Wolters Kluwer has won FinTech Finance magazine’s Best in Regulatory Reporting Award. The accolade, which acknowledges excellence and innovation in providing regulatory reporting to banks globally, is part of the magazine’s inaugural award series.
Wolters Kluwer’s OneSumX provides an ecosystem of complementary and comprehensive solutions and services for financial services firms to manage their finance, risk andreporting obligations, increasing organizational profitability, efficiency and growth. OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.
“Our regulatory reporting capabilities provide comprehensive solutions for banks who require the reassurance of market leading content and technology. This independent recognition cements our industry leading position and is a testament to the hard work of our dedicated team who allow banks an integrated view of their regulatory reporting processes,” says Clive Pedder, executive vice president and general manager of the Finance, Risk & Reporting business at Wolters Kluwer. “We thank FinTech Finance for this prestigious accolade and look forward to further strengthening our offering in 2017.”
The award win follows a number of other major accolades for the firm. Last month Wolters Kluwer won Data Management Review’s (DMR) coveted Best Regulatory Reporting Application Award. Chartis, meanwhile, named the firm Category Winner for Regulatory Reporting in its RiskTech100® report – the sixth consecutive year Wolters Kluwer has received this honor. Corporate Vision magazine also named Wolters Kluwer Best International Financial Services Software provider for 2016 as part of its annual Technology Innovator Awards. And just two weeks ago Banking Technology awarded the firm its highly regarded Best Risk Management System accolade.
FinTech Finance magazine is published quarterly and has more than 10,000 global subscribers, drawn from the world of finance and the related technology sector. Its website attracts more than 45,00 visitors a month.