VERMEG for Banking & Insurance Software

💻Recent proposals from the FED look to revise the FR Y-14 reports. Find out more about the proposed changes in our recent REG Desk report : https://bit.ly/3A65Drn The proposals also entail efforts to collect more granular data from firms, matching a trend, which are seen increasingly around the world. ◾Granular Data Reporting is a new paradigm in reporting, requiring new ways to manage, view and approve data ◾With the right toolset, this can also present opportunities for firms to gain additional insight and value from their regulatory reporting 🏆AGILE provides a number of modules that already helping firms around the world meet the challenges of granular data reporting including our latest AGILE Insight, find out more here : https://bit.ly/4dkWzxz #regtech #regulatoryreporting #FED #granulardatareporting #GDR

🌍Climate Risk remains a hot topic! Regulators expect Banks to ensure they are well capitalised for future climate related losses, with frameworks in place to capture climate-related risks including though capital models and credit ratings. But is this enough? Is the current level of disclosure reporting adequate and what's on the horizon when it comes to future requirements? 👉Come join us at this years FutureFit conference to discuss this in more detail: https://bit.ly/4dogQSl #climaterisk #capital #creditratings #regulatoryreporting #regtech

🎯 Integrated Regulatory and Risk Calculations with AGILE Calcs. Introducing AGILE Calcs, our comprehensive regulatory and risk calculation engine. AGILE Calcs efficiently performs your essential regulatory reporting calculations, covering all major required calculations including Capital Adequacy, Liquidity, Credit Risk, Market Risk and more. Integrating seamlessly with the AGILE suite it supports drill back from AGILE Reporter and full automation of the entire reporting process. ✅Key Features: • Continuous Compliance Support: Our continuous compliance promise ensures calculations always reflect the latest regulatory changes. • Lower Total Cost of Ownership: Fully integrated calculations, reducing cost and the time spent on reconciliation. • Highly Performant Engine: Handle complex calculations and extensive data volumes, ideal for Granular Data Reporting. Unlock immediate value and elevate your regulatory reporting with AGILE Calcs. 👉 Download our brochure now : https://bit.ly/4fdh2p1 #RegTech #RegulatoryReporting #Banking #CapitalAdequacy #Liquidity #CreditRisk #MarketRisk #LargeExposures #Basel3.1 #BaselIV

🗣📢 New FinTalk by VERMEG Episode – How to Use AI for Effective Digital Transformation in Financial Services   Jawad Akhtar and technology expert Zahra Shah highlight the intricacies of digital transformation in banking, especially focusing on legacy banking systems and the driving forces behind this transformation.  🔑 Key Highlights:  ◾ Impact of Digital Transformation on Legacy Systems: Exploring how banks can leverage AI and APIs to enhance their outdated systems without starting from scratch.  ◾ Regulatory Compliance in Fintech: Understanding the critical role of regulatory compliance as a major motivator for both small and large firms to adopt new technologies.  ◾ Current Technological Trends: Insight into how AI, cloud technology, and machine learning are reshaping the financial services landscape.  ◾ Board-Level Digital Strategy: Zahra shares her expertise on aligning digital transformation with strategic objectives, emphasizing the importance of strategy and responsible AI implementation.  ◾ Cultural Change in Transformation Programs: Highlighting the necessity of employee training and cultural integration to ensure the success of transformation initiatives.  ◾ Common Pitfalls: Identifying the pitfalls in digital transformation programs, from feasibility studies to cost management and cultural change.    🎥 Watch This Episode On YouTube Now: https://lnkd.in/eXD-E3uq    🎧 Listen To The Episode Now: https://lnkd.in/dyWEU54b #FinTalk #DigitalTransformation #BankingTechnology #RegulatoryCompliance #AIinBanking #CloudTechnology #MachineLearning #FinancialServices #ResponsibleAI #CulturalChange #LegacySystems #FintechInnovation

🌟 We are thrilled to announce that VERMEG is expanding its strategic collaboration with IDClear to include its CCP Solutions for the Indonesian financial market. This has been formalized today, July 30 in Jakarta, by the signing of a memorandum of understanding. IDClear and VERMEG’s collaboration has already been establishing through MEGARA, VERMEG’s leading cross product collateral management solution. This collaboration will be extended to VERMEG’s Digital CCP platform, allowing IDClear client to offer cloud-ready and value-added services to their members or customers. 📷 We are pleased to share here snapshots of the memorandum signing event between IDClear and VERMEG. #VERMEG #IDClear #CCPSolutions #DigitalSolutions #Clearing

