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: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

Banks Should Optimise Collateral in 2026 to Lay the Groundwork for Greater Efficiency and Innovation

By James Pike, Chief Revenue Officer and Head of Strategy, Taskize. Collateral teams have been tested in 2025. Banks have weathered multiple bouts of high volatility, including the fallout from ‘Liberation Day’ and sell-offs over fears of a possible AI bubble. Sharp spikes in volatility across multiple asset classes have the potential to disrupt collateral...

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

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...