About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Vermeg’s Settlement and Corporate Action systems Achieved 2008 SWIFTReady Label Accreditation

Subscribe to our newsletter

VERMEG, the accredited global securities processing software specialist announced today that Megara’s, MegaCustody and MegaCor modules have gained the prestigious Securities Settlement and Corporate Actions SWIFTReady labels for 2010. MegaCor achieved the certification having been assessed against numerous global market scenarios and MegaCustody against global market practices. The SWIFT certification report underlines the uniqueness of Megara in complying with the best market practice standards and its strong capability to detect message errors. MegaCustody and MegaCor are the only systems in the market to have achieved the SWIFTReady label every year since 2002 and 2003 respectively, underlying Vermeg’s total commitment to lead and support market standards retaining its prominent position amongst software vendors.

Myriam Sanhaji, Head of product, at Vermeg said “We believe it is important to put our systems to the most challenging tests we can find, to prove beyond doubt that we have some of the best functionality available to financial services firms.  We have a long track record of working closely with SWIFT, participating in the definition and application of new international standards, as we did for ISO15022 in 2002 and now for ISO20022. We are actively preparing our technology to be one of the first providers to manage ISO20022 and in particular Proxy Voting messages which will be delivered to our clients later this year. We are particularly pleased that SWIFT’s testing for Corporate Actions included both UK and US market scenarios proving the strength of Megacor in the two largest international markets.”

Hervé Valentin, Senior Business Development Manager, SWIFT says “Throughout the 2010 SWIFTReady certification process, Vermeg again proved their commitment to deliver high-quality software which complies with SWIFT Standards and market practices. Vermeg’s Megara product suite scored high, which is particularly remarkable given the recent toughening of the 2010 certification criteria”.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

LemonEdge Seeks to Fill Tech Gap in Private Fund Accounting

As private markets and assets grow in importance to institutional investors, so are the challenges they face; not least of all their data processes. A report by Dynamo Software in February found that the biggest challenges faced by accounting professionals in private equity, venture and hedge funds were tech and data-related; manual data entry and...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...