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From Wikipedia, the free encyclopedia
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]
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The company was formed in 1993 by Badreddine Ouali and has headquarters in Amsterdam.[4]
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]
VERMEG has expanded both organically and via strategic acquisitions over the years:
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:
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