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: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

Basel III / FRTB: One Framework, Multiple Timelines, Mounting Pain for Global Firms

For much of the past decade, Basel III has been discussed as a global regulatory reform programme moving at uneven speed, but broadly in the same direction. The UK Prudential Regulation Authority’s confirmation of its Basel 3.1 timetable brings welcome clarity for firms operating in the UK market, yet it also underlines a deeper reality:...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...