24 July 2017
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BMCE Bank of Africa implements Megara suite from Vermeg

03 July 2017  |  2592 views  |  0 Source: Vermeg

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.

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