Duco: IDP Software Vendor
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Enterprise data automation platform for capital markets and financial institutions, with agentic AI workspace and AI-native document preparation for post-trade operations.
Overview
Duco provides an enterprise data automation platform for capital markets and financial institutions. Its core argument: legacy OCR and intelligent document processing (IDP) tools are engineered for static formats and fail when input data shifts. The platform's answer is an AI-native stack that adapts in real time, targeting the format variability and reconciliation costs that define post-trade operations.
WatersTechnology named Duco best reconciliation management provider for the second consecutive year in 2024, and the platform won the Best Sell-Side Reconciliation Platform award in 2025, its first win in that category since 2019. Documented customer outcomes include match rate improvements from 60-70% to 90-99% and a 40% reduction in reconciliation breaks.
In November 2025, Duco launched its Agentic Workspace, positioning the platform as "the trusted control layer in an agentic world." The capability combines data automation, exception management, and agentic collaboration in a single auditable environment. Operations teams monitor, adjust, and work alongside AI agents in real time rather than handing off to black-box automation. General availability was targeted for Q1 2026.
In December 2025, Duco acquired Nurdle AI and appointed Jeremy Micley as CEO to operationalize AI safety at enterprise scale, signaling a deliberate shift toward governed autonomous operations rather than unconstrained automation.
Duco also owns Metamaze, a Belgium-based IDP vendor acquired in February 2024, known for proprietary deep learning that requires 50% fewer training documents than comparable approaches.
What Users Say
Practitioners using Duco in capital markets operations consistently highlight two things: the platform's flexibility in standing up new controls quickly, and the quality of match rates on complex reconciliations.
Jason Langley, Director of Accounting and Settlement at Willis Towers Watson, stated in WatersTechnology: "I am delighted with the results we have seen from the Duco platform, which have exceeded our expectations. Given the quality of data, the match rates being achieved are incredibly high. It has been possible to automate large parts of our most complex reconciliation, removing all manual work around matching, categorizing and labelling."
A Vice President of Strategy and Change Management at a top-10 global bank noted via WatersTechnology: "The 'data prep' part that is in Duco is useful and supports data enrichment, which is really good for reconciliations."
Users on SoftwareConnect emphasize the low capital expenditure model: "Duco enables us to quickly and efficiently put controls in place, without incurring big technology cost or capital expenditure in the process." Another reviewer described it as "a new, transformative approach to data management and control."
Rupert Osborne, Chief Executive of Capital.com UK, described Duco as "a flexible, forward-looking partner who can meet our needs both today and into the future," following Capital.com's selection of the platform in January 2026 to automate client and payment reconciliations across international trading operations.
How Duco Processes Documents
Duco's document processing runs on its Adaptive Intelligent Document Processing (AIDP) layer, which combines proprietary AI models with large language models (LLMs) to handle unstructured data extraction. The platform positions this against rule-based OCR on the grounds that static extraction logic degrades when counterparty formats change, a routine occurrence in post-trade environments.
The AIDP layer supports flexible ingestion across a broad range of input formats without reconfiguration, and low-training extraction for new document types. This reduces onboarding friction when adding new counterparties or instruments. Duco has also launched end-to-end reconciliation capability for unstructured data, integrating AIDP directly into the reconciliation workflow rather than treating document preparation as a separate upstream step.
The Agentic Rule Builder, introduced in September 2025, sits on top of the data preparation layer. Users write plain-English prompts; the system converts them into Natural Rule Language (NRL) rules that operations staff can validate, edit, and propagate across multiple processes simultaneously. As Justin Hingorani, Managing Director of AI and Data Prep at Duco, framed it: "OCR and IDP were built for static formats. They break the moment data shifts. Our AI-native approach adapts in real time, making it the only sustainable path forward."
The roadmap includes AI-generated NRL to further accelerate client deployment, though no timeline was disclosed.
No third-party benchmark data comparing AIDP extraction accuracy against named competitors was available in source material. The competitive framing remains directional pending independent validation.
