AMSTERDAM, Nov. 25, 2024 /PRNewswire/ — VERMEG, a leading provider of software solutions for the financial services industry, backed by Charterhouse Capital Partners, announces today it has entered into an agreement to sell its RegTech division “Agile” to Regnology, a renowned global expert in regulatory compliance. This strategic transaction aligns with VERMEG’s long-term vision to strengthen its focus on its core areas of expertise, Collateral Management and Insurance, while ensuring a promising future for the Agile team under Regnology’s leadership.

For decades, asset servicing has been a cornerstone of VERMEG’s operations, with a comprehensive portfolio that includes corporate actions (OST), Collateral Management, mutual funds (OPCVM), and life insurance. These core offerings have solidified VERMEG’s reputation as a trusted partner to financial institutions worldwide.

The acquisition of Lombard Risk in 2018 marked a pivotal moment in VERMEG’s history, enabling the company to expand into Anglo-Saxon markets and establish itself as the global leader in Collateral Management. This transformation was driven by the complementarity between VERMEG’s and Lombard Risk’s product portfolios and supported by the center of expertise established in Tunisia, which continues to play an instrumental role in VERMEG’s success.

Agile, VERMEG’s regulatory business division, has represented a distinct and specialized segment of the company, accounting for approximately 10% of its workforce. Over the years, Agile has evolved into a best-in-class modular and scalable SaaS platform that delivers end-to-end regulatory reporting solutions, from data ingestion, through calculation to last-mile reporting. Positioned as a high-performing entity in the complex regulatory environment, Agile has garnered industry recognition for its innovation and capabilities.

Through this transaction, Agile will join Regnology, a globally recognized leader in regulatory reporting and supervisory processes. This move enables Regnology to expand its international footprint and leverage the expertise and talent cultivated in Tunisia. The strategic partnership ensures service continuity while creating exciting opportunities for Agile and its team.

For VERMEG, the transaction represents a significant milestone in its strategy to concentrate on its core strengths. By consolidating its leadership in Collateral Management and Insurance, VERMEG will mobilize resources to pursue growth and deliver even greater value to its clients. This strategic realignment underscores VERMEG’s commitment to innovation and excellence in financial technology.

“This transaction aligns with VERMEG’s strategy to ensure long-term sustainability and success for both the company and its employees,” said Badreddine OUALI, co-CEO and Founder. At the same time, VERMEG can focus on strategic initiatives in its core Banking & Market Infrastructure and Insurance divisions, leveraging additional resources to deliver even greater value to our clients.”

About VERMEG

Founded in 1993, VERMEG provides software solutions to over 500 blue-chip clients in more than 40 countries across the banking, insurance, and wealth management industries. The company’s high-quality platform offers best-in-class tools to automate processes and drive digitalization in financial services. Headquartered in Amsterdam with offices in 16 countries, VERMEG employs over 1,000 people worldwide. For more information, visit www.vermeg.com.

About Regnology

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Regnology is a leading global provider of innovative solutions for supervisory, regulatory and tax reporting. Over 35,000 financial institutions, 70 regulators and tax authorities rely on our solutions to streamline their processes, enhance data quality, and improve efficiency. Building on our unified data ingestion model, Regnology is uniquely positioned to support regulators in data collection and supervisory processes, and the regulated across the full regulatory reporting value chain. Leveraging the expertise of 900+ employees in 16 countries, we help clients navigate the complexities of an ever-evolving, data-intensive regulatory landscape.

For more information, visit www.regnology.net/.  

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Contact: 

Donia SAHLI [email protected]

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DUBAI, UAE, Nov. 25, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 140 million users, has integrated Binance Connect, Binance‘s official fiat-to-crypto gateway, to streamline access to digital assets and enhance the user journey. This integration offers a seamless experience with direct access to peer-to-peer (P2P) services and robust fiat-to-crypto solutions, all within Trust Wallet’s efficient environment.

With Binance Connect, Trust Wallet users can now access over 300 cryptocurrencies at competitive rates, supported by Binance’s unparalleled liquidity and market reach. This integration streamlines the fiat-to-crypto experience, allowing transactions via credit and debit cards, bank transfers, Binance wallet balance, and Binance P2P trading.

Through this integration, Trust Wallet is enabling users to access a broad range of crypto services from trusted partner merchants, reducing barriers and making it easier for millions to connect to the world of Web3.

Trust Wallet currently supports seven fiat on-ramp solutions, and the addition of Binance Connect supercharges Trust Wallet’s capabilities offering its users a seamless, cost-effective, and accessible way to buy, sell, and manage cryptocurrencies directly within the wallet.

