Case Study: a leading UK-based bank achieves faster regulatory reporting and lower reconciliation costs with Duco

Leading UK-based Bank goes live in 24 hours and adds 30 reconciliations in 3 months with Duco

The customer, a leading UK-based bank, faced significant challenges with its outdated reconciliation system, which was not scalable for large volumes of regulatory data, expensive to maintain, and lacked the agility needed for timely MiFID II, EMIR, and Dodd-Frank reporting. As part of a wider transformation program, the bank turned to vendor Duco and its platform to automate data integrity and reconciliation processes.

By implementing the Duco platform, the bank went live in just 24 hours and built 30 regulatory reconciliations within three months. The solution eliminated manual processes, significantly reduced reconciliation costs, and gave the operations team full ownership due to the system's ease of use and transparency. Duco provided the scalable and agile solution needed to ensure accurate regulatory reporting while cutting costs.