Duco levert global enterprise verzoenings- en controleoplossingen aan Société Générale

LONDEN –(BUSINESS WIRE)–

Innovatief Duco-platform ter ondersteuning van de focus van Société Générale op het opnieuw uitvinden van haar operationele functies om een beter inzicht te verschaffen, de klantenservice te verbeteren en het gegevensbeheer te verbeteren.

Duco, het bedrijf voor enterprise software as a service (SaaS) kondigde vandaag een overeenkomst aan met Société Générale, de Franse bank en wereldwijde aanbieder van financiële diensten, om Duco’s platform binnen de groep in te zetten als een van haar primaire afstemmings- en gegevensbeheersystemen.

Société Générale zal gebruik maken van Duco’s innovatieve platform om belangrijke afstemmingsprocessen in alle bedrijfssectoren te automatiseren, waardoor de efficiëntie drastisch wordt verbeterd in vergelijking met legacy systemen en spreadsheetgebaseerde processen. Société Générale zal ook gebruik maken van de API van Duco om externe afstemmingsdiensten te leveren aan haar klanten in haar kapitaalmarktactiviteiten en zo waarde toe te voegen aan haar diensten op het gebied van handelsuitvoering en clearing.

Duco Delivers Global Enterprise Reconciliation and Control Solution to Societe Generale

LONDON–(BUSINESS WIRE)–

Innovative Duco platform to help support Societe Generale’s focus on reinventing its operations functions to provide better insights, enhance customer service and improve data governance.

Duco, the enterprise software as a service (SaaS) company today announced an agreement with Societe Generale, the French bank and global provider of financial services to deploy Duco’s platform across the group as one of its primary reconciliation and data control systems.

Societe Generale will use Duco’s innovative platform to automate key reconciliation processes across all business areas, dramatically improving efficiency compared to legacy systems and spreadsheet-based processes. Societe Generale will also use Duco’s API to provide external reconciliation services to its clients in its capital markets business, adding value to its trade execution and clearing services.

Estelle Letribot, Global Head of Reconciliation Post Trade in Societe Generale Global Banking and Investor Solutions, said, “Innovation and digital transformation are core to Societe Generale’s strategy, both internally and for our clients. By working with Duco, we have an opportunity to reinvent our operations, introducing agility, automation and machine learning in a function that has traditionally proved very expensive and time consuming.”

Cristóbal Conde, Duco advisor and former CEO of SunGard, adds, “This is the first time in more than a decade that a new reconciliation model for financial services firms is emerging and being put to use in a core, mission critical function. The transformation of the reconciliation process from installed point solutions towards Software as a Service and more intelligent user-driven controls is proving compelling from a cost and risk perspective, and is gathering pace.”

Christian Nentwich, CEO of Duco, said, “The advantages of SaaS and self-service solutions in the reconciliation space are clear and we are glad that Societe Generale shares our vision. With machine learning and cloud-based delivery models now ready for prime time, the industry is rapidly going through a major transformation towards agile services like Duco that mutualise cost and remove unnecessary manual work.”

About Duco
Duco’s mission is to make managing data easy. Financial services firms rely on us to reduce costs and dramatically improve efficiency in reconciliation and other data integrity tasks. Our self-service, cloud-based tools empower users to aggregate, normalise and reconcile any type of data on demand. Customers are live in 24 hours, with results in 7 days and tangible business value in 30 days. Headquartered in London, with offices in New York, Luxembourg, Edinburgh, Wroclaw and Singapore, Duco’s customers include global banks, brokers, asset managers, exchanges and middle and back office outsourcers. For more information go to www.du.co

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Contacts

Duco
Chris Peacock
press@du.co
+44 (0)20 3111 9294