Duco

About Duco

Duco is a technology company that provides a no-code, AI-powered data automation platform for financial institutions, insurance companies, and fintech firms. Founded in 2010 by Christian Nentwich and Michael Anthony Marconi, the company is headquartered in London, with offices in the US, Singapore, and Poland. Nentwich, a lifelong technologist, aimed to simplify complex data management by leveraging augmented machine learning and AI, creating a platform that business users could operate themselves without relying on IT departments.

The company's core offering is a cloud-native Software-as-a-Service (SaaS) platform that empowers organizations to automate the entire data lifecycle, from extraction and classification to transformation, reconciliation, validation, and exception management. Duco handles both structured and unstructured data from various sources like PDFs, emails, and spreadsheets, aiming to reduce manual data-related work by up to 90%. Its proprietary matching engine and Natural Rule Language enable users to build complex data processes quickly, replacing legacy systems and improving operational efficiency and data integrity. The platform is utilized by clients for tasks such as data reconciliation, data quality control, and compliance.

Duco operates on a subscription-based business model. Its client base includes 14 of the top 30 global banks, asset managers, and major service providers like CME Group, with which it partnered to streamline fee reconciliation processes for member firms. The company has received funding from investors including Insight Partners, Eight Roads Ventures, and CME Group. In July 2021, Duco was acquired by private equity firm Nordic Capital, which supports its ongoing growth and product expansion. In February 2024, Duco acquired Metamaze, an Intelligent Document Processing (IDP) innovator, to enhance its AI capabilities for handling unstructured data.