Thank you to everyone who came to our client drinks event in London last week! What better way to celebrate the start of summer and the launch of our new capabilities for unstructured data reconciliation? This is just the first of many events as we look to build the Duco community, strengthen our partnerships and work together to unlock even greater enterprise value across capital markets. See you soon! #CapitalMarkets #Data
About us
We’re Duco, and we make managing mission-critical data easy. Our vision is to cut time spent on data-related work in financial services Operations and Finance departments by 90%. Why? Because firms in the industry spend millions of dollars and tens of thousands of hours every year trying to solve data problems. We give you the tools you need to automate all data across your enterprise (regardless of format or source) on one platform, driven by the end-user. It’s a no-code, cloud-native, AI-powered solution that enables you to start trusting your data. This eliminates manual work, cuts cost, reduces risk, turbocharges agility and creates transparency. Our customers are saving money and time, simplifying their businesses, ditching old technology and changing their legacy – are you? Find out more at https://du.co/.
- Website
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https://du.co
External link for Duco
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- London
- Type
- Privately Held
- Specialties
- Data automation, Reconciliation, and Adaptive IDP
Locations
Employees at Duco
Updates
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Our latest newsletter is out now! This month, we're diving into one of the biggest data automation barrier firms are facing -> unstructured data. Check it out 👀 Subscribe to stay updated with the latest in technology, data, and market insights ✅ #data #intelligentdocumentprocessing
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Best reconciliation management provider for the second year running! 🎉 We’re delighted to have retained the WatersTechnology.com Award for recon this year. These awards are voted for by you, the industry: the people who use the technology and see first-hand the impact it has on their business and the value it creates. A big thank you to everyone who continues to champion the Duco way: no-code, cloud-based, end-user empowerment 👏 And the best part is we won this based on our existing reconciliation solution, before the introduction of our new Adaptive Intelligent Document Processing (AIDP) capabilities for unstructured data. There’s never been a better time to experience reconciliation the Duco way. Start your discovery here: https://lnkd.in/eAWkXwW7
Huge congratulations to Duco for winning best reconciliation management provider in our #WatersRankings2024.
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We’re proud to be part of the Nordic Capital portfolio. Nordic has a long track record of championing technology innovators. This profile explores our efforts to tackle some of the biggest challenges facing capital markets using AI. Check it out 👇 #AI #DataAutomation
Artificial intelligence (AI) is revolutionising the financial industry. Nordic Capital actively works with its portfolio companies to drive data and AI more effectively. In this article, we dive into Duco, one of Nordic Capital’s portfolio companies and its work in this area. Read more here: https://lnkd.in/dJKwBya6 Duco recently announced a breakthrough in solving unstructured data challenges with their new Adaptive Intelligent Document Processing (AIDP) capabilities. Read more about that here: https://lnkd.in/dr6kDyGF
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You can now break your biggest reconciliation automation blocker. Unstructured data has been a challenge for decades, but no longer. We’re excited to announce the launch of our Adaptive Intelligent Document Processing (AIDP) capabilities for reconciliation. It’s now possible to automatically extract and reconcile data from even unstructured formats like PDFs, emails, images and more on the Duco platform. Read the press release to learn more about how we’re harnessing cutting-edge AI to vanquish one of your biggest data automation blockers 👇 #AI #reconciliation
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Have questions about data automation? We’ve got you covered. Check out our extensive guide to beating the cost, risk and inefficiency surrounding data management in Operations and Finance. You’ll learn: 💡 What data automation is, why you need it and how it transforms your business. 💡 The benefits you can unlock. 💡 How data automation impacts your teams. 💡 Where it can be used. And much more! Find the link to our data automation Resource Centre in the comments 👇 #DataAutomation #Fintech
