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Now is the time to conquer the last mile to full data automation
Innovative new technologies and a desire to update the operating model are paving the way for financial services firms to automate data management across their organisation. This is something that historically has been impossible due to the proliferation of unstructured financial data that legacy technology is unable to handle. The resulting mass adoption of spreadsheets as a workaround created a ‘last mile’ of data processes that firms have been unable to automate. This paper explores the current technology landscape in financial services, the problems this has created for data management and the benefits for firms of using new tools to conquer the ‘last mile’ of automation.
The full article is available to institutions that have subscribed to the journal.
Christian Nentwich is co-founder and CEO of Duco, a leading SaaS data automation company. Christian launched Duco to help people dealing with mission critical data on a daily basis. By combining the power of the cloud, machine learning and no code technologies, Duco puts the data in the hands of the business users and makes managing data easy, automated and reliable. Christian is recognised for building companies with a strong focus on culture and transparency that deliver transformational experiences to customers. Prior to Duco, Christian founded Systemwire, which exited to Message Automation and further to Broadridge. He holds a BSc and PhD in computer science from University College London and is a winner of its Faculty Medal in Mathematical and Physical Sciences.
CitationNentwich, Christian (2022, December 1). Now is the time to conquer the last mile to full data automation. In the Journal of Securities Operations & Custody, Volume 14, Issue 4.