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: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Data Platform Modernisation: Why The Hardest Problems Are No Longer Technical

Capital markets firms pursuing data platform modernisation have largely solved the technical challenges of compute and storage, but the organisational, governance and architectural decisions surrounding those platforms remain stubbornly difficult, according to practitioners from Northern Trust, RBC Wealth Management and LSEG, speaking at a recent A-Team Group webinar entitled Data platform modernisation: Best practice approaches...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...