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: Strategies and solutions for unlocking value from unstructured data

Unstructured data accounts for a growing proportion of the information that capital markets participants are using in their day-to-day operations. Technology – especially generative artificial intelligence (GenAI) – is enabling organisations to prise crucial insights from sources – such as social media posts, news articles and sustainability and company reports – that were all but...

BLOG

Experts Urge Data-Focussed Prep for Asset Management AI Adoption

Leading data practitioners have urged financial institutions to ensure they have suitable data management and infrastructural setups to accommodate artificial intelligence (AI) applications following a report that suggested asset managers are struggling to roll out the technology. The latest in an annual study by professional services giant KPMG found that while asset managers in the...

EVENT

RegTech Summit New York

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

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...