Duco has announced a strategic collaboration with Phoenix Group to modernise the reconciliation infrastructure within its Asset Management division. The project involves creating a unified, cloud-based environment to reconcile investment and accounting records across 20 administrators and various asset classes. This initiative is designed to allow the business to scale efficiently while providing operational teams with a more robust and streamlined platform.
The initial phase of the project will focus on automating the reconciliation between Investment Book of Record (IBOR) and Accounting Book of Record (ABOR) data. This step aims to ensure consistent, auditable controls and full alignment with European Market Infrastructure Regulation (EMIR) standards. By reducing manual intervention in these critical workflows, Phoenix Group seeks to strengthen internal controls and enable teams to take greater ownership of daily operations.
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