During the judging period the company more than quadrupled its client base and significantly enhanced its product offering.
Since its launch, Duco Cube has been adopted and been developed to meet the data management demands of the listed and OTC cleared post trade environment and the wider financial community.
The enhancement enables clients to encrypt confidential data such as client IDs and was requested by a number of larger banks.
The firm is also building out capabilities in the Cube to process reference data and other data sets such as FX values and account codes mapping. All of this is built into software that can learn about the data on the fly.
The cost model provides a transparent and measurable ROI to both global ‘tier 1’ banks and buy side hedge funds.
“We are on a journey to make it easier for people to reconcile data bringing intelligence to the workflow,” he says.
Being software-as-a-service hosted, Duco can deliver upgrades to clients on a monthly basis across the client base eliminating the need for costly upgrades or implementation.
The judges praised the ability to customise the offering to clients. “Duco Cube promises to have a very wide coverage along with high customisability and agility of software change,” said one.
Duco is a technology company focused on simplifying complexity by employing advances in computer science research. Its award-winning hosted reconciliation service, Duco Cube, enables firms to control complex data using light-touch, self-service technology.