Information Mosaic, SmartStream and Vermeg were all Accredited in 2010 establishing them as having the only corporate actions processing systems with independently benchmarked and verified functionality.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. Accreditation said âWe are delighted to accept entry once again, of these top global Corporate Actions systems into the B.I.S.S. Accreditation process. All three proved to the independent industry panel last year to be functionally rich, full corporate actions systems. However, each year new challenges are set for systems entering this extensive examination, as the market and corporate actions processing continues to change and evolve. The benchmarking process continues to be reviewed annually to ensure it is always up to date able to fulfil the needs of global markets and financial services firms in all sectors of the industry.â
âThe B.I.S.S. Accreditation is becoming year after year a major event within the securities processing industry and has set the standard in corporate actions processing. As part of its core business, Vermeg is continuously investing in its Corporate Actions and participating in the benchmarking is an excellent opportunity for us to showcase the progress of MegaCor and demonstrate again the expertise of our teams.â Boujemaa Khaldi, Sales Director, Vermeg