Upgrade your risk data infrastructure
Ensure fast access to accurate, timely data to better identify and manage risk.
Accuracy across all risk data
Quickly ingest and transform high volume risk data from multiple systems in multiple formats.
Unlock greater visibility of your risk exposure with a granular view of your data.
Ensure only golden source data is fed into risk and reporting systems.
Total transparency from start to finish with a full audit log.
Push clean, normalised risk data into downstream reporting and analytics tools.
Empower your risk experts to build data controls - without code
Eliminate error-prone spreadsheets and manual work
Automate your processes for frictionless workflow
Cut the costs and time associated with managing risk data
Overcome compliance challenges related to data quality
Rapidly deploy new data controls to adapt fast to regulatory changes
Use Duco for
RISK DATA INTEGRITY
RISK DATA INTEGRITY
Risk teams are busier than ever in the face of a fast-changing business landscape. As processes, systems and activities shift, the complexity associated with compiling, normalising and reconciling risk data continues to increase. Firms need to confidently monitor risk exposure and financial health at all times, across all areas of risk. But to do this teams must deal with large volumes of highly complex data, drawn from disparate sources, in varying file formats.
Duco is a highly flexible system built for agility. Unlike traditional data integrity systems it does not have a predefined schema that the data needs to conform to. You simply upload your risk data and Duco will adapt to it. This means risk teams can pull data from multiple disparate sources, normalise it, and then rest assured that the data is clean as it flows downstream through risk and reporting systems.
In the latest 2020 BIS progress report on the “Principles for effective risk data aggregation and risk reporting” it states that zero banks are fully compliant with BCBS 239 standards. According to the report, banks need to devise “comprehensive solutions to address data quality issues rather than seeking a fix via more tactical or ad hoc solutions”.
Duco represents a strategic solution that banks can use to help conform to the BCBS 239 data quality standards. With our flexible technology you can ingest, clean and normalise risk data from multiple source systems, in multiple formats and types, with little or no prior transformation. This means firms can eliminate manual and spreadsheet based data validation processes, improve data integrity, improve transparency for audit purposes, and ensure no data errors slip through the cracks.
For more than 40 years, the financial services industry has been underpinned by interbank offered rates (IBOR) – but this is set to change. The IBOR benchmark is being phased out by the UK and US, to be replaced by alternative reference rates (ARR) by the end of 2021. Many other nations are expected to follow suit.
Duco’s next generation data integrity platform can be quickly deployed to help Capital Markets firms identify, extract and process the information they need – and ensure a smoother transition from IBOR to ARR. For more information, download our guide.
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THE DUCO PLATFORM FOR RISK
Harness the power of the no-code, machine learning powered solutions on the Duco Platform to reach your full data potential.