Duco, the UK based global provider of self-service data integrity and reconciliation services announced the formation of a new growth advisory council to support its product and market expansion.
The group consists of leaders in financial services and technology, including senior management of leading global institutions: Philippe Buron, formerly of Societe Generale and BNP; Don Callahan, formerly of Citi; Mandy DeFilippo, of Morgan Stanley; Jonathan Greenwood, of ABN Amro; Doug Hague, formerly of Bank of America; James Hardy, of State Street; Ignacio Lopez-Perea, formerly of BBVA; Slava Shafir, of Barclays; Stuart Sinclair, board member at Lloyds Banking Group and QBE.
Many members have been in executive positions overseeing large scale data programmes, digital transformation initiatives, wholesale cloud strategy changes, regulatory compliance implementations, and associated operational changes. The Growth Advisory Council will be focused on strategic thinking for the next five to ten years, anticipating market demand and particularly mega-trends such as the evolution of data functions in large businesses, the impact of regulatory and data protection fragmentation across the globe, and the evolution of machine learning.
Commenting on the formation of new group, Christian Nentwich, Chief Executive Officer of Duco said, “Data is a key board room subject for the world’s biggest businesses, but it is a difficult and abstract area for major companies, with much noise in the market and lack of clarity on where investment is needed. We are pleased that we managed to bring such a prestigious group of people together to help us connect the technology and board agenda, and to make sure that we lead the industry forward”.
Earlier this month, the firm made headlines for the launch of a new OTC and ETD clearing reconciliation service. This new process will see the elimination of manual effort required in the usual process while giving users better risk management and control. In the traditional process, the clearing service will pass via central counterparty and face challenges due to various factors such as Multiple products, Multiple CCPs, regional variation in compliance requirements, poor quality or inaccurate data due to lack of standardization, etc..
Duca’s new method eliminates these challenges by enabling middle and back-office experts to set up and manage these process themselves thereby providing its clients with fast and accurate data ingestion, automated workflow and efficient reconciliation build thereby providing them with robust controls in a matter of hours compared to the usual time frame of weeks and months.
Source: Official PR