DDuco offers a no-code, AI-powered data automation platform for financial services to automate the full data lifecycle, from extraction to reconciliation and exception management. The cloud-native SaaS product handles both structured and unstructured data (like PDFs, emails, and spreadsheets) and lets business users build complex data processes using a proprietary matching engine and Natural Rule Language. This differentiates Duco from competitors by enabling self-service, non-IT workflow creation, strong unstructured data processing, and targeted financial workflows such as post-trade data reconciliation, while serving leading banks, asset managers, and service providers. The company’s goal is to improve data quality, integrity, and compliance while boosting operational efficiency for its financial services clients.
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Industries
Company Size
201-500
Company Stage
Series B
Total Funding
$28M
Headquarters
London, United Kingdom
Founded
2010
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Total Funding
$28M
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Pirum appoints Ray Wong as Director of Product - AI & Data. Senior leader in agentic AI and capital markets data products joins to accelerate Pirum's Data-driven AI Solutions portfolio. London, UK, 9 September 2026 - Pirum, the global leader in securities finance automation and connectivity across the full trade lifecycle, has appointed Ray Wong as Director of Product - AI & Data to further accelerate the firm's ongoing development and roll-out of agentic AI products. His appointment builds on Pirum's advanced AI-first product strategy, underpinned by over 25 years at the centre of the securities finance market. Today, the Pirum network connects more than 150 global financial institutions and processes $6.5 trillion in daily transactions - the foundation on which its next generation of agentic AI products is already being built, and which Wong's arrival will help scale further. Wong brings 20 years of product leadership experience across capital markets technology, having led engineering, sales, and product teams in Asia, Europe and North America. Wong joins from Duco, where he led product management across the firm's capital markets automation suite. His prior roles include Head of Innovations at AG Delta, a Singapore-based fintech, where he built structured products platforms connecting private banks with market makers, and Product Specialist at Reuters, covering treasury and risk across major banks in Asia. Ray Wong said: "I am excited to join Pirum, a firm with over a quarter of a century of network depth behind it. The data standard and global connectivity that we have built up is what gives Pirum's AI strategy a formidable foundation. The market is ready, and so is the technology. I am looking forward to working with the leadership team across EMEA and North America, as well as our clients worldwide, and bringing to market products that give securities finance desks a measurable operational advantage." Ben Challice, CEO of Pirum, said: "Ray brings exactly the combination we need at this point in Pirum's development: deep experience in capital markets technology, a builder's instinct paired with a commercial mindset, and a clear view of where AI is going across capital markets. We have already built strong momentum in moving agentic AI from pilot to production in a regulated setting, and Ray's experience doing exactly that means he can help us invest further and move even faster on what we're building." About Pirum Pirum was founded in 2000 with the objective of automating the securities finance and collateral management industries. The Software as a Service (SaaS) platform has since become the industry gold standard, globally, for automation and connectivity solutions. Today, the Pirum product suite, which uniquely covers pre- and post-trade flows as well as collateral management functionality, is used and trusted by over 150 leading financial institutions around the world, covering both buy- and sell-side activities. Pirum delivers automation, operational efficiency and resilience, reduced cost, and facilitates regulatory compliance for its network of clients, who use Pirum's solutions to connect, communicate, and process their trades, as well as manage and optimise their collateral in global financial markets. By connecting industry participants around the world, the Pirum dynamo sits at the heart of a complex multi-party financial markets ecosystem, all the while increasing transparency and resilience, streamlining operations and fostering collaboration. www.pirum.com Media contact Markus Coleman Director of Marketing [email protected]
Duco has launched what it calls the first agentic Operations platform for financial services, built on infrastructure that processes 20 billion transactions monthly for over 200 clients, including seven of the top 20 banks. The platform provides autonomous agents with discrete capabilities covering reconciliation, data preparation, audit trails and exception management through Model Context Protocol. Ten firms are already using Duco agents in production, with early deployments reducing reconciliation process setup from two days to four hours. Duco has established a "Pacesetters cohort" of post-trade Operations leaders who receive first access to new capabilities and influence product development. The company, headquartered in London, serves more than 10,000 users across 30 countries. Applications for the next Pacesetters wave are now open to qualifying financial services firms.
