#Sweden #Stockholm #Vermiculus #Corporate Actions #VeriAct

Vermiculus Launches AI-Powered Corporate Action System

Vermiculus, a notable player in the realm of market infrastructure technology, has recently introduced its cutting-edge product, the VeriAct corporate action system. As the demand for sophisticated solutions in corporate actions grows, VeriAct emerges as a cloud-native system that promises to streamline the entire lifecycle of corporate actions.

This innovative system is designed with flexibility in mind, capable of managing a diverse range of corporate action event types. Additionally, it allows users to configure event types, taxation rules, and formulas to meet the ever-evolving demands of the market. The emphasis on transparency is evident with the system’s explicit and thoroughly auditable outcome logic, which provides a clear traceability across the processing chain.

A key feature of VeriAct includes its comprehensive notification capabilities, which keep all market participants updated through every stage of the event lifecycle. The system empowers organizations to efficiently manage both official processing and simulations, demonstrating great precision in handling complex scenarios.

Gustav Nystedt, Senior Product Expert at Vermiculus, states that corporate actions necessitate flexible management due to the constant emergence of new event types. He noted, “With our new AI-powered corporate action system, we've made that process dramatically simpler and more flexible.” Nystedt emphasized that the new launch equips market infrastructures with a robust tool that can adapt to regulatory requirements and local market practices without necessitating extensive hard-coding initiatives.

VeriAct has already garnered the attention of significant clients, including B3, a major global market infrastructure operator. The system is rooted in a microservices architecture, ensuring that various components can function independently while integrating seamlessly via message-based connections. This design not only enhances the processing capabilities but also simplifies the integration process with existing infrastructures.

In practice, VeriAct excels at addressing intricate configurations for any invented event type, assuring accurate results and consistent delivery to downstream systems. This adaptability is crucial for market infrastructures to maintain efficiency while managing an increasing volume and complexity in corporate actions.

Vermiculus aims to provide a complete portfolio of cloud-native solutions that support trading, clearing, and central securities depository operations. The new corporate action system can be deployed as a stand-alone solution or integrated into Vermiculus' existing offerings.

Founded in 2020 by industry veterans, Vermiculus Financial Technology AB has been making strides in the sector by enhancing and modernizing technologies used by exchanges, clearing houses, and CSDs, with its headquarters located in Stockholm, Sweden. The company prides itself on delivering mission-critical solutions, leveraging the vast experience of its expert teams in the market.

For those interested in learning more about this innovative system and how it can transform corporate actions, detailed information is available at Vermiculus' website. The launch of VeriAct marks a significant milestone, not only for Vermiculus but for the future of market infrastructures looking to ensure agility and adaptability in a digital age.