February 20, 2019
VERMEG the banking and insurance software solution leader, has had a successful start to the year having won two awards in the collateral management and regulatory reportingspace in a month.
VERMEG has been named as winner of the ‘Best Risk Management Technology Solution’ at the Central Banking Awards and the‘Best Regulatory Reporting Solution’ at the Asian Private Banker Awards.
These prestigious awards recognises VERMEG for its leading position in the development of software solutions. VERMEG is driving its category for technology innovation and is the trusted software provider to some of the largest international institutions from the USA to APAC.
Since its acquisition of Lombard Risk, VERMEG has grown its global presence and broadened its service offering whilst remaining a leader in its fields of expertise. Central Banking is a significant focus area for VERMEG where clients include Banque de France, Bank of England,Central Bank of Ireland and Norges Bank.
Badreddine Ouali, Chairman, VERMEG said:
“We are delighted to be named as the ‘Risk Management Technology’ award winner for this year’s Central Banking Awards and ‘Best Regulatory Reporting Solution’ by the Asian Private Banker Awards. Bothare hugely prestigious awards and are testament to the hard work of our team and the effectiveness of our software products.
“Our success in the Central Banking Awardsis credit to the expertise we have in this space. Through our Megara and COLLINE solutions, we are able to offer the most regulatory compliant and sophisticated solutions to all of our central banking clients. Our offering includes everything from monetary policy management, stock lending and borrowing and risk management.
“Similarly, whilst we are renowned for our regulatory reporting solutions, across the world, we are pleased to be recognised for our work in Asia. Asia is a key market for us and we are constantly developing our software to meet client’s needs in the changing regulatory environment. Agile REPORTER is a key component of VERMEG’s leading global solution portfolio for Private Wealth Managers, and we are seeing an increase in demand for this product offering.
“2018 has been a record year for our business in Asia Pacific and has cemented our position as the leading regulatory reporting provider. This award demonstrates that VERMEG is well positioned to serve the market’s need for an agile and robust reporting solution.”