BMCE Bank of Africa Executes Megara Suite from Vermeg

BMCE Bank of Africa Executes Megara Suite from Vermeg
04.07.2017 08:00 am

BMCE Bank of Africa Executes Megara Suite from Vermeg

Banking

As part of the modernization of its information system, BMCE BANK OF AFRICA selected the MEGARA© suite by VERMEG as a solution for managing the securities business. The new platform has been in production since 2nd of May. 

Through the choice of Vermeg and its Megara© solution, the bank has placed its project to reform the securities management information system in the context of a global compliance of the solution with the strategic directions: compliance with regulatory requirements, a better quality of customer service, a better efficiency in the productivity and quality of the operational processes, a greater security of the flows and controls, and last a better match with the internal organization of the bank.

The project was also part of the 2013-2017 Maroclear action plan on the trade standardization project, which aims to align market practices with international standards, with a view to modernizing Casablanca's stock exchange. 

Megara© is a platform for managing and automating the entire « securities » value chain. It has been implemented in more than twenty financial companies in Europe, Asia and Africa.

« Vermeg has enabled us to efficiently implement the Megara© solution that will be at the heart of our new IT system. Megara© will help us to increase efficiency, productivity and safety. We have every reason to be satisfied with this go-live, » says Mounir Chraibi, Deputy Managing Director, BMCE Bank of Africa.

« The selection by BMCE BANK OF AFRICA of Vermeg to collaborate on its project to revamp its securities processing system made us very pleased, and all the more so because this great success was achieved in a fast time. Vermeg is committed to bringing BMCE BANK OF AFRICA its long-term contribution, and remaining a reliable and active partner to facilitate its expansion and growth, as well as to improve its customer services, » says Pascal Leroy, CEO of Vermeg.

Related News

Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding ... Read more »

Meniga closes a €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola & UniCredit

Meniga, a leading provider of digital banking technology for the world’s largest banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest... Read more »

Finantix CIO Cockpit digitises and accelerates key Investment Office processes

Finantix, the leading global provider of trusted technology to the wealth management,... Read more »

Backbase and Mambu partner to deliver an end-to-end integrated SaaS banking solution

Backbase, the leading omni-channel banking solution provider, announced today a strategic partnership with Mambu, the Berlin-based cloud banking platform to jointly deliver a... Read more »

Global tier-1 bank, Itaú Private Bank International, selects Temenos to power international banking operations

Temenos (SIX: TEMN), the banking software company, today announced that Banco Itaú (Suisse) SA and Banco Itaú International, affiliates belonging to one of the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel