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VERMEG
Company typePrivate
Industry
Founded1993
HeadquartersAmsterdam, Netherlands
ProductsCOLLINE, AGILE Reporter, MEGARA, SOLIFE, MASSAI, SOLIAM and Palmyra

VERMEG is an international software group operating across several lines of B2B services: pensions & insurance, wealth & asset management, financial & security markets and Digital Financial Services.[1] The company develops software used across the private banking sector, consumer finance, asset management companies, central banks, insurance and other financial services providers[2] covering insurance policy administration, asset portfolio management, regulatory reporting, collateral management, post-trade processing, low code application development, business process management and risk management.[3]

The company was formed in 1993 by Badreddine Ouali and has headquarters in Amsterdam.[4]

History

VERMEG was founded in 1993 in Tunisia, initially under the name of BFI and was spun off from BFI in 2002.[5][6] Its headquarters are now in Amsterdam and it has offices globally, including North America, Latin America, France, Belgium, Luxembourg, UK, Singapore and Tunisia.[4][7]

In 2017, Crédit Mutuel Arkéa acquired 19.5% stake in VERMEG.[8]

Acquisition

VERMEG has expanded both organically and via strategic acquisitions over the years:

Products

VERMEG provides across several financial sectors including asset management, central banking, retail banking, consumer finance, investment banking, regulatory reporting, pensions and insurance with over 400 clients worldwide.[1]

Among VERMEGs Solutions[buzzword] are:[3]

VERMEG also offers a low code application development platforms:

Awards and certifications

Awards

Certifications

References

  1. ^ a b GmbH, finanzen net. "VERMEG Extends Partnership With Santander as the Global Bank Selects MEGARA as Its Post-trade Processing System in Brazil | Markets Insider". markets.businessinsider.com. Retrieved 28 September 2020.
  2. ^ "Vermeg, the leading Software & Digital Company for Insurance & Finance, is positioned again in the Leaders Quadrant in Gartner's 'Magic Quadrant for Life Insurance Policy Administration Systems, Europe'". bobsguide. Retrieved 28 September 2020.
  3. ^ a b c "Lombard Risk is renamed under VERMEG brand, creating a new leader in Software Solutions for Financial Services". Derivsource. 27 September 2018. Retrieved 28 September 2020.
  4. ^ a b "Vermeg Group – MarketsWiki, A Commonwealth of Market Knowledge". www.marketswiki.com. Retrieved 28 September 2020.
  5. ^ February 2018, 23rd (23 February 2018). "Vermeg buys regtech firm Lombard Risk for £52m". FinTech Futures. Retrieved 28 September 2020.((cite web)): CS1 maint: numeric names: authors list (link)
  6. ^ a b "VERMEG – TUNISIA | Best Places To Work Program". bestplacestoworkfor.org. Retrieved 28 September 2020.
  7. ^ "VERMEG INTERNATIONAL SINGAPORE PTE. LIMITED". Singapore Business Directory. Retrieved 28 September 2020.
  8. ^ "Crédit Mutuel Arkéa acquires 19.5% stake in Vermeg". Finextra Research. 20 January 2017. Retrieved 28 September 2020.
  9. ^ "Lombard Risk buys regulatory reporting business of SOFGEN Holdings". NS Banking. 20 December 2011. Retrieved 19 October 2020.
  10. ^ "Surviving the Ben Ali regime: a Tunisian entrepreneur success story". Wamda. Retrieved 28 September 2020.
  11. ^ "Lombard Risk agrees to VERMEG takeover offer". Finextra Research. 11 January 2018. Retrieved 28 September 2020.
  12. ^ "Vermeg completes acquisition of Lombard Risk". finextra.com. 26 February 2018. Retrieved 16 September 2020.
  13. ^ a b c "Risk management technology: Vermeg". Central Banking. 28 January 2019. Retrieved 28 September 2020.
  14. ^ "Solife | VERMEG | Celent". www.celent.com. Retrieved 28 September 2020.
  15. ^ "Vermeg: Massai for Property & Casualty Insurance". bobsguide. Retrieved 28 September 2020.
  16. ^ "Veggo – Your leading-edge platform to build digital solutions for financial services : fast, agile, legacy-free". veggoplatform.com. Retrieved 7 February 2023.
  17. ^ "Best regulation reporting solution". Retrieved 28 September 2020.
  18. ^ "Insurtech". Financial IT. Retrieved 28 September 2020.
  19. ^ "Custody Risk Global Awards 2017 winners announced". Risk.net. 9 November 2017. Retrieved 28 September 2020.
  20. ^ "Operational and Regulation Awards 2015" (PDF). Retrieved 28 September 2020.
  21. ^ "Vermeg Achieves ISO Certification for Management and Security of Information – Global Custodian – The Leading quarterly magazine covering the international securities services industry". www.globalcustodian.com. Retrieved 28 September 2020.
  22. ^ "VERMEG | UN Global Compact". www.unglobalcompact.org. Retrieved 28 September 2020.
  23. ^ GmbH, finanzen net. "VERMEG Earns Top Marks in 2019 Corporate Equality Index | Markets Insider". markets.businessinsider.com. Retrieved 28 September 2020.
  24. ^ "Vermeg International Singapore Pte Ltd – SG FinTech Directory". Retrieved 28 September 2020.