Breaking News
Duco partners with Phoenix Group to Modernise Data Reconciliation Across Asset Management
Duco, a leading SaaS provider of AI-powered operational data automation, has announced a strategic collaboration with Phoenix Group, one of the UK’s largest long-term savings and retirement businesses, to modernise reconciliation infrastructure, empower operational teams, and scale efficiently across its Asset Management division.
The project will create a unified, cloud-based environment for reconciling investment and accounting records across 20 administrators and multiple asset classes. By simplifying these critical workflows, Phoenix aims to strengthen controls, reduce manual intervention, and give its teams greater ownership of daily operations.
Philip Shaw, Asset Management COO of Phoenix Group, said: “Bringing our reconciliation infrastructure to the cloud is a key part of our operational strategy,” said Shaw. “With Duco, we can manage change more quickly, reduce reliance on IT support, and establish a consistent model for how data is reconciled across the business.”
“The relationship with Duco has been open and collaborative from the start,” added Shaw. “We value the team’s understanding of our environment and their commitment to helping us build a system that supports future growth.”
The initial phase will focus on automating reconciliation between Investment Book of Record (IBOR) and Accounting Book of Record (ABOR) data, ensuring consistent, auditable controls and alignment with European Market Infrastructure Regulation (EMIR) standards.
Michael Chin, Chief Executive Officer of Duco, said: “Phoenix Group represents the kind of institution Duco was made for: complex operations, multiple data sources, and a clear drive for efficiency and control. We’re delighted to support them in building a reconciliation platform that’s fit for the next decade.”
People In This Post
Companies In This Post
- TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity Read more
- A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech Read more
- Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience Read more
- Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S. Read more
- Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance Read more
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk
Findity Launches its Embedded Expense Platform in the U.S.
Findity, the leading provider of embedded expense management, today announced its official entry into the U.S. market. This milestone marks a significant step in Findity’s global growth strategy, bringing its AI-powered, card-agnostic expense platform to U.S. businesses – enabling them to offer seamless expense management directly within their own products.
Lovey Integrates Funding Circle’s API to Increase Customer Efficiency
Lovey (formerly Love Finance), one of the UK’s fastest-growing SME lender and broker, has today announced its integration with Funding Circle, the UK’s leading SME finance platform, to create significantly faster application journeys for customers. Funding Circle’s API will be integrated directly into Lovey’s platform to create a more seamless experience and reduce friction through direct API connectivity.
DBS Enhances Spark GenAI Programme to Fast Track SME AI Adoption in Support of Singapore’s AI Ambitions
DBS, EnterpriseSG, and the IMDA, announced an enhanced version of its Spark GenAI programme[1] to help SMEs fast track their AI transformation journeys
Monument Technology Partners With Castle Trust Bank on Platform Deal
Monument Technology has announced a partnership with Castle Trust Bank deploy its BPaaS, marking its second major client and first UK-regulated bank client
Ohpen transforms Dudley Building Society Intermediary Experience
Ohpen’s mortgage origination and intermediary portal is now live with Dudley Building Society, marking a significant step forward in the Society’s digital transformation programme.
TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience
Ethos and Liberty Mutual Insurance, announced they are working together to expand the reach of Liberty Mutual's direct-to-consumer life insurance offering
Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S.
Simply Business, a digital insurance marketplace for small businesses, announced the launch of its business insurance app in ChatGPT in the U.S
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors
Hippo announced the appointment of its current EVP and Chief Strategy Officer and former Chief Financial Officer, Stewart Ellis, to the Company's Board of Directors
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk