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Financial Services Compliance Software in Tunisia: COLLINE Wins Prestigious Award, VERMEG Integrates Common Domain Model into Custodix Hub, and More

Tunis, June 2024

The financial services industry in Tunisia is abuzz with developments in compliance software, as COLLINE wins the prestigious award for “Best Sell-Side Collateral Management Solution” by the FTF News Technology Innovation Awards 2024. This achievement highlights the company’s commitment to providing innovative solutions for the financial sector.

VERMEG’s Innovative Solutions

VERMEG, a specialized software house, has also made significant strides in the industry. The company has integrated the Common Domain Model into its Custodix Hub, connecting custodian banks and insurance companies through an innovative solution and flexible service. This move is expected to revolutionize the way financial institutions manage their operations.

Partnership with Clearstream and Luxhub

VERMEG has also partnered with Clearstream and Luxhub to offer a first-of-its-kind STP tri-party collateral management solution for ECMS launch. This partnership is set to transform the way financial institutions approach collateral management.

Central Bank Liquidity and Digital Transformation

The importance of central bank liquidity was also highlighted in a recent whitepaper by Euroclear and VERMEG, which emphasized the need for innovative solutions to address the challenges facing the industry. VERMEG’s expertise in providing trusted compliance software has been recognized globally, with over 550 clients in 40 countries and more than 1600 employees.

Partnership with Santander

In a recent partnership announcement, VERMEG extended its partnership with Santander, selecting MEGARA for its post-trade processing system in Brazil. This development underscores the company’s ability to deliver innovative solutions that meet the evolving needs of the financial services industry.

The Future of Compliance Software in Tunisia

As the financial sector continues to evolve, compliance software will play an increasingly important role in ensuring regulatory compliance and reducing risk. With companies like COLLINE and VERMEG leading the charge, Tunisia is poised to become a hub for financial services innovation in Africa.

Key Takeaways:

  • COLLINE wins prestigious award for “Best Sell-Side Collateral Management Solution”
  • VERMEG integrates Common Domain Model into Custodix Hub
  • Partnership with Clearstream and Luxhub offers STP tri-party collateral management solution
  • Euroclear and VERMEG release whitepaper on central bank liquidity
  • VERMEG extends partnership with Santander for post-trade processing system in Brazil