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.
Modules & capabilities
Duco covers 18 of 50 capabilities we track in this category
36%- Bank statement ingestion (SWIFT/BAI2/CAMT/ISO 20022)Handles flat files, CSV and ISO message formatsSupported
- Direct multi-bank connectivityNot evidenced
- Credit card & POS/gateway reconciliationNot evidenced
- Payment processor / PSP reconciliationNot evidenced
- Crypto & digital-asset reconciliationNot evidenced
- Securities, positions & custody reconciliationNot evidenced
“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
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
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Full Duco pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs
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.
What does Duco cost?
Duco prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
13 of the 14 vendors we track in this category publish no list price at all.
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.
Compare Duco head-to-head
The Bank Reconciliation Buyer's Guide
Before you commit to Duco, see how it sits against the 14 bank reconciliation systems we track — on capability, ERP integration depth and what each one actually charges for.
Bank Reconciliation Buyer's Guide
14 systems compared · 2026
ERP Research
- Duco compared side-by-side with 13 alternatives
- ERP integration checklist — what to verify before you shortlist
- The pricing questions that change the quote
- A Duco evaluation brief, included with the guide
Bank Reconciliation Buyer's Guide
Get pricing for Duco
Duco doesn't publish a price. Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what it should cost you — and which alternatives are worth quoting alongside it.