VERMEG for Banking & Insurance Software

🌟 The 2024 FutureFit Conference was a day filled with thought-provoking discussions, innovative insights, and valuable networking.   We explored major regulatory themes, with engaging sessions on Basel 3.1 updates, the Strong and Simple framework, and the Senior Managers regime. We also discussed key developments in ESG and DORA, keeping our community at the forefront of industry changes.   A big thank you to all who joined us and contributed to the lively discussions. For those who couldn’t attend, we’ll be sharing more insights soon—stay tuned!   #FutureFit2024 #RegTech #Innovation #Finance #Technology #AI #ESG #Regulation  

VERMEG sera présent à la 34è édition du Congrès REAVIE 2024. Cet événement majeur pour les professionnels de l’assurance vie et de personnes se tiendra du 16 au 18 octobre 2024 à l’Hôtel Majestic Barrière, à Cannes. Nous serons ravis de rencontrer nos clients et partenaires pour échanger sur les défis et les dernières innovations du secteur de l’Assurance. Francisco Jarrega #VERMEG #REAVIE2024 #Assurance #Innovation

🕛 Only one day remaining! Our Head of Collateral Solutions Strategy, Wassel Dammak, will be speaking tommorow 🎤 at the 18th Annual Collateral Management And Securities Lending Forum, taking place on 9-10 October 2024 in Amsterdam. 🤝Visit us at booth number 2 and join Wassel alongside other industry leaders to gain valuable insights. This will be the opportunity to connect with our experts and explore how VERMEG can support your organization in navigating the challenges of collateral management and optimization. #VERMEG #Fleming #FinancialTechnology #DigitalInnovation #COLLINE #CollateralManagement #Optimization

🌟With just a few days remaining until the prestigious Women of the Year Lunch and Awards (WOTY) Awards 2024, we are excited to remind everyone that Jay Mistry our General Manager for the UK & South Africa, has been named a finalist! This nomination is a reflection of Jay’s exceptional leadership and her ongoing efforts to drive VERMEG forward while championing women empowerment and gender diversity in the financial and tech sectors. Her vision and commitment to fostering an inclusive and dynamic workplace have had a lasting impact on our company and the industry at large. We couldn’t be more thrilled to see Jay recognized for her contributions. We are wishing her the best of luck at the upcoming #WOTY2024 awards! 🙏 Please join us in congratulating Jay and celebrating the powerful strides she’s made in leadership and empowerment. #WomenInLeadership #Empowerment #VERMEG #WOTY2024 #WomenInTech

💻New Proposed Rule for Financial Data Transparency: What You Need to Know Regulatory agencies are calling for public comment on a major proposed rule under the Financial Data Transparency Act (FDTA) of 2022. This new rule is set to establish critical data standards to promote interoperability across financial regulatory data. Key highlights of the proposed rule include: ◾Introduction of standard legal entity identifiers and other common identifiers. ◾Alignment with international standards such as ISO 17442, ISO 4914, and ISO 4217. ◾A push for fully searchable, machine-readable data. The proposed standards will reshape how financial data is reported and processed, improving data quality and transparency across agencies. 📖 Read our full article to get all the details on this significant development: https://bit.ly/3N9Dhzy #RegTech #RegulatoryReporting #Banking

Our Head of Collateral Solutions Strategy Wassel Dammak will be speaking 🎤at the 18th Annual Collateral Management and Securities Lending Forum, scheduled for 9-10 October 2024 in Amsterdam. Wassel will be leading the panel :"Optimizing Collateral Assets: Balancing Efficiency and Pragmatism." He will delve into the key pillars of Collateral Optimization: from identifying essential pre-requisites and establishing governance, to ensuring data accuracy, building a solid business case, and capitalizing advanced technologies for the optimization journey. 🤝💼Come meet our team at booth number 2 and join Wassel and other prominent industry professionals to gain more valuable insights. Collateral Management And Securities Lending Forum #VERMEG #Fleming #FinancialTechnology #DigitalInnovation #COLLINE #CollateralManagement #Optimization

🌟We are pleased to announce that our solution MEGARA© has been awarded the Swift Certification Limited label for 2024. All validations have been completed and proved to be successful to qualify VERMEG for the Securities Settlement, Corporate Actions and Collateral Management labels. Based on this change resulting from reviewing the reverse engineering of CA MX messages, MEGARA for corporate actions can now benefit from the addition of Reversal Reason Codes for Payment Reversals in case of ISO15022 messages and support entitlements and payments reversal in the presence of the field 24B with qualifier REVR. These certifications reflects our commitment to delivering industry-leading solutions that meet the highest standards of quality and performance while continuing to innovate in the financial sector. 👉Read more about this in the following article: https://bit.ly/4eKmMWr

🌟A heartfelt thank you to everyone who joined us at the 2024 FutureFit Conference!   Your presence, insights, and enthusiasm made this event a memorable one. It was incredible to see so many professionals coming together to share ideas, drive innovation, and shape the future of our industry.   For those who couldn’t make it this time, we hope to connect soon and share some key highlights and takeaways.   Stay tuned for further updates!   #FutureFit2024 #RegTech #Innovation #Finance #Technology #AI #ESG #Regulation

📢 Last Call: Join Us Tomorrow for the FastTrack Webinar! 🚀     Final Call for Registration! Join VERMEG, a leader in financial services, for an exclusive webinar showcasing FastTrack—our cutting-edge AI-powered solution designed to revolutionize client onboarding.   Why You Should Attend:  ⚡ Accelerate Onboarding: Expedite the client onboarding process while maintaining rigorous compliance standards.  🌟 Enhance User Experience: Provide customized and streamlined onboarding journeys that meet individual client needs.  📊 Real-Time Performance Monitoring: Leverage live data analytics to optimize and refine your onboarding processes continuously.  ✅ Ensure Compliance: Achieve comprehensive auditability and transparency to navigate regulatory demands effortlessly.  🔗 Seamless Integration: Effortlessly connect FastTrack with your existing technology infrastructure for a unified experience.    📅 Date: October 1st, 2024  🕒 Time: 11 AM – 12 PM  📍 Platform: Zoom  👉 Register Now : https://lnkd.in/eBF8-jc8   This is your last chance to gain valuable insights from VERMEG’s experts and elevate your onboarding strategy!   Webinar hosted by:    -Guillaume de Vauxclairs: Europe Expansion Lead for Digital  -Faustine Descamps: Expert PRESALES

🌟HKMA Proposes Revisions to Liquidity Monitoring Tools Reporting (MA(BS)23 - KM return) The Hong Kong Monetary Authority (HKMA) as part of the consultation paper published on 4th Sep'24, has outlined proposed revisions to the "Return on Liquidity Monitoring Tools (MA(BS)23)" in response to recommendations from the International Monetary Fund and lessons from recent banking turmoil. 🔑Key revisions include: 1.Requirement for a more detailed data : The detailed summary of these changes proposed, can be found in the attached document. ▪️Part 4 of the MA(BS)23 will be split into three sub-parts with additional granularity of time bands and additional details: ◾Part 4A: Liquidity data for all currencies. ◾Part 4B: Liquidity data by significant currencies. ◾Part 4C: Retains elements of the existing Part 4. ▪️Additional data requirements were added across Other Part's 1 & 2. 2.Reporting Requirements: ◾Institutions, including Category 1, 2A, other Cat2 AI's that are either locally incorporated (or) specifically requested by HKMA, will need to report Parts 4A and 4B, while other institutions will report Part 4C. ◾The first reporting under the new templates is expected to take place by December 31, 2024. 3.Streamlining Reporting: ◾Some elements of "Return on Selected Data for Liquidity Stress-testing (MA(BS)18)" will be integrated into the revised MA(BS)23. The HKMA plans to replace MA(BS)18 with MA(BS)23 starting December 31, 2025, with parallel reporting required during the transition. The HKMA has requested comments from the HKAB members by October 4, 2024. #HKMA #LiqudityRisk #BankingRegulation #RegTech #KMReturn #MA(BS)23 #AGILE #VERMEG