Duco Launches Big Data Platform for Analytics

Duco, the data engineering technology company, announced the launch of the Duco Cube Data Platform. This extension of Duco Cube, the cloud-based normalization and reconciliation system, enables users to access up to 10 years’ worth of results and exception data via a Hadoop-based big data infrastructure.

Clients can easily connect in-house or third-party tools, such as Tableau, Power BI and QlikView, for monitoring, trend analysis, reporting and analytics. Three customers are already live on the platform.

Financial institutions of all sizes are spending significant time and effort to try to break down data silos and extract value from their data. Operational processes such as reconciliation provide a particularly valuable source of data, as it is regularly cleaned and signed off for audit purposes.

The Duco Cube Data Platform captures amounts of data that are practically unlimited for most businesses and is a key enabler for strategies that involve real-time analytics, continuous operational improvement and machine learning.

Duco’s clients can now access data that was previously siloed in spreadsheets, legacy systems, geographies, external counterparties or proprietary networks such as SWIFT, without complicated infrastructure projects.