Bollyinside – Asset servicing technology news | Brightwell picks Duco for operational transformation
Asset servicing technology news | Brightwell picks Duco for operational transformation
Replacing an inflexible legacy system
Brightwell has chosen Duco’s platform to replace its inflexible legacy system in the investment operations department. The legacy system was unable to handle the variety of use cases and volumes of data that Brightwell needed to process. Duco’s data automation platform will provide the necessary functionality to handle the complex data requirements of Brightwell.
Normalizing data and consolidating reconciliations
Duco’s platform will enable Brightwell to normalize its data and consolidate its reconciliations for various financial instruments, including FX, OTC and exchange-traded derivatives, fixed income, and cash balances. The platform features advanced filters, rules, and modules that will help Brightwell reduce the number of exceptions and improve matching accuracy. This will streamline Brightwell’s operations and enhance auditability.
Streamlining operations and enhancing auditability
By utilizing Duco’s platform, Brightwell will be able to streamline its operations and enhance auditability. The platform will consolidate formerly disparate manual tasks into single processes, providing scalable and transparent controls. This will allow Brightwell to manage reconciliations for derivatives positions, trades, and cash in one system. The consolidation of tasks and data will result in more efficient operations for Brightwell.
