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BMCE BANK OF AFRICA IMPLEMENTS THE MEGARA© SUITE BY VERMEG

July 04, 2017

Paris, 2nd of July 2017. As part of the modernization of its information system, BMCE BANK OF AFRICA selected the MEGARA© suite by VERMEG as a solution for managing the securities business. The new platform has been in production since 2nd of May.

Through the choice of Vermeg and its Megara© solution, the bank has placed its project to reform the securities management information system in the context of a global compliance of the solution with the strategic directions: compliance with regulatory requirements, a better quality of customer service, a better efficiency in the productivity and quality of the operational processes, a greater security of the flows and controls, and last a better match with the internal organization of the bank.

The project was also part of the 2013-2017 Maroclear action plan on the trade standardization project, which aims to align market practices with international standards, with a view to modernizing Casablanca’s stock exchange.

Megara© is a platform for managing and automating the entire « securities » value chain. It has been implemented in more than twenty financial companies in Europe, Asia and Africa.

« Vermeg has enabled us to efficiently implement the Megara© solution that will be at the heart of our new IT system. Megara© will help us to increase efficiency, productivity and safety. We have every reason to be satisfied with this go-live, » says Mr Mounir Chraibi, Deputy Managing Director, BMCE Bank of Africa.

« The selection by BMCE BANK OF AFRICA of Vermeg to collaborate on its project to revamp its securities processing system made us very pleased, and all the more so because this great success was achieved in a fast time. Vermeg is committed to bringing BMCE BANK OF AFRICA its long-term contribution, and remaining a reliable and active partner to facilitate its expansion and growth, as well as to improve its customer services, » says Pascal Leroy, CEO of Vermeg.

About BMCE BANK OF AFRICA:

As the forefront of Moroccan banks, BMCE Bank Group has established itself as a benchmark player in Morocco and abroad, with a large national network of 630 branches, including 27 business centers and a corporate agency with 12,000 employees in the world.

The ambition of the BMCE Bank Group is to strengthen its international positioning, while advocating strong and shered values of proximity, transfer of know-how, transparency, intra-group synergies and citizenship ; as demonstrated by its strong commitment to Social and Environmental Responsibility. www.bmcebank.ma

About Vermeg

VERMEG is a global leader in providing STP solutions, advanced technology and strong expertise in Securities Processing, Corporate Actions and Fund Management.

With a successful track-record of more than two decades’ experience in designing and implementing software solutions, Vermeg has established itself as a specialist in the market segments that the company serves. Among its clients are major financial institutions in more than 20 countries including local and global custodians and asset servicers, asset and wealth managers, pension funds and insurers, broker-dealers and central banks.

More information on: www.vermeg.com -

Press contact : Marianne Quentin – mquentin@vermeg.com - + 33 1 58 22 27 45

Contacts presse :

Vermeg : Marianne Quentin - + 33 1 58 22 27 45 – mquentin@vermeg.com

Agence ComCorp

Julie Fontaine + 33 1 58 18 32 67 – +33 6 33 58 54 59 - jfontaine@comcorp.fr

Caroline Pierron + 33 1 84 17 84 15 - + 33 6 33 62 23 31 - cpierron@comcorp.fr