17 October 2017
visit www.response.ncr.com

Luxembourg custodian implements Vermeg corporate actions solution

25 November 2002  |  3325 views  |  0 Luxembourg custodian implements Vermeg corporate actions solution

Luxembourg-based Banque et Caisse d'Epargne de l'Etat (BCEE) has gone live with Vermeg's Megacor to automate its corporate actions processing.

Vermeg says its Megacor software is interfaced with BCEE's existing settlement and accounting systems, based on an IBM mainframe.

Carlo Matagne, head of the securities department, BCEE, comments: "Megacor offers us a solution which reduces the operational risk and at the same time it increases the operational efficiency of our securities department."

The implementation of the software was inspired by the introduction of new Swift ISO 15022 messaging standards, he adds.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Vermeg acquires Diagram systems from Reuters France

Vermeg acquires Diagram systems from Reuters France

08 November 2002  |  5482 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14389 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13044 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8948 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7881 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7587 views comments | 13 tweets | 13 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job