Wolters Kluwer today announced that Chartis Research has named the firm Category Winner for Regulatory Reporting in its RiskTech100®report, a comprehensive study of the world’s most significant risk and compliance technology companies. Notably, this is the sixth year running that Wolters Kluwer has achieved this honor.
Wolters Kluwer’s Regulatory Reporting solution is part of the OneSumX solution suite, an ecosystem of complementary and comprehensive solutions and services that help manage the intersection of governance, finance, risk and compliance (GFRC), increasing organizational profitability, efficiency and growth. OneSumX Regulatory Reporting is a unique service maintained by Wolters Kluwer experts who actively monitor regulations in approximately 50 countries, helping to ensure the solution is current at all times.
“Globally, financial institutions are required to submit an ever increasing range of information to regulators, an obligation that remains burdensome for the financial services industry,” said Peyman Mestchian, managing partner at Chartis. “Wolters Kluwer continues to be a leader in helping its customers address these challenges and better position themselves for increased organizational profitability, efficiency and success.”
“Financial institutions, more than ever before, require a robust regulatory reporting framework and OneSumX provides this capability for leading banks around the world,” said Clive Pedder, executive vice president and general manager, for the Finance, Risk & Reporting business at Wolters Kluwer. “We are honored that Chartis not only recognizes our deep regulatory reporting capabilities, but also our ability to meet these requirements in the context of a holistic GFRC framework through our OneSumX solution.”
Several leading banks have recently implemented the company’s OneSumX Regulatory Reporting solution, including ABLV Bank, Banco Santander, BGFI Bank and Taiwan Business Bank.