About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Société Générale Selects Duco Platform as Part of Plan to Reinvent Operations

Subscribe to our newsletter

Société Générale has reach agreement to deploy Duco’s software-as-a-service (SaaS) enterprise reconciliation and control platform as part of its focus on reinventing its operations functions to provide better insights, enhance customer service and improve data governance.

Société Générale will use the Duco platform to automate key reconciliation processes across all business areas, dramatically improving efficiency compared to legacy systems and spreadsheet based processes. It 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 Société Générale’s Global Banking and Investor Solutions business, says: “Innovation and digital transformation are core to our 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.”

Christian Nentwich, CEO of Duco, said, “The advantages of SaaS and self-service solutions in the reconciliation space are clear and we are glad Société Générale 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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Trade South Africa: Considerations for Connecting to and Trading the Johannesburg Markets

Interest among the international institutional community in trading South African markets is on the rise. With connectivity, data and analytics options for trading on the Johannesburg Stock Exchange growing more sophisticated, and the emergence of A2X as a credible alternative equity market, South Africa is shaping up as a financial centre that can offer a...

BLOG

Overbond Integrates Neptune Networks’ Axe Data to Boost Fixed Income Trading Analytics and Automation

Overbond, the fixed income data, analytics and trade automation solutions provider, has announced the integration of axe data from Neptune Networks Ltd., the pre-trade market utility for fixed income assets. This strategic move aims to build upon the capabilities of Overbond’s analytics and trade automation tools for mutual buy-side clients. With the integration, Overbond will...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...