Duco launches agentic operations platform. 27 May 2026 UK Reporter: Zarah Choudhary Duco has launched its first agentic operations platform for financial services. The platform is built on Duco's existing infrastructure, which the company says processes 20 billion transactions per month for more than 200 clients. According to Duco, the platform combines post-trade operational tools with autonomous agent capabilities designed to operate at scale. The launch includes a new agent layer built using Model Context Protocol, which provides capabilities across reconciliation, data preparation, data access, audit trails, exception management, and document creation. Duco says the platform has been designed to provide agents with a deterministic and auditable toolset for post-trade operations, rather than replacing existing matching, rules or audit processes. Christian Nentwich says: "For more than a decade, its clients have trusted Duco to reconcile the most complex data in capital markets. They are now telling Assetservicingtimes that agents will run a meaningful share of post-trade operations within three years. Duco is assembling the most powerful set of tools and context ever built for operations to enable this. "What we are launching today is not another AI feature. It is the operating system for post-trade in the agentic era." Previous technology article Next technology article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Exclusive: founder Christian Nentwich returns as Duco CEO. Nentwich created and previously led the London-based company for almost 14 years before handing over to former Broadway Technology chief Michael Chin in January 2024. March 16, 2026 Image: Duco Christian Nentwich has returned as CEO of data automation company Duco, effective 16 March 2026, FinTech Futures can exclusively reveal. Duco is a no-code platform designed to allow operations and finance teams to manage, ingest, reconcile, and validate structured and unstructured data types using AI technology. Nentwich created and previously led the London-based company for almost 14 years before handing over to former Broadway Technology chief Michael Chin in January 2024. In an interview with FinTech Futures discussing his return to the CEO role, Nentwich says he has remained "very close to the company" as a board member since his initial departure from direct leadership two years ago. Explaining his decision to reassume the position of CEO, Nentwich says: "We need to take the exponential explosion in model capabilities very, very seriously," adding that "Duco is working with our customers to rapidly innovate in this space and make sure that they can safely adopt AI operations in financial services". "Day one, I'm reaching out to our top customers to say that I'm back, and that the focus is product innovation and helping you navigate the AI journey, because it's difficult in regulated industries," Nentwich outlines for week one priorities. He also plans to speak with every employee in his first week - "almost 200 people", he says. Following a planned transition, Chin will step down as CEO and continue to support the board and leadership team as a senior advisor, maintaining select customer relationships to "ensure a smooth handover", Nentwich says. He notes how the handover comes with stronger operational foundations, stating that "Michael is handing me more of an engine than we've had before to deliver here". Nentwich emphasises that Chin remains closely involved, noting the two are speaking almost daily during the transition. As CEO, Chin notably led the acquisition and integration of Antwerp-based start-up Metamaze in February 2024 and worked to enhance Duco's intelligent document processing (IDP) capabilities. The purchase, along with wider company activities, has received continued support from majority shareholder Nordic Capital. On this front, Nentwich added that the company is not planning to raise additional capital at this time, with profitability expected this year. Reporter, FinTech Futures Tyler Pathe is a financial reporter, moderator and investigator with a specific interest in financial technology, banking and the financial industry's latest innovations. Webinar | 26 March | The future of fintech marketing: Strategies for success in 2026 Join us to explore the future of fintech marketing and unlock strategies for success in 2026!
Capital.com selects Duco to transform its client and payment reconciliations. Capital.com, a global fintech group and online trading platform has selected data automation platform Duco to transform its critical client and payment reconciliations. Duco's AI-powered platform will provide Capital.com with a solution to strengthen its control environment and effectively manage the growing volume and variety of data inputs inherent in complex reconciliations, the firm notes. Additionally, Duco's approach will help Capital.com increase efficiency, aimed at reducing operational risk, and build a foundation to access new markets sustainably across multiple jurisdictions. Rupert Osborne, CEO of Capital.com UK, says: "As Assetservicingtimes continue scaling its multi-jurisdictional business, establishing a strong reconciliation capability, deployable for a wide array of use cases and regional requirements, will be vital. "Duco has proven to be a flexible, forward-looking partner who can meet our needs both today and into the future." Michael Chin, CEO of Duco, adds: "Assetservicingtimes is pleased to welcome Capital.com as a Duco client. Reconciliation is not just a task, but a strategic capability. "We're proud to support their operations with automation and strategic AI capabilities that delivers transparency, control, and the flexibility to grow across markets and regulatory regimes."
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
201-500
Company Stage
Series B
Total Funding
$28M
Headquarters
London, United Kingdom
Founded
2010
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs