Duco
by Duco Technology Limited · Bank Reconciliation
AI-powered, no-code reconciliation and data automation platform for financial services operations.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Quote-based
- Headquarters
- London, United Kingdom
Overview
Duco is a cloud-native reconciliation and data automation platform built for financial services operations teams. It positions itself as a no-code, data-agnostic alternative to legacy on-premise reconciliation systems, letting business users configure and run matching processes without IT projects. The platform is used for cash and account reconciliation, securities and NAV reconciliation, OTC confirmations, ETD clearing, custody, crypto-holdings controls, and regulatory transaction reporting under regimes such as EMIR, MiFID II, ASIC and CFTC.
The product spans four connected capabilities: Extract & Load (with Adaptive IDP, a deep-learning document-extraction engine for PDFs, emails and images), Transform & Prepare (no-code data normalisation using a Natural Rule Language), Reconciliation (a fuzzy-matching engine with configurable tolerances and an agentic rule builder), and an Agentic Workspace layer that lets AI agents build, optimise and investigate exceptions in reconciliation processes with human-in-the-loop approval. Duco reports typical reconciliation build times of around 5 days versus a 74-day industry average it cites, with some builds completed in hours.
Duco is used by more than 150 financial institutions, including 15 tier-one banks, among them HSBC, Deutsche Bank, ING, Santander, Northern Trust, Mizuho, Man Group, Citizens Bank and State Street. In 2024 it acquired Intelligent Document Processing company Metamaze to extend its Adaptive IDP capability. The company is UK-headquartered (Duco Technology Limited, London) with additional offices in New York, Wroclaw, Antwerp and Singapore, and is data-agnostic rather than built around certified connectors to specific ERP systems, favouring plug-and-play ingestion of structured and unstructured data from any source.
Screenshots & demo
Screenshots sourced from Duco Technology Limited.
Features & capabilities
Data Extraction & Ingestion
Adaptive IDP and generic data-agnostic ingestion of structured and unstructured sources.
- Adaptive IDP intelligent document processing for PDFs, emails and images
- Deep-learning extraction engine using proprietary NLP models
- Handles flat files, CSV and ISO message formats alongside documents
- Requires as few as ~10 example documents to train a new extraction model
- Multi-task learning lets one trained model serve multiple projects
- Human-in-the-loop validation improves extraction accuracy over time
Data Transformation & Preparation
No-code normalisation and enrichment ahead of matching.
- Natural Rule Language for no-code transformation and mapping rules
- Agentic rule builder that constructs transformation rules from prompts
- Consolidates data from multiple sources (brokers, fund administrators, regulators, underwriters)
- Enrichment from reference tables and external sources
- Real-time detection of errors and omissions at the data source
- On-demand exports and scheduled snapshots to downstream systems
Reconciliation & Matching
Schema-free matching engine for internal and external reconciliations.
- Fuzzy matching with user-managed tolerances to filter false exceptions
- AI-driven match-field prediction to accelerate configuration
- Schema-free, data-agnostic matching model that adapts to changing file formats
- External account reconciliation (internal book of record vs. bank/custodian)
- Internal reconciliation including ledger vs. sub-ledger and suspense accounts
- Time-based and event-triggered scheduling of reconciliation runs
- Sandbox/UAT environments for testing before go-live
Exception Management
Single-screen workflow for triaging and resolving breaks.
- Single-screen workflow for labelling, commenting, assigning and resolving breaks
- Automated, rule-based exception triage
- Agentic exception investigation that surfaces only breaks needing human attention
- Root-cause analysis support within the exception workflow
- Audit and evidence generation for reviewed exceptions
Agentic Workspace
AI agents that build, optimise and investigate reconciliation processes.
- Agentic process building from conversational prompts
- Agentic process optimisation that analyses outcomes and suggests improvements
- Legacy end-user-computing (EUC) spreadsheet replacement
- Conversational querying of run results and breaking fields
- Human approval required before agent actions are applied
Reporting & Governance
Dashboards, retention and access controls.
- In-platform management information (MI) dashboards
- Multi-year historical data retention
- Integration with Tableau and Power BI for visualisation
- Fine-grained, role-based permission controls
- Full audit trail of results and user actions
- SOC 2 Type 2 and ISO 27001-certified operations
Common use cases
- Automating cash account reconciliation between an internal book of record and bank or custodian balances
- Securities, NAV and broker-control reconciliation for asset managers
- OTC confirmation matching between counterparties
- Exchange-traded derivatives (ETD) clearing reconciliation
- Regulatory transaction and position reporting reconciliation under EMIR, MiFID II, ASIC and CFTC
- Custody reconciliation across custodians and internal ledgers
- Cryptocurrency holdings and wallet-balance controls
Strengths & considerations
Strengths
- Data-agnostic, schema-free matching engine that ingests structured and unstructured data (including PDFs, emails and images via Adaptive IDP) without pre-built system connectors
- No-code Natural Rule Language plus an agentic rule builder that Duco reports cuts typical reconciliation build time from an industry average it cites of 74 days to around 5 days
- Agentic Workspace layer that lets AI agents build, optimise and investigate reconciliation processes with human-in-the-loop approval rather than only running pre-configured matches
- Used by 150+ financial institutions including 15 tier-one banks, with SOC 2 Type 2 and ISO 27001 certification
Considerations
- Data-agnostic architecture rather than pre-built, certified connectors to specific ERP systems (SAP, Oracle, NetSuite, etc.) - integration relies on generic file, API and document ingestion rather than named ERP connectors
- Positioned for capital markets and financial-services operations (banks, asset managers, brokers) rather than general corporate ERP buyers
Pricing
No published pricing. Duco cites deployment live within 24 hours, initial results within 30 days, and includes sandbox/UAT environments as part of implementation. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS, hosted on AWS across multiple regions with high-availability configuration
- Compliance
- SOC 2 Type 2, ISO 27001
About the vendor
- Headquarters
- London, United Kingdom
Alternatives to Duco in Bank Reconciliation
Duco — frequently asked questions
What does Duco reconcile?
Duco is used for cash and account reconciliation, securities and NAV reconciliation, OTC confirmations, ETD clearing, custody, crypto-holdings controls, and regulatory transaction reporting under regimes such as EMIR, MiFID II, ASIC and CFTC. It targets financial-services operations teams rather than general corporate finance.
Does Duco connect directly to ERP systems like SAP or NetSuite?
Duco does not publish named, certified connectors to specific ERP systems. It is built as a data-agnostic platform that ingests structured and unstructured data (flat files, CSV, ISO messages, PDFs, emails and images) from any source, so ERP data typically reaches it via file feed, API or document extraction rather than a pre-built ERP connector.
How is Duco priced?
Duco does not publish pricing. It is sold on a quote-based subscription model, and the vendor does not list a self-serve free trial.
How long does it take to build a reconciliation in Duco?
Duco reports a typical build time of around 5 days, compared with an industry average it cites of 74 days, with simple reconciliations achievable in hours using its no-code Natural Rule Language and agentic rule builder.
Is Duco compliant with financial services security standards?
Duco is ISO 27001 certified and undergoes annual SOC 2 Type 2 audits. Data is encrypted at rest and in transit with AES-256, and the platform is hosted on AWS with high-availability configuration across multiple availability zones.
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