Case Study: a global custodian saves $3m a year by consolidating reconciliations with Duco

Global Custodian saves $3m a year with Duco

The customer, a global custodian bank, faced challenges with outsourced reconciliations using an on-premise legacy system. They sought more control, agility, and cost savings by bringing these processes in-house. They chose Duco's no-code platform to consolidate their data and empower their business users.

By implementing Duco, the bank consolidated 118 reconciliation processes, automated data quality controls, and decommissioned multiple legacy systems. This resulted in annual savings of $3 million, a significant reduction in manual work, and freed up resources to focus on new projects. Duco provided the agility and risk mitigation needed for this highly regulated institution.