Duco

Tagline

Mission Statement

We are on a mission to make managing data easy.

The proliferation of data formats and volumes are causing big issues in enterprises, who spend billions dealing with the resulting problems. The traditional ways of dealing with data involve a choice between using inflexible manual systems and manual processes. We started Duco because we believe that dealing with data at scale requires more intelligent systems.

Duco provides self-service, SaaS technology that enables operations, finance and IT staff in financial institutions to normalize, validate and reconcile any type of data in Duco’s cloud, providing users with on-demand data integrity and insight.

Profile

Self-service data engineering in the cloud. We empower users to normalize, validate and reconcile any type of data on demand. New clients are live in 24 hours, with results in 7 days and business value in 30 days. Customers include international banks, brokers, exchanges, asset managers, hedge funds, administrators.

Benefits

Empowers end users to set up reconciliations themselves
Automates manual processes
Reduces cost and risk
Increases operational control
Increases agility
Frees operations and IT staff to work on other tasks

History

Back in 2010, Duco’s founders were working on a project in a major bank, trying to match two different types of data in two different systems. The systems were so difficult to use that the whole project took six months – and at great cost to the bank.

After looking into it, the founders realized this issue was widespread throughout the financial world. Firms were either controlling data using clunky legacy systems, or they were relying on manual processes and spreadsheets

They realised that neither of these methods would be sustainable as the amount and complexity of data increased. So they had an idea – to build a scalable, flexible application that could work with all types of data, out of the box. And so Duco was born.

Since launching its flagship SaaS reconciliation platform Duco Cube in 2013, Duco has grown to service customers on five continents and has opened offices in New York and Luxembourg. Duco’s technology solutions cover a wide range of areas, including reconciliation, data normalization, system migration integrity and regulatory reporting verification.

In 2017, Duco was named by Deloitte as one of the top 100 fastest growing technology companies in Europe. In January 2018, Duco announced the completion of a $28m investment round led by Insight Venture Partners, NEX Opportunities, Eight Roads Ventures and lifetime entrepreneur and former CEO of SunGard, Cristóbal Conde.

Goals

Empower end users in operations, finance and IT to manage data themselves, without needing major technology projects.

People

Christian Nentwich Phd – Chief Executive Officer
Steve Gibson – Non-executive Board Member
Peter Sobiloff – Non-executive Board Member
Cristobal Conde – Advisor
Mireille Dyrberg – Chief Operating Officer