VERMEG Transfers Its RegTech Division 'Agile' to Regnology in Strategic Move

VERMEG Advances with Agile's Sale to Regnology

In a strategic move reflecting its long-term vision, VERMEG, a prominent software provider in the financial services sector, has announced the sale of its RegTech division "Agile" to Regnology. This decision, confirmed on November 25, 2024, allows VERMEG to sharpen its focus on enhancing its offerings in Collateral Management and Insurance, ensuring a prosperous future for Agile under its new ownership.

VERMEG has built a solid reputation in asset servicing, expanding its portfolio over the years to include key products such as corporate actions, collateral management, and life insurance. This reliance on core strengths has positioned the company as a trustworthy partner for financial institutions globally.

Since its acquisition of Lombard Risk in 2018, VERMEG has established itself as a leader in the Collateral Management domain, gaining a foothold in Anglo-Saxon markets. This acquisition marked a transformative period for VERMEG, integrating complementary product offerings and establishing a critical operational hub in Tunisia—a center that continues to drive the company’s success.

The RegTech division, Agile, contributed significantly to the VERMEG brand with its modular and scalable SaaS platform that provides comprehensive regulatory reporting solutions. With nearly 10% of VERMEG's workforce dedicated to Agile, this division has become recognized in the industry for its innovation. Agile facilitates complete regulatory reporting—from data ingestion to final reporting—making it a key player amid complex regulatory frameworks.

Regnology, known for its expertise in regulatory reporting and supervisory processes, is set to benefit from Agile’s innovative capabilities and dedicated team. The acquisition enables Regnology to broaden its international reach while utilizing the skilled workforce based in Tunisia, maintaining operational continuity and expanding opportunities for Agile and its stakeholders.

"This transaction aligns with VERMEG's strategy to ensure long-term sustainability and success for both the company and its employees," stated Badreddine OUALI, co-CEO and founder of VERMEG. This transition allows VERMEG to redirect its resources toward its core Banking Market Infrastructure and Insurance segments, thereby crafting higher value for its clients.

For the new path VERMEG is carving, focusing on Collateral Management and Insurance will not only sustain its competitive edge but also enhance client satisfaction through innovation in financial technology solutions. As VERMEG looks ahead to harnessing its core strengths, this transition marks a pivotal moment in its evolution.

Since its inception in 1993, VERMEG has served over 500 clients across 40 countries in banking and insurance sectors, asserting itself as a leading provider of software solutions that drive automation and digital transformation within financial services. With its headquarters in Amsterdam and a diverse workforce of over 1,000 professionals worldwide, VERMEG is well-equipped to land on future pursuits with agility and insight.

Conversely, Regnology plays a crucial role in supporting over 35,000 financial institutions and various regulatory bodies worldwide, offering tools to manage their regulatory obligations efficiently through a robust data union model. By embracing Agile into its portfolio, Regnology is reinforcing its mission to navigate the ever-evolving landscape of regulatory demands and enhance efficiency across the board.

Both companies expect this strategic partnership to yield exceptional results, paving the way for future growth while adapting to the increasingly complex regulation-driven environment in which they operate. For more information on VERMEG and Regnology, their respective websites provide insights into their current offerings and future potential.