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Better Understanding the challenges of the “European Collateral Management System”
10/07/2018

With the implementation of the Vision 2020 programme, the Eurosystem has set itself on the ambitious path to modernisation of the market infrastructures, with the goal of obtaining better integration and harmonisation of securities and cash within the Euro zone and thus enhance its appeal to investors. In the context of this programme, the Governing Council of the European Central Bank (ECB) has approved 3 major modernisation initiatives: TIPS (Target…

Digitisation of services: how the insurance market is changing
09/07/2018

Challenged by constantly evolving regulations and consumer requirements that call for a better harmonisation of information systems and more flexible services, the insurance market has to acquire integrated solutions to deal with the developments in its sector. The transformation implemented within companies in the sector (access to services that allow the end user to be more in control of their needs, ever more competitive offers, need for transparency, etc.) is…

Distribution of insurance and banking products: reinvention is survival!
29/04/2018

Driven by regulatory developments and digitalization, the distribution of financial products must evolve.The competition from insurtechs and fintechs underlines the urgency of differentiation.The entry into force of the Insurance Distribution Directive (IDD) on 1 October next urges the networks of intermediaries to review their quality standard: traceability of the duty to provide advice, setting up control procedures relating to the design and distribution of products, etc.In the area of banking…

Artificial intelligence to the rescue of the security of financial transactions
29/04/2018

Because of its critical importance for the global economy, the world of finance is among the most regulated of areas.  Its institutions have a duty of transparency and security in relation to their clients. The entry into force at the beginning of the year of MiFID II European directive on markets in financial instruments will strengthen the concept of transparency and improve client protection. The European General Data Protection Regulation…

MIFID 2: the end of open design ?
10/03/2018

The distribution of financial products has enjoyed a real Big Bang in Europe since the start of the new year, with the entry into force of the revised directive 2014/65/CE on Financial Markets, called MIFID 2. With a duty to provide much more information to the end client (in terms of both quantity and quality), how are independent financial management advisers and other management agencies going to cope with the…

Framework and component store: application assembly or direct application - which model should be preferred?
09/03/2018

Solutions aiming to increase developers' productivity entered the market in the 1990s. The appearance of numerous code generators or automatic programming supported sharing within development teams and allowed for assistance in modelling the business need, mapping HMIs (Human-Machine Interfaces), and helping developers manage access to databases.At that time, there was no DotNet, Java, or anything similar. The Internet didn't exist either, and the world of informatics was still getting its…

Life insurance: the flat tax will change the landscape!
21/11/2017

The legislator has ratified the creation of a flat tax on capital income, within the framework of the parliamentary debates on the Budget Bill (BB) 2018. This single flat tax, at a rate of 30 %, will be the biggest upheaval in the French life insurance market since the 1998 reform.For Vermeg, the configuration of this new tax – application of the 30 % tax rate (fiscal charges and social…

Faster! How to respond to the needs of the banking and insurance markets in real time
07/11/2017

In an increasingly volatile economic framework, the very logic behind the design of insurance and banking products must be completely rethought in order to reach the time-to-market speed required for the pre-emption of new parts. The finished product no longer matters as much as its future adaptability to new needs, which are now changing too quickly.And it is this constant imperative for innovation that is shaking up the banking and…

Microservice and back office: two focal points for the insurance and finance software market in the next five years
02/11/2017

Finance and insurance players have accumulated application tools over the past decade: some have several hundred of them, implemented internally layer after layer.Over the past 10 years, the digital revolution has put pressure on IT directors to make increasingly elaborate and intuitive web and mobile interfaces available to end customers. The digital revolution began with the appearance of websites, then web applications, then finally, mobile applications and connected objects.Absorbed by…

Blockchain: will asset management eventually become completely decentralised?
15/10/2017

There is great excitement about the arrival of blockchain among those who consider the decentralisation of financial asset management as a remedy for the slowdown in its growth. And yet, the majority of asset managers seem to have finally overcome the hype generated by this promising technology and are now asking themselves the right questions: what are the current limits of blockchain? What are its regulatory requirements? And what are…