Duco

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

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

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

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

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

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

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

⚠ Governance is out of control ⚠ How do you manage changes to data processes in your firm? The chances are it involves documenting any type of change request and handing it over to IT to oversee. This is necessary because old data management technology needs developers to build processes. 🐌 It’s slow, but at least it makes for good governance, right? Unfortunately, the opposite is often true… The business needs the processes now, but IT are overwhelmed with development requests. What are Ops to do? They resort to a quick workaround, such as an Excel spreadsheet or an end-user developed application (EUDA). But these solutions are opaque, manual and highly prone to errors. They are anything but well governed and controlled 🙅♀️ 🙅♂️ Which is why no-code platforms are so powerful: ✅ Business users can build, test and deploy changes themselves. ✅ Access and permissions are controlled by IT. ✅ All changes are documented automatically. ✅ Processes in natural language are easily understandable by anyone. Some firms worry about the implications of enabling their teams to build automations themselves. But the truth is that no-code tools, when implemented correctly, aren’t a threat to governance. They’re an enabler of it. #NoCode #DataManagement

Well done to everyone from Duco and FundApps who took time to clean up the Thames riverside recently 👏 . A great effort to help protect our planet from rogue polystyrene, plastic and…speed cameras? Really? Actions like these all add up. Check out other ways we can all help look after our planet here: https://lnkd.in/dZrbRsAq #sustainability #volunteering

Duco’s proprietary algorithm and fuzzy matching spots connections other systems can’t. Save time and focus on what matters: fixing real errors. Find out more: https://lnkd.in/eAWkXwW7 #Reconciliation #Data