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: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

WFE Signals Extended Trading Hours Feasible, but Warns Settlement Systems Must Catch Up

The World Federation of Exchanges (WFE) has published new research concluding that extended trading hours, including near round-the-clock markets, are technologically feasible, but their long-term sustainability depends on coordinated reform across clearing, settlement and payment infrastructure. In Extending Exchange Trading Hours, the WFE examines proposals from major U.S. exchanges to expand equity trading toward 22-...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th 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

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...