Duco Technologies, a fintech provider of data control services, has inked a new commercial agreement with Societe Generale Bank & Trust (SGBT), in a bid to help automate its securities, cash and internal system-to-system reconciliations, per a group statement.
SGBT is a wholly owned subsidiary of Societe Generale – the Luxembourg-based group represents Duco’s latest partnership with other industry participants as it looks to strengthen a number of its operational capabilities. The accord is important as it helps both Duco and SGBT pursue intelligent technology, which it will integrate into its existing suite of products and services.
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According to Christian Nentwich, CEO of Duco, in a statement on the accord: “This agreement is significant as it proves our cutting-edge technology, provided through Software as a Service, can transform data control processes at organisations such as SGBT. It is also the next step in Duco’s global roll-out, providing an additional option for our customers in the Eurozone.”
“Duco Cube represents a new, transformative approach to data management and control that aligns with our forward-thinking culture. With Duco Cube, we can set up and automate a variety of processes with ease, without major development projects. The technology also introduces an additional degree of control, transparency and auditability across our business,” explained Yves Dupuy, Chief Information Officer at SGBT in an accompanying statement.