About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Duco Releases Out-of-the-Box Data Controls to Accelerate Compliance with EMIR Refit

Subscribe to our newsletter

Duco, a SaaS provider of AI-powered data automation, has released pre-configured processes to help financial institutions meet the requirements of EMIR Refit, which comes into play on 29 April 2024 in the EU and 30 September 2024 in the UK, and includes additional reporting fields, the Unique Product Identifier (UPI) and Unique Trading Identifier (UTI).

The Duco out-of-the-box processes provide data controls between trade capture, trade reporting store and trade repository in line with EMIR Refit ISO XML formatting. They also include operational dashboards for improved oversight and exception management, intelligent root cause analysis suggestions, and a workflow engine to appropriately route and remediate exceptions.

“Preparation for the Refit is heating up,” says James Maxfield, chief product officer at Duco. “We are seeing firms struggling with legacy providers. Some systems can’t manage the number of columns and fields, which means firms have to break up reconciliation processes. Others generate so many breaks in internal control reconciliations that firms can only reconcile weekly, which won’t be adequate for ESMA’s increased expectations around data integrity. Data quality is also continuing to degrade. Duco’s solution embeds data quality checks into matching rules and completeness checks to ensure trusted data.”

The solution takes a few days to deploy, doesn’t require any build, and manages regulatory changes within the SaaS model.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

ISDA Taps Gentek AI for DRR Traceability Tool

The International Securities Swaps and Derivatives Association has selected Gentek AI to build a traceability tool for Digital Regulatory Reporting (DRR). Gentek will develop a tool designed to let users track the history of DRR decision-making and connect coding choices back to regulatory requirements. The story behind the announcement is that Gentek comes to the...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...