Wolters Kluwer Triumphs in Risk Technology Awards with Regulatory Reporting System of the Year Accolade

Wolters Kluwer’s Finance, Risk & Reporting business has won a major
award from Risk magazine. Its OneSumX
for Regulatory Reporting solution has been named Regulatory Reporting
System of the Year, 2018, in the publication’s annual Technology
Awards which celebrate excellence and innovation.

The awards, which are widely regarded to be among the most prestigious
accolades for financial technology, were decided by an expert panel of
judges, including Risk magazine’s editorial team.

Judges commented how OneSumX Regulatory Reporting is a “a
well-differentiated solution [that provides] a comprehensive set of
features matched to the needs of clients.” In their justification for
the award the panel also noted how “data handling and management are
strong [with] good coverage of global reporting requirements,” taking
into account client testimonials.

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.

“Wolters Kluwer is a global market leader in the provision of integrated
regulatory compliance and reporting solutions, supporting regulated
financial institutions in meeting their obligations to external
regulators and their own boards of directors,” commented Claudio
Salinardi, Executive Vice President and General Manager of Wolters
Kluwer’s Finance, Risk & Reporting business. “Hotly contested awards
such as this important accolade from Risk magazine provide
independent verification of our leading position in the market. The
integrated nature of our OneSumX suite of solutions, which comprises
core finance, risk and regulatory reporting offerings, means our clients
have access to cutting-edge technology, enabling them to integrate their
finance, risk and reporting architecture. We will continue to work
closely with clients globally to help them manage their increasingly
demanding regulatory obligations.”

Risk magazine is published by Infopro Digital and recently
celebrated 30 years of providing news and intelligence on the global
financial markets.

In related news Chartis Research, also owned by Infopro Digital, last
month named
the company a Category Leader in its Current Expected Credit Loss (CECL)
Technology Solutions report. Chartis uses in-depth research and a
clear scoring system to determine which solutions in the marketplace can
meet an organization’s needs. Chartis
also named Wolters Kluwer as a Category Leader in its International
Financial Reporting Standards (IFRS) 9 Technology Solutions: Market
Update report.

Leading financial services firms continue to implement the company’s
award winning OneSumX solution for Regulatory Reporting, Risk and
Finance, including IFRS 9 and CECL systems. Major financial services
providers from across the world that have recently announced their use
of Wolters Kluwer solutions include ABN AMRO, SME Development Bank
Malaysia Berhad, Bahrain Middle East Bank, China Everbright Bank, China
Merchants Bank, LGT and Nordea.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance (GRC) is a division of Wolters
Kluwer, which provides legal and banking professionals with
solutions to ensure compliance with ever-changing regulatory and legal
obligations, manage risk, increase efficiency, and produce better
business outcomes. GRC offers a portfolio of technology-enabled expert
services and solutions focused on legal entity compliance, legal
operations management, banking product compliance, and banking
regulatory compliance.

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information
services and solutions for professionals in the health, tax and
accounting, risk and compliance, finance and legal sectors. Wolters
Kluwer reported 2017 annual revenues of €4.4 billion. The company,
headquartered in Alphen aan den Rijn, the Netherlands, serves customers
in over 180 countries, maintains operations in over 40 countries and
employs 19,000 people worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005068/en/

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