London, 8 November 2018 – Duco, the global provider of enterprise data quality and reconciliation services, has won “Best Reconciliation Platform” at the Waters Buy-Side Technology Awards 2018, making it the second consecutive year Duco has won this prestigious award.
The continued success is centred around Duco’s commitment to innovation and its self-service focused technology which allows operations professionals to build and manage reconciliation processes from scratch – without any sort of infrastructure technology project. The firm is investing significant resources to augment this technology with machine learning to improve match rates and minimise manual intervention in the reconciliation process.
Victor Anderson, Editor-in-Chief of WatersTechnology commented: “Duco’s ground-breaking self-service technology has disrupted the reconciliation space over the past few years to become one of the leading solutions in this area. It’s going to be exciting to see where Duco goes from here. The company’s focus on machine learning should help buy-side and sell-side institutions to fully automate processes that have been dominated by manual workarounds for too long.”
Christian Nentwich, CEO of Duco, added, “Duco’s success has been built on empowering end users to aggregate, normalise and reconcile data themselves. We’re now taking this a step further, automating all phases of the reconciliation process: data ingestion, setup, matching, exception allocation, investigation and resolution. We are working towards a future where manual intervention is minimal in all processes. As our client base grows, problems our service has not seen will become increasingly rare, focusing everyone on fixing upstream, systemic issues instead of noise.”
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