The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

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

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”.

Related content

WEBINAR

Upcoming Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Date: 8 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG...

BLOG

SmartStream Adds API Suite to Reference Data Utility

SmartStream Technologies has made its first move since rebranding at the end of last year and bringing its Reference Data Utility (RDU) into the mainstream of its product line-up, with the addition of an API suite for the RDU. The APIs are designed to provide faster access to accurate data, operational efficiency, greater agility, and...

EVENT

RegTech Summit APAC

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...