Duco launches new reconciliation solution 19 March 2019London Reporter: Becky Butcher
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Data engineering technology company Duco has launched a self-service reconciliation solution, Duco Cube.
The new hybrid SaaS solution enables banks to deploy Duco’s data reconciliation service on its own private or public cloud.
As part of the launch, Julian Trostinsky has been hired as vice president of global services and will be taking ownership of the new solution.
As part of his new role, he will build out a larger global services division that will offer onboarding acceleration of customers’ reconciliations, advice on market best practices, operation transformation and total cost of ownership reduction services in the reconciliation space.
Prior to his new role, Trostinsky has served in various roles at Citi, BNY Mellon and SmartStream.
Commenting on his new role, Trostinsky said: “Hybrid SaaS means that our larger clients benefit from monthly upgrades and reap all the benefits of Duco’s continued innovation, without having to share their data if they are not ready to, or are subject to restrictive regulations. This innovative solution avoids the ‘multiple version’ issue that remains a massive, if less spoken about, drag on cost and quality in the enterprise software industry.”
Christian Nentwich, CEO of Duco, said: “I am excited to have Julian Trostinsky join our team and bring his considerable experience of optimising data and reconciliation deployments in global accounts to Duco.”
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