Wolters Kluwer’s
OneSumX has been named Best Risk Management System by Banking
Technology magazine in its 2016 awards. Now in their 17th year,
the Banking Technology Awards are
among the most hotly contested and prestigious awards for recognizing
excellence and the use of IT in banking and financial services. OneSumX provides
an ecosystem of complementary and comprehensive solutions and services for
financial services firms to manage their finance,
risk and
reporting obligations, increasing organizational profitability, efficiency and
growth. OneSumX for
Risk helps these organizations to address compliance,
credit,
counterparty
credit, financial
crime, market,
liquidity,
and operational
risk.
“This independent acknowledgement of our leading position in
the global risk management arena is extremely pleasing for the firm and our
team of experts devoted to this area,” notes Clive Pedder, executive vice
president and general manager for Wolters Kluwer’s global Finance, Risk &
Reporting business. “Our deep understanding of the markets enables us to
provide our expanding client base with comprehensive and integrated finance,
risk and reporting solutions. We thank Banking Technology for this
prestigious accolade and look forward to further strengthening our offering in
2017.”
Recent firms to have signed up to use OneSumX for Risk include Československá
obchodní banka (ČSOB), a leading Czech bank owned by Belgium’s KBC, and Mizuho
Bank’s Netherlands-based subsidiary, which utilizes the firm’s capabilities
to provide an integrated solution for risk calculations and multi country
regulatory reporting.
The award win follows a string 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 honour. Corporate
Vision magazine also named Wolters Kluwer Best
International Financial Services Software provider for 2016 as part of its
annual Technology Innovator Awards.
Banking Technology was
founded in London in 1984, providing global news and intelligence for bankers,
vendors, consultants and analysts. Its website attracts 80,000+ unique monthly
visitors and its daily newsletter is delivered to more than 14,500 key
decision-makers in the financial services and technology sectors. It is
published by Informa – a major British publishing house that is quoted on the
London Stock Exchange and a member of the FTSE100.
About Wolters Kluwer
Governance, Risk & Compliance
Wolters Kluwer Governance, Risk &
Compliance (GRC) is a division of Wolters Kluwer which
provides legal, finance, risk and compliance professionals and small business
owners with a broad spectrum of solutions, services and expertise needed to
help manage myriad governance, risk and compliance needs in dynamic markets and
regulatory environments. The division’s prominent brands include:
AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT
Corporation, CT Lien Solutions, ComplianceOne®, Corsearch, Expere®,
GainsKeeper®, LegalVIEW®, OneSumX®, Passport®, TyMetrix® 360, Uniform
Forms™, VMP® Mortgage Solutions and Wiz®.
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 2015 annual revenues of €4.2
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.