Use Cases
Capital markets and post-trade operations
Post-trade reconciliation is the primary pressure point Duco addresses. Format variability across counterparties is high, reconciliation errors are costly, and operations teams rather than developers typically own the business logic. The Agentic Rule Builder targets this directly: plain-English rule authoring removes the developer dependency for rule creation and propagation, while the auditable Agentic Workspace gives operations staff real-time visibility into what automated agents are doing and why.
Exception management and workflow optimization sit within the same environment, so escalations from automated processing to human review happen inside a single interface rather than across disconnected systems. AI-powered label prediction automates exception categorization, reducing the manual triage burden on operations teams.
Financial institution automation
For broader financial institution deployments, Duco's governance architecture is the differentiating claim: human oversight, explainability, and the ability to adjust automated behavior in real time. This positions the platform for regulated environments where straight-through processing (STP) must coexist with audit requirements. ISO 27001 and SOC 2 Type 2 certifications support enterprise security requirements, and the platform includes accelerated EMIR Refit readiness with ISO XML schema support and automatic process templates for regulatory compliance automation.
Recent enterprise partnerships illustrate the breadth of the customer base. Capital.com selected Duco in January 2026 for global reconciliation automation. Phoenix Group partnered with Duco in December 2025 to modernize reconciliation infrastructure. Duco also established a strategic partnership with CIBC Mellon for enterprise data automation, per Nordic Capital.
Technical Specifications
| Feature | Details |
|---|---|
| Platform type | Enterprise data automation with agentic AI capabilities |
| Target market | Capital markets firms, banks, asset managers, brokers, custody providers, insurers |
| Deployment | 100% cloud SaaS; 24-hour deployment claimed; 30-day results timeline |
| Document processing | Adaptive Intelligent Document Processing (AIDP): proprietary AI models + LLMs |
| Rule authoring | Agentic Rule Builder: plain-English to Natural Rule Language (NRL), no-code |
| Data preparation | Flexible ingestion, low-training extraction for new document types |
| Reconciliation | AI-powered label prediction, exception management, end-to-end unstructured data reconciliation |
| Governance | Full oversight, explainability, human control, auditable environment |
| Certifications | ISO 27001, SOC 2 Type 2 |
| Base pricing | $80,000/year (100K daily record ingestion, 50 process inputs); volume increments of 100K records up to 500K daily at $40,000 per increment (AWS Marketplace) |
| Sustainability claim | 60-80% reduction in carbon emissions vs. on-premises (self-reported, AWS Marketplace) |
Pricing note: Figures above are from Duco's AWS Marketplace listing and represent the base tier. Enterprise contracts may differ. The 60-80% carbon reduction claim is self-reported and carries no independent verification.
Resources
- Website: https://du.co
- Agentic Workspace announcement: BusinessWire, November 2025
- Nurdle AI acquisition: AIThority, December 2025
- WatersTechnology 2024 award: Best Reconciliation Management Provider
- WatersTechnology 2025 award: Best Sell-Side Reconciliation Platform
- Capital.com partnership: LeapRate, January 2026
- AWS Marketplace listing: Duco on AWS Marketplace
- Third-party coverage: Intelligent Document Processing Weekly Recap #173
Company Information
London, United Kingdom. 210 employees. EUR 40 million in 2024 revenue. Backed by Nordic Capital, which acquired Duco in 2021.
Web: https://du.co
Duco acquired Metamaze in February 2024, adding a Belgium-based IDP specialist with proprietary deep learning to its post-trade automation stack. In December 2025, Duco acquired Nurdle AI and appointed Jeremy Micley as CEO, prioritizing AI safety governance as the platform moves deeper into autonomous operations.
The customer base spans global banks, asset managers, brokers, custody providers, exchanges, and insurers. CB Insights reported a Mosaic Score decline of 26 points in the 30 days prior to April 2026, a financial health signal worth monitoring, though the company's revenue scale and recent enterprise partnerships suggest continued operational stability.
For context on the agentic AI direction Duco is pursuing, see the Agentic Document Processing capability page and the agentic document processing guide.