VERMEG and IDClear Join Forces to Bring CCP Collateral Management and Digital Solutions to The Indonesian Financial Market
Comunicato Precedente
Comunicato Successivo
VERMEG's Digital CCP platform, built on a cloud-native API-first architecture, assists market infrastructure and capital markets clients to optimize their assets; increase productivity; and enhance risk management capabilities, as well as to allow its client to offer value-added services to their members or customers.
Badreddine Ouali, Chief Executive Officer of VERMEG commented:
"We are delighted to expand our strategic collaboration with IDClear to include our Digital CCP Platform. By combining IDClear's Collateral Management expertise with our flexible Digital CCP solutions, we are empowering IDClear and its members to optimize their inventory and productivity, increasing profitability, as well as to help to reduce their credit, market, and systemic risk."
Iding Pardi, President Director of IDClear said:
"We are delighted to partner with VERMEG to extend their best practice CCP solutions to the Indonesian financial market. This allows our clearing members with the opportunity to benefit from the latest in cloud-ready digital technologies."
Links:
https://veggoplatform.com/market-infrastructure
https://veggoplatform.com/cib-asset-management
https://veggoplatform.com/platform
https://www.vermeg.com/megara/
VERMEG Press Contacts
Samia Oueslati
Email: [email protected]
About VERMEG
VERMEG is a leading provider specialized in software and digital solutions for collateral management, regulatory and compliance, and insurance industries. As a leader in the collateral market, its technology targets key challenges driving operational efficiency, cost savings, optimization and risk mitigation. Encapsulating more than 25 years of experience in the financial sector, VERMEG has a deep understanding of the current challenges facing the industry. Through our digital solutions developed with low-code no-code technology, Veggo platform by VERMEG offers ready-to-use apps, perfectly tailored to our clients' needs. This guarantees for clients achieve increased efficiency, improved user experience and the ability to grow their business and reduce costs.
Follow us on LinkedIn and YouTube
About IDClear
IDClear was established in 1996 as a clearing and guarantee institution or CCP for the Indonesian capital market. IDClear's line of business is to organize clearing of securities exchange transaction and regulated over-the counter (OTC) transactions as well as securities exchange settlement guarantee. The development of industry and economy has enabled IDClear to expand its business activities by conducting other financial supporting services, with the approval of the Indonesia Financial Services Authority and in accordance with applicable laws and regulations. The year 2020 marked a milestone for IDClear as it expanded its role as a CCP for the OTC derivative market, as well as to support the Government's program towards the development of an integrated, efficient, and transparent financial market.
Follow us on Linkedin and Youtube
View original content:https://www.prnewswire.co.uk/news-releases/vermeg-and-idclear-join-forces-to-bring-ccp-collateral-management-and-digital-solutions-to-the-indonesian-financial-market-302241891.html
