Societe Generale uses the Duco platform across their enterprise to provide a global reconciliation and control solution. Our solution is a key pillar in supporting their focus on reinventing operations functions to provide better insights, enhance customer service and improve data governance.
The move to deploy Duco enterprise-wide followed a successful implementation with Societe Generale Bank & Trust in 2017 in which Duco automated a number of key processes including securities, cash and internal system-to-system reconciliations.
The French bank and global provider of financial services uses our agile cloud-based platform to automate key reconciliation processes across all business areas. This dramatically improves efficiency compared to legacy systems and spreadsheet-based processes.
“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.”
In addition, Duco’s API enables Societe Generale to provide external reconciliation services to its clients in their capital markets business. This further adds value to their trade execution and clearing services.