Six Types of Cybercriminal to Avoid BAE Systems, the London-based, multinational security company, recently released profiles of “six prominent types of cybercriminals” and detailed how they could hurt companies around the globe, officials say. Threat intelligence experts at BAE Systems have compiled a list, “The Unusual Suspects,” that has been created from “research that uncovers… Read More >>
Recs Rivals Duco and Gresham Computing Make Forays into North America
Duco Establishes U.S. Subsidiary, Opens First North American Office in New York and Appoints a Chief Revenue Officer Duco, a London-based fintech provider of hosted reconciliation services, reports that it has established a U.S. subsidiary, Duco Technology, Inc., and opened its first North American office, in midtown Manhattan. In addition, Duco’s first New York-based hire,… Read More >>
ICAP Invests More in Recs Upstart Duco
Interdealer broker ICAP, a markets operator and provider of post-trade risk mitigation and information services, reports that it has made an additional investment in Duco, a London-based fintech provider of hosted reconciliation services. Terms of the new investment, made via Euclid Opportunities, ICAP’s early-stage fintech funding business, which first invested in Duco in 2012, were… Read More >>
RJO Takes a Hosted Leap into Recs Automation
Chicago-based futures brokerage and clearing firm, R. J. O’Brien & Associates (RJO) has gone from manual reconciliation to a hosted system that has allowed staff members to leapfrog into automation, even shrinking one process from a tedious 48-hour effort to minutes, says Jamal Oulhadj, senior managing director and chief risk officer of RJO. Since last… Read More >>
Duco Signs Four Firms for Recs Product
Duco, a London-based provider of hosted reconciliation services, has signed four new customers in the past five weeks, officials say. China Merchants Securities (CMS) is the latest to adopt Duco Cube for its reconciliation and matching needs, signing last Friday, officials say. They are joined by two unnamed North American banks, a Japanese financial institution,… Read More >>
Mark Beeston to Serve as Duco Chairman
Start-up Duco, a vendor of hosted reconciliation services, has appointed industry veteran Mark Beeston as its new chairman. Beeston most recently founded Illuminate Financial Management in February 2014, where he is CEO, after four years at interdealer broker ICAP where he was CEO for ICAP’s post-trade risk business. Prior to ICAP, Beeston spent four years… Read More >>
