London, June 2025
Vermeg is proud to announce that Megara, its flagship post-trade and collateral management solution, has been awarded the Technology Services Award 2025 at the prestigious Central Banking Awards ceremony held during the Central Banking Summer Meetings in London.
This esteemed recognition celebrates Megara’s outstanding contribution to the modernization of post-trade operations and collateral infrastructures, particularly for central banks, clearing houses, and market infrastructure institutions around the world.
/ Empowering Market Infrastructures with Innovation
Selected by an independent panel of senior industry experts, Megara was praised for its robust capabilities, regulatory alignment, and scalable architecture, which enable central banks and financial institutions to navigate increasing complexity in collateral operations while ensuring operational efficiency, resilience, and transparency.
/ Transforming Collateral Operations for Central Banks
Megara stood out to the judges for its ability to streamline complex post-trade functions, reduce settlement times, and optimize liquidity frameworks. One prominent example is the deployment of Megara by the Bank of Canada to power a newly launched securities-lending platform and enhance trade settlement efficiency. These enhancements have allowed faster intraday processing, more accurate collateral valuation, and stronger market responsiveness.
“Following an auction, Megara manages the trade capture and processing end-to-end using robust controls and best-practice procedures aimed at reducing or eliminating the legacy manual touchpoints in daily operations,” says Terrance Baum, Key Account Management Director at Vermeg.
“With reduced touchpoints, the level of automation increases. More crucially, the number of errors and exceptions decreases dramatically.”, Baum adds.
/ Recognized by the Central Banking Awards Panel
According to the Central Banking Awards panel, Megara’s ability to combine automation, real-time tracking, and scalability made it a clear choice in a competitive field of global providers. It delivers the resilience and robustness central banks require, with modern straight-through processing and exception handling. Its ability to support large-scale central banking operations — including through ISO 20022 and real-time capabilities — was central to the panel’s decision.
/ Voices from Vermeg
Khaled Ben Abdeljelil, Senior VP, Banking Market Strategy, remarked:
“This award is also a testament to the excellence of our technical teams, whose expertise and dedication have been key to delivering these transformative solutions. We remain committed to driving efficiency, innovation and stability across global financial markets.”
/ A Sincere Thank You
We extend our heartfelt thanks to the Central Banking Awards team for this distinction. Above all, we are grateful to our clients and partners — especially the central banks and financial infrastructures — whose trust, insight, and partnership inspire everything we do.
/ Looking Ahead
As central banks globally pursue digital modernization—focusing on resilience, real-time processing, and regulatory alignment— Megara is poised to lead the next wave of infrastructure enhancement. The Central Banking Awards jury’s recognition not only validates its current impact but highlights its potential for future innovation.
/ About Megara
Megara is a modular platform supporting central banks, CSDs, and CCPs in managing post-trade operations, collateral, corporate actions, and liquidity. With its real-time capabilities, ISO 20022 readiness, and seamless integration with national and cross-border systems,
Megara is at the heart of critical financial infrastructure across Europe and beyond — including its pivotal role in the Eurosystem Collateral Management System (ECMS).
Related articles
- Press Release
References
To read the entire Central Banking’s Press release. Click here
To know more about Megara: Click here
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