Currencycloud Turns to Duco

Currencycloud, an international payments engine, has announced that it will use technology from Duco, a fintech that provides data control services for a variety of operational functions including cash, trade-to-cash, and bank cash flow reconciliations. 

“We are excited to be working with an innovative firm focused on using technology to drive change across the industry – which is also one of Duco’s core missions,” says Christian Nentwich, CEO of Duco. “Currencycloud’s payment engine streamlines processes, reduces manual intervention and cuts inefficiencies in currency transfers, which is exactly what we are achieving for firms in the data control space.  We look forward to a long and successful partnership.” 

Jon Burrell, VP of operations at Currencycloud, adds: “We are looking to Duco to transform and streamline our reconciliation process. As our volume grows and our network expands, we needed to invest in automating our reconciliations to ensure we keep client funds properly protected and handle the transactions across multiple providers. Duco stood out for their flexible and scalable product and the ease and speed of implementation.” 

Galen Stops

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