REGULATORY DATA QUALITY FOR MIFID II

Be confident in the accuracy of your data and of your ability to meet changing MIFID requirements.

MIFID II POST-REPORTING RECONCILIATION CHALLENGES

Many firms are still struggling with MiFID II data quality controls. Legacy tools may not have the robust match rates and reconciliation capabilities you need for post-reporting checks.

They may also require long projects or manual workarounds when business needs or regulations change. And with MiFID III on the horizon, things are likely to change again.

CHALLENGE
Enrichment leads to data risk
Legacy systems often can’t handle the data transformation and enrichment that happens prior to submission. Reference data like LEIs and ISINs, and 3rd party processes make it hard to trace errors back to source, but missing them can lead to audits and fines.
FILTER OUT ENRICHMENT NOISE
Set up pre- and post-submission reconciliations quickly and easily. Configure reconciliations between the transitions to ensure consistent data throughout. With enhanced workflow, you can link outputs to navigate to underlying issues easily.
CHALLENGE
Ensuring data quality
Data elements like instrument ID code, maturity date and expiry date formats will differ by asset class. Each asset class will likely need its own reconciliation, which can be challenging to set up and manage on legacy systems with inflexible schemas.
INCREASE AGILITY AND DITCH ETL
With Duco you’re not constrained by restrictive data models or lengthy ETL processes. You can take in asset classes or market segments quickly, while retaining visibility of the processes where data could break down.

MiFID II transaction data needs to undergo a number of enrichment processes between front office capture and the final report, which need to be replicated in the reconciliation process, covering large complex data sets. The quick deployment, flexibility and usability of Duco’s self service application enables us to efficiently build towards this reconciliation process with very little technical support.

Ranith de Silva

Head Operations at Redburn

With Duco we were finally able to reach the high level of quality we strived for in regulatory reconciliations.

Joyce Verschaeren

Head OC&S at Rabobank

REGULATORY DATA QUALITY. SIMPLIFIED.

The Duco platform is the only choice when you need to respond fast, stay in control of your data, create transparency and future-proof your operations.

Agile compliance
Adapt to the changing demands of regulators with ease and at short notice. From remapping existing processes to handling new data types, Duco keeps you one step ahead.
See everything
Get end-to-end transparency of your regulatory data quality processes and manage permissions on a granular level. Every action is recorded for complete auditability.
You’re in control
From our no-code Natural Rule Language to the Duco Alpha machine learning engine, our solution is designed to be user-friendly in every way, from setup to documentation.
Always ready
Our platform is data agnostic and easily connects to both upstream and downstream systems. Whether it’s the regulation that evolves or your tech stack, Duco is flexible enough to keep you future-proofed.