🌟 APRA Announces Targeted Reforms to Enhance Bank Liquidity and Capital Resilience 🌟 The Australian Prudential Regulation Authority (APRA) has announced targeted reforms to strengthen banks' liquidity and capital frameworks, enhancing their resilience to future stress events. These reforms come in response to lessons from the 2023 banking crises in the U.S. and Europe. ✅Key changes include: 1.Regular Market Price Adjustments: Banks under the Minimum Liquidity Holdings (MLH) regime must now adjust the value of their liquid assets based on market movements. 2.Enhanced Reporting Requirements: All banks are required to be operationally ready to provide crucial financial information when requesting exceptional liquidity assistance from the Reserve Bank of Australia. These reforms are set to take effect from 1 July 2025. However, APRA has postponed the phase-out of bank debt securities as liquid assets for MLH banks, allowing for a broader review of liquidity risk next year. APRA encourages MLH banks to diversify their liquidity portfolios, which will be reviewed annually under Prudential Standard APS 210. As a leader in RegTech, Vermeg supports these measures, recognizing their importance in maintaining financial stability and enhancing the resilience of Australia's banking sector. 👉Read more about the changes and their implications on APRA's website: https://bit.ly/4dggxsw #APRA #Regulation #Liquidity #CapitalRequirements #Vermeg #AGILE #RegTech

📢Happening tomorrow ! Join ISDA and VERMEG to learn more about how the Common Domain Model can be used to reduce onboarding time and resources associated with #collateral management. The webinar will take place on July 30 at 2pm BST/9am EDT and will feature ISDA’s Amy Caruso, head of collateral initiatives, Vernon Alden-Smith, director collateral initiatives, VERMEG for Banking & Insurance Software’s Wassel Dammak, head of collateral solutions strategy and Asma Belgaied Hassine, VERMEG for Banking & Insurance Software's Head of COLLINE Product Management. 👉Click here to register: https://lnkd.in/dQFJYRNM

🔢 Seamless data mapping, transformation, automaton and data quality with AGILE Ingest. Introducing AGILE Ingest, an integrated and powerful ETL tool for data transformation. AGILE Ingest provides efficient and transparent data integration from diverse sources and formats. Designed for flexibility and speed, it simplifies ETL processes, allows for corrections, transformations, enrichment and automation to support high data quality and reduce the IT overhead. ✅Key Features: • Reduce Cost: Benefit from an all-in-one integrated ETL tool • Accelerate Deployment: Intuitive drag-and-drop data integration • Data Flexibility: Handle any data format from any source with unmatched flexibility. Streamline your data integration with AGILE Ingest . 👉 Download our brochure now : https://bit.ly/4ffUwvO #RegTech #RegulatoryReporting #Data Transformation #ETL #DataMapping #DataEnrichment #DataQuality

📢 Join ISDA and VERMEG for Banking & Insurance Software to learn more about how the Common Domain Model can be used to reduce onboarding time and resources associated with #collateral_management. 📅 The webinar will take place on July 30 at 2pm BST/9am EDT and will feature ISDA’s Amy Caruso, head of collateral initiatives, Vernon Alden-Smith, director collateral initiatives, Wassel Dammak VERMEG’s head of collateral solutions strategy and Asma Belgaied Hassine, PhD, MBA VERMEG's Head of COLLINE Product Management. Click here to register: 👉 https://lnkd.in/dQFJYRNM

💻 Transform Data into Business Value with AGILE Insight Introducing AGILE Insight, a comprehensive business intelligence solution to gain value back from regulatory reporting. AGILE Insight allows you to leverage your data to deliver actionable business intelligence, whilst equipping you with the tools required for Granular Data Reporting. Designed for complex and vast datasets it empowers the user to unlock value in regulatory reporting, increasing business intelligence and reporting efficiency. ✅Key Features: • Regulatory Insight: Leverage regulatory data for deep, actionable business insight. • Effortless Reporting: Ready-made charts and dashboards or easily create your own. • AGILE Integration: Connect to AGILE and regulatory data is available with zero latency. Gain actionable insights and elevate your business intelligence with AGILE Insight. 👉 Download our brochure now : https://bit.ly/4bNQDeM #RegTech #RegulatoryReporting #granulardatareporting #BusinessIntelligence #ManagementInformation