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Meeting the intraday processing challenges of same-day settlement would be a “fairly significant architectural shift for technology that was built and designed 20 or 30 years ago,” Duco’s James Maxfield tells WatersTechnology.com He’s one of the capital markets experts who shared their views with Nyela Graham for her latest piece on the likelihood of a move to T0 settlement. Subscribers to Waters Technology can check out their full insights below 👇 #Data #T0
Now that T+1 settlement has landed in the US, some are already eyeing T+0. Nyela Graham reports. https://hubs.li/Q02DrkCr0
Zeros and ones: Industry contemplates T+0 as the next step - WatersTechnology.com
waterstechnology.com
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Who doesn’t love free stuff? You may think you’re onto a winner when your vendor bundles in a reconciliation tool at no extra cost. But the truth is that you are paying for it. Once you look at whether the tool is creating value or just generating costs, you’ll see just how expensive it really is. 🤔 Does it have industry-leading match rates, or are you having to resource for cleaning up all the largely false exceptions it generates? 🤔 Is it hard-coded, meaning you’re spending precious IT resources on building and changing processes for Operations? 🤔 And does having to wait force Operations teams to resort to risky and opaque spreadsheets to get the job done quickly? When you look at the Total Cost of Ownership (TCO) of your reconciliation tool, you’ll discover that your free software is anything but. 💰 💰 💰 Meanwhile, great reconciliation software creates value for your business. The cost is not only transparent and upfront, but an investment in your efficiency and agility. Get the full explanation in our latest article – the link’s in the comments 👇 #data #reconciliation
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Encouraging stats on AI adoption in Belgian financial services institutions from the recent FINTECH BELGIUM and Sailpeak report 👇 84% of firms are using predictive AI and 79% are exploring the potential of generative AI. We were delighted to contribute to this report with a case study showing the real impact of the latest AI technologies for document processing – nearly 500 hours saved per month and a 78% reduction in manual effort, amongst other benefits. Read the press release and download the report to get all the great insights 👀 #Fintech #AI
First Belgian AI Barometer reveals transformative impact on Financial Institutions 🚀🌟 The report by FINTECH BELGIUM and Sailpeak offers a comprehensive overview of AI’s integration within the Belgian banking and insurance industries, underscoring the ongoing shift towards digital transformation. By surveying 17 key institutions and conducting in-depth interviews with industry leaders, the report furthermore highlights the current landscape and future potential of AI in financial services. Key findings demonstrate significant Artificial Intelligence (AI) adoption within Belgium’s financial sector. Predictive AI is widely implemented, with 84% of institutions utilizing it for applications such as customer segmentation, fraud detection, and risk modeling. This technology is particularly mature in marketing (61%) and insurance operations (58%), enhancing processes like underwriting and claims processing. Generative AI, while in its early stages, is being explored by 79% of institutions, particularly in marketing and customer-focused areas, with projects like chatbots and personalized communication. We want to extend our heartfelt thanks to everyone who contributed to this pioneering report. A special thank you goes to the banks, insurance companies, Fintechs, partners, and clients. Your invaluable support and insights were crucial in making this report a reality! Learn more and download the full report here 👉 https://lnkd.in/eKQxCtEH Nico Vincent, Léonard Baesen-Wagner, Bjorn Cumps, Jean-François Heering, Alessandra✨ Guion - Gambrill, Frédéric MARTIN, Jonathan Neubourg, Izabella Molnar, Anthony Belpaire, Charlotte De Meyer, Pieter Desmedt, Frederic Lebeau, Quentin Felice, Jos Gheerardyn, Jo Cijnsmans, Bart Coppens, Ann Vanlommel, Fabrice Deprez, Ethias, Belfius, BNP Paribas Fortis, Baloise BE, Yields, Argenta, Datavillage - Confidential Data Collaboration, Centre for Finance, Innovation and Technology (CFIT), Intelli-Select, Clearstream, Discai, Crelan, Duco, Europ Assistance, iBanFirst, Mifundo, Febelfin Academy, Assuralia, FINTECH BELGIUM, Sailpeak #fintechbe #News #FinancialServices #AIBarometer
First Belgian AI Barometer reveals transformative impact on financial institutions — FinTech Belgium
fintechbelgium.be
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We had a great night at the FTF News 2024 Innovation Awards dinner in New York this week. It was an honour to be there to collect the award for Best Data Management Solution. Thanks Jonathan Scappaticci, Rani Desai, Jason Conti, Gary Kennedy, Mark Murray and John Barrat for representing us and to everyone at Financial Technologies Forum (FTF) who worked so hard to put the event together. #Data #Award
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