May 22, 2017
Vermeg, the leading Software Provider for Financial Markets and Insurance, and Upsideo, provider of specialized solutions in the field of compliance (RegTech) and digitalisation of financial distribution processes, naturally moved closer together to allow their respective customers to benefit from complementary konw-how: Insurers’ production systems, management tools and consideration of the regulatory environment for digital « front office » solutions.
Upsideo will make available two applications that can interface with Vermeg’s solutions. These applications relate to the obligations concerning customer knowledge (KYC), anti-money laundering and terrorist financing (LCB/FT) and the digitalisation of supplier and distributor contracts.
Vermeg supports the activities of its customers in 20 countries. This international presence will constitute an undeniable international opening for Upsideo, which currently offers its solutions in France only.
« Through this partnership with Upsideo, Vermeg will offer its customers access to high-added value features. They will now be able to benefit from a more comprehensive view of customers, including regulatory risks, while increasing administrative productivity », says Pascal Leroy, Vermeg’s CEO.
« This partnership with Vermeg is an additional recognition of Upsideo's know-how. It will enable us to penetrate markets that are difficult to access. Moreover, the synergy between our offers are evident and our business cultures very close », concluded Axel Rason, Upsideo’s President.
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.
Press contact : Marianne Quentin – firstname.lastname@example.org - + 33 1 58 22 27 45
Julie Fontaine + 33 1 58 18 32 67 – +33 6 33 58 54 59 - email@example.com
Caroline Pierron + 33 1 84 17 84 15 - + 33 6 33 62 23 31 - firstname.lastname@example.org
UPSIDEO is a publishing company of regulatory and financial software for CIF, insurance brokers, management companies and institutional investors. Its executives, who have founded several financial distribution platforms, combine business knowledge and technological know-how. UPSIDEO's solutions are designed to minimize administrative burdens, meet regulatory requirements and allow users to achieve productivity gains. UPSIDEO solutions are available in white label.
Press contact : Axel Rason – email@example.com- 00 33 1 44 69 59 90