This tier one bank wanted to upgrade its current reconciliation system, which was fast becoming unfit for purpose. They needed a new approach to handle the complex data requirements of regulations including MiFID II, EMIR and Dodd-Frank. One that would not only cut costs but also unlock greater agility across its back office processes.
Duco’s flexibility and ease of use means operations staff are empowered to take control of the bank’s data, even in the most complex of circumstances.
Duco was the only solution that the bank considered that would actually reduce costs – and quickly at that, thanks to our software-as-a-service (SaaS) model.
The bank’s operations staff were able to eliminate a number of manual processes and needed little in the way of training. This further reduced costs compared to other vendors.
Duco’s flexibility and ease of use means operations staff are empowered to take control of the bank’s data, even in the most complex of circumstances. For instance, Duco has automated one process that previously required the manual upload of 1600 fields. The intuitive design of the platform means the bank has also freed up pressure on IT.
Managing regulatory data with Duco
Find out more about enhancing data management for regulatory reporting with Duco.