available to them, so ensuring data quality is vital.
As data flows between systems, enrichment and modifications can allow errors to creep in and propagate across your business. Reconciling this data can be a time consuming and manual process, introducing significant operational risk and limiting your ability to manage change effectively.
Cash reconciliations are a vital and mandatory control. They receive high levels of scrutiny from regulators, and touch almost every area of your operations department. And the nature of them means they require complicated investigations and loads of manual work between multiple systems and stakeholders to identify the root causes of breaks.
Payments reconciliations can be challenging when you’re dealing with many sources and payment providers, all with unique data formats. Disconnected systems, inflexible technology, currency differences and manual workflows can make the process even more complicated.
Trading sheets, sub-ledgers, bank statements, and manual entries all have different formats, presenting challenges for balance sheet substantiation. Ensuring accurate consolidated reconciliation can be a challenge when you’re using inflexible legacy technology, or worse, manual spreadsheet reconciliations as a workaround.
Transaction data needs to be accurate, complete and timely, validated with post-reporting reconciliations. And with refits, rewrites and updates on regulations around the world, you need to ensure the flexibility to adapt those reconciliations when you need to.
The risk reporting environment is growing in complexity. In addition to the challenges around risk reporting methods in annual reports, regulations like BCBS 239 and others require timely, accurate and granular reporting of risk data in specific formats. Organisations need to be flexible and adaptable to respond to changing data requirements as well as to changes to the regulations themselves.
When migrating between old and new systems, you need to ensure that your data remains accurate and complete. But frequently, errors can creep in, particularly if you are relying on spreadsheets and existing platforms. Bad data frequently doesn’t show itself until late in the process, when it can have the biggest impact.
Without trustworthy, complete and consistent reference data, errors creep into processes across the business and create mayhem down stream. Reference data impacts nearly every other reconciliation and data management activity your business does. So how do you ensure it’s right?
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The Duco Platform for Fintech & Payments
Harness the power of the no-code, machine learning powered solutions on the Duco Platform to reach your full data potential.
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