2 years ago
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Coinhako has hired Duco to automate and control the cryptocurrency exchange’s data management.
The Singapore-based digital asset trading platform has selected Duco as way to help Coinhako deal with increasing volumes in crypto trading and complexities in their business.
Duco will automate critical control reconciliations across all business lines at Coinhako, thus improving the exchange’s data management in a pivotal moment for the crypto ecosystem.
Gerry Eng, co-founder of Coinhako, commented: “Coinhako has experienced strong growth amidst the surge in interest in cryptocurrencies. Our trading volume increased more than 1,000% since the start of 2021, compared to the whole of 2020 and we currently host 350,000 registered users in Singapore. It is imperative for us that technology and operations keep up with our business growth and that we minimize operational risk.
“We also want to deliver the best possible service to our customers, which means that our reconciliation processes have to be timely, accurate and complete. We chose Duco because the solution is quick to implement, it can scale with us and it enables us to be agile both now and in the future”.
Keith Man, Head of Asia Pacific at Duco, commented: “We are pleased to be serving the crypto community in Singapore and to work with Coinhako who place such a strong emphasis on trust and data integrity across their business. Duco is seeing an accelerated adoption in the crypto space as firms seek to strengthen governance and compliance to enhanced regulatory demands. Duco aims to make smart data reconciliation the standard for cryptocurrency and payments.”
In July, Duco appointed Tat Wee Koh as Head of Sales for APAC at Duco to lead the sales and business development efforts in the region.
The UK-based fintech provider of data control services continues to expand its across the Asia Pacific and Tat Wee Koh will be detrimental to develop new channels and contribute to the company’s marketing and business strategies.
Duco has supported the growth of their customers and users in Hong Kong, Singapore, Australia and New Zealand, catering to banks, asset managers and fintech companies, which include digital banks and crypto companies.
Tat Wee joins Duco with more than 15 years of experience in technology and sales, having previously worked at Wolters Kluwer and Temenos.
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