Key Benefits of Binance Connect Integration:

• Global Accessibility: Binance Connect expands on-ramp coverage to underserved regions, providing users worldwide with more ways to access cryptocurrencies.
• Effortless Onboarding: Binance KYC-verified users enjoy faster access to P2P and fiat services within Trust Wallet, eliminating the need for additional checks.
• Cost Efficiency: P2P transactions via Binance Connect are generally more affordable than traditional payment methods, further promoting crypto adoption. Competitive P2P transaction fees make crypto more accessible and encourage regular use.
• Robust Currency Support: The integration supports 100+ fiat currencies, 300+ cryptocurrencies, and over 300 payment methods, including both traditional and alternative options.

Eowyn Chen, CEO of Trust Wallet, emphasized the significance of this integration:

“At Trust Wallet we keep working to make Web3 accessible to everyone. By collaborating with Binance Connect, we’re simplifying the journey into the on-chain world, particularly for users in regions where traditional financial infrastructure channels fall short. This integration is a game-changer for empowering self-custodial wallet users globally.”

“Trust Wallet’s integration of Binance Connect demonstrates the power of collaboration in advancing the Web3 ecosystem,” says Thomas Gregory, Vice President of Fiat at Binance. “Together, we are simplifying the user experience for millions worldwide, offering seamless transactions that make digital assets accessible, especially in regions where traditional financial systems face limitations.”

Trust Wallet users can begin using Binance Connect immediately by selecting it as their preferred payment method within the app. From setting up the wallet to completing transactions, the process is intuitive and seamless, regardless of experience level.

To explore the benefits of Binance Connect within Trust Wallet, download Trust Wallet today.

About Trust Wallet

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Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it possible for millions of people around the world to experience Web3, access dApps, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits. 

About Binance Connect

Powered by Binance, Binance Connect is a comprehensive fiat-to-crypto solution that provides access to Binance’s global liquidity and an extensive array of payment methods. Its mission is to simplify access to cryptocurrencies and Web3 services worldwide.

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View original content:https://www.prnewswire.co.uk/news-releases/trust-wallet-integrates-binance-connect-to-supercharge-fiat-to-crypto-transactions-expanding-access-for-millions-302315458.html

NEW YORK, Nov. 25, 2024 /PRNewswire/ — Mosaic, the world’s leading Digital Deal Modeling platform, today announced the release of its integration with S&P Global Market Intelligence’s S&P Capital IQ, supercharging the Mosaic platform with high quality financial data from S&P Global Market Intelligence for mutual customers. S&P Capital IQ’s comprehensive financial and market data will automatically populate Mosaic’s industry leading Digital Deal Modeling engine for seamless, rapid screening of public-to-private transactions. This integration empowers private equity firms and investment banks on Mosaic to conduct complex take-private analysis in under one minute, leveraging Capital IQ’s extensive dataset, including fundamental financials, consensus estimates, and real-time market pricing – paired with the user’s differentiated judgements on appropriate capital structure and exit for the deal.

With this integration, dealmakers can now accelerate their deal idea generation processes by completing in minutes what used to take hours in legacy, spreadsheet-based workflows. Mosaic’s innovative platform, already renowned for its precision and efficiency in deal modeling, is now further enhanced by S&P Capital IQ’s high-quality data, enabling faster, more accurate insights for better-informed investment decisions.

“Mosaic’s integration with S&P Capital IQ data represents a major leap forward in analytical capacity and capability for our shared customers,” said Ian Gutwinski, Founder & CEO of Mosaic. “By combining the advanced modeling capabilities of Mosaic with Capital IQ’s trusted data, we’re able to offer an unparalleled solution for transaction screening and analysis, reducing time spent on manual data collection and allowing users to focus on high-impact assumptions around a deal’s base case forecast, capitalization and exit.”

This integration aligns with Mosaic’s mission to empower financial professionals with cutting-edge tools that simplify complex financial transactions, offering greater speed and accuracy in a competitive market. With S&P Capital IQ’s data now available within Mosaic’s platform, users can now screen new opportunities with a level of agility previously unattainable.

For more information on the Mosaic platform and the new S&P Capital IQ integration, visit https://mosaic.pe/platform-updates

About Investor Technology Group, Inc. (doing business as Mosaic):
Investor Technology Group is digitizing the private equity front office through its pioneering Digital Deal Modeling™ platform, Mosaic.

Thousands of the world’s best investment professionals at firms managing over half a trillion of assets including Warburg Pincus, CVC, New Mountain Capital, Bridgepoint, Ontario Teachers’ Pension Plan, The Riverside Company, and many more leverage the Mosaic platform to efficiently screen a world of opportunity and identify the handful of investments worthy of their portfolios.

By combining our founding team’s deep sector expertise with cutting edge digital technologies – and the collective intelligence of our pioneering user base – we’re building the future of private equity. To be a part of that future, visit Mosaic.pe or contact [email protected].

Press Contact:
Manasa Grandhi
Director of Operations
[email protected]
https://mosaic.pe

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View original content:https://www.prnewswire.co.uk/news-releases/mosaic-announces-strategic-integration-with-sp-capital-iq-data-to-streamline-public-to-private-deal-modeling-302315132.html

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