June 2019

DUCO ENHANCES EXPERTISE IN CASH RECONCILIATIONS AND CONTROL WITH THE APPOINTMENT OF INDUSTRY EXPERT, NICK NOBLE

Fourteen-year veteran brings comprehensive understanding of financial markets and industry insight.

London and N.Y., 4 June 2019 – Duco, the global leader of enterprise data quality and next-generation reconciliation services, today announced that cash management expert Nick Noble is joining Duco as Product Manager to create a new solution to help banks reconcile and control their cash.

Noble has more than 14 years of experience in the Fintech industry, where he has delivered a range of products all designed to assist financial institutions manage and reconcile their cash and liquidity positions. Noble previously worked with SmartStream Technologies, a global software and managed services provider, where he served as Product Manager for their Cash and Liquidity Management product line.

“Banks are tasked to react to increasing regulatory and operational pressures to monitor and manage their positions and risks,” said Christian Nentwich, founder and CEO of Duco. “We want to help them as they move to digitally transform their data quality and reconciliation operations. We are excited to have someone of Nick’s caliber joining the team. His expertise in cash and liquidity reconciliation will strengthen our offering as we help clients by providing a single, modern approach to data quality and reconciliation that has long been hampered by point legacy solutions”.

Noble’s role within Duco will be to apply its disruptive technology to modernize financial institutions’ approach to cash reconciliation and data quality. Noble will lead the advancement of the company’s current Cash and Nostro offerings which are enhanced by Duco’s agile, end-user empowered platform.

“Robust control and visibility of firms cash is increasingly crucial to financial health and mismanagement of these processes can have disastrous implications,” said Nick Noble, product manager, Duco. “I am excited to join Duco. Their proven, enterprise-ready technology is a step change for the industry and primed for the digital transformation that firms are undergoing as they seek to reduce risk and costs of their most challenging data reconciliation and control issues”.

Duco makes managing data easy.

Duco is a machine learning software and services company that specializes in providing data quality and reconciliation solutions. Its award-winning Duco platform is changing the game as to how financial firms approach their most challenging data quality and reconciliation issues. Duco is only the modern, enterprise-grade alternative to costly and inefficient legacy systems. Its self-service technology allows operations professionals to build and manage reconciliation processes from scratch- without any infrastructure project. The platform can be live for a customer within 24 hours with tangible business results in the first week and ROI within the first 30 days. Headquartered in London, with offices in New York, Luxembourg, Edinburgh, Wroclaw and Singapore, Duco’s customers include global banks, brokers, asset managers, exchanges and middle and back office outsourcers. For more information, please visit: www.du.co