eVision is partnering with Vermeg and providing market-leading security custody solutions with highly advanced technology and strong expertise in specialized market segments such as securities processing, corporate actions and fund management.
Vermeg was established in 1994, initially under the name of BFI and has more than a dozen years of experience in the fund and securities processing industry. It was spun off from BFI in 2002.
Securities Custody Solutions is global securities processing platform which has enabled the successful automation of the middle-to-back office tasks of major banking institutions in more than twelve countries. It provides an end-to-end process from trade capture through settlement to post trade accounting.
Originally designed in 1996 with the assistance of both JP Morgan and Euroclear consulting resources, Megara has been installed in both local custodians with local market connectivity issues and also at custodians with a global custody approach, i.e. cross-border processing of events via a network of sub- custodians.
It has also been installed at brokerage firms, central banks, private banking institutions and investment managers.
Resulting from Vermeg’s continuous commitment to the securities processing industry and the compliance of its solutions with the Securities Market Practice Group guidelines, the system was awarded the SWIFTReady Gold Label in the Securities Settlement category as early as 2002 and this accreditation has been reconfirmed every year since.
All the application modules share the same core that includes common functionalities (static data, positions, accounting, fiscal and fee management) as well as connections to services such as SWIFT, CSD, and data feed providers.
Some important highlights of these solutions include the following:
For more information please visit http://www.vermeg.com/