2019 Press Releases

Wolters Kluwer Wins Waters Technology Award for Market Risk

August 21, 2019 — Wolters Kluwer’s Finance Risk & Reporting (FRR) business is the Best Market Risk Solution Provider, according to Waters Technology, the 35-year-old journal of record for the financial technology industry.

Bank Hapoalim Opts for Wolters Kluwer’s OneSumX Software for Measuring Counterparty Credit Risk (SA-CCR)

August 19, 2019 – Bank Hapoalim, one of Israel’s largest banks has selected Wolters Kluwer’s OneSumX solution for Risk Management, specifically using the software for managing its credit risk profile.

Wolters Kluwer Introduces CASH Tax Importer to its Commercial Lending Product Suite

August 16, 2019 — Wolters Kluwer’s Compliance Solutions business has launched CASH Tax Importer™ to its CASH Suite solutions set, helping commercial lenders safeguard and speed the entry of accurate tax return data used in underwriting commercial loans. Used in conjunction with Wolters Kluwer’s CASH Insight™ module, the new module eliminates the manual, time-consuming task of entering data from a prospective borrower’s tax returns and tax schedules, allowing lenders to instead focus resources on the in-depth analysis of that data for underwriting.

Wolters Kluwer Successfully Implements OneSumX for Finance at Small Medium Enterprise Development Bank Malaysia Berhad

July 31, 2019 — Wolters Kluwer’s Finance Risk & Reporting (FRR) business has successfully deployed its OneSumX for Finance software at Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), allowing the bank to fully implement the Malaysian Financial Reporting Standards (MFRS) 9. SME Bank, an agency of the Ministry of Entrepreneur Development, has a mandate to nurture and develop the small and medium enterprise sector in Malaysia.

Wolters Kluwer’s ELM Solutions Contract Lifecycle Management Product is Named a Strong Performer by Forrester

July 23, 2019 — CLM Matrix from Wolters Kluwer’s ELM Solutions, the market-leading provider of enterprise legal spend and matter management, contract lifecycle management, and legal analytics solutions, was recognized as a “Strong Performer” in Contract Lifecycle Management in The Forrester Wave™ 2019 report.

China Merchants Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

July 18, 2019 — China Merchants Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S.

Wolters Kluwer’s ELM Solutions Builds Pharmacy Building for Charitable Organization Sevalaya in India

July 16, 2019 — Wolters Kluwer’s ELM Solutions today announced it has partnered with Sevalaya to build a Pharmacy building in Kasuva, India. The Pharmacy building, located about 40 km from Chennai city, is part of ELM Solutions’ ongoing commitment to positively impact local communities where the firm has a presence.

Wolters Kluwer Launches OneSumX SaaS Regulatory Reporting Solution and Regulatory Engine Upgrade

July 8, 2019 — Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has launched a software-as-a-service (SaaS) Regulatory Reporting solution. This marks the first time that the company’s OneSumX regulatory software has been made available on the cloud, thereby aligning with the cloud technology strategies the company’s customers are adopting, providing predictability of cost and lower total costs of ownership. At the same time Wolters Kluwer FRR is also unveiling a major upgrade to its OneSumX Regulatory Engine, which will be rolled out for on-premise installations of OneSumX for Regulatory Reporting, and immediately available in the new SaaS offering for clients across Europe and Asia Pacific. The new Regulatory Engine will be characterized by its enhanced performance and better user experience, in terms of speed, automation and scalability.

Wolters Kluwer’s CT Corporation Wins Best Legal Solution Prize

June 25, 2019 — Wolters Kluwer’s CT Corporation announced today that its UCC Filing Hub  application was named Best Legal Solution in the Business Technology category of the 2019 SIIA CODiE Awards. UCC Filing Hub is an intuitive Uniform Commercial Code (UCC) filing tool that simplifies law firm professionals’ deal workflows. The CODiE Awards recognize companies developing the most innovative business and education technology products across the country and around the world.

Wolters Kluwer Wins Risk Magazine’s Prestigious Regulatory Reporting System of the Year Accolade

June 20, 2019 — Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won a major award from Risk magazine. For the second year running its OneSumX for Regulatory Reporting solution has been named Regulatory Reporting System of the Year in the publication’s annual Technology Awards which celebrate excellence and innovation.

Wolters Kluwer’s ELM Solutions General Counsel Barometer Reveals Major Expansion of Legal Operations in Europe

June 19, 2019 — The corporate legal operations role in Europe has seen tremendous growth over the past two years, and General Counsel (GCs) rely more on technology for productivity gains as they focus on strategic business goals. That’s according to the General Counsel Barometer 2019, released by Wolters Kluwer’s ELM Solutions, the market-leading provider of enterprise legal spend and matter management, contract lifecycle management, and legal analytics solutions.

Wolters Kluwer’s Lien Solutions Triumphs Across Industry Awards, with Accolades for iLien and iLien Motor Vehicle

June 12, 2019 — Wolters Kluwer’s Lien Solutions has won a number of notable industry awards, recognizing excellence and innovation. US Business News has named the company Best Lien Services Technology Company, 2019, also naming the company’s iLien Motor Vehicle solution its Motor Vehicle Lending Technology Innovation of the Year, 2019. Finance Monthly magazine, meanwhile, has named the business Lien Filling Company of the Year, 2019, and Risk Mitigation Company of the Year, 2019. Corporate Vision magazine has also awarded the company its coveted Lien Management Technology Provider of the Year, 2019, trophy as part of its competitive Technology Innovator Awards.

Wolters Kluwer Governance, Risk & Compliance Earns Six Stevie Award Wins in 2019 American Business Awards®

June 5, 2019 — Wolters Kluwer’s Governance, Risk & Compliance (GRC) division has been honored with six Stevie Awards for four of its businesses as part of The 2019 American Business Awards. The accolades include a Gold Stevie Award for Wolters Kluwer ELM Solutions, one Silver and two Bronze Awards for Compliance Solutions, one Silver Award for Lien Solutions, and one Bronze Award for CT Corporation.

Wolters Kluwer’s Lien Solutions Honored as Silver Stevie Award Winner in 2019 American Business Awards®

June 3, 2019 — Wolters Kluwer’s Lien Solutions has been named winner of a Silver Stevie® Award, Financial Services category, in The 17^th Annual American Business Awards® for the development and launch of its iLien Motor Vehicle solution. Lien Solutions triumphed in putting forth a winning submission against a highly competitive field; this year, more than 3,800 nominations were reviewed as part of the award’s judging process.

Wolters Kluwer’s ELM Solutions Wins Top American Business Award for Legal Information Solutions

May 30, 2019 — Wolters Kluwer’s ELM Solutions, the market-leading provider of enterprise legal spend and matter management, legal analytics and contract lifecycle management solutions, today announced that its Legal Holds module was named a Gold Stevie® Award winner in the Legal Information Solutions category in The 17^th Annual American Business Awards®.

Wolters Kluwer to Share Expertise at 2019 ABA Regulatory Compliance Conference

May 23, 2019 — Barbara Boccia, CRCM, Senior Director for Advisory Services and Regulatory Relations in Wolters Kluwer’s Compliance Solutions business, will speak on “Leading Indicators for UDAAP Risk: Being Customer-Centric without Compliance Compromise” at the 2019 American Bankers Association Regulatory Compliance Conference, June 9-12 at the Hyatt Regency in downtown New Orleans.

Wolters Kluwer’s ELM Solutions Adds Contract Lifecycle Management to Legal Solutions Offerings through Acquisition of CLM Matrix

May 13, 2019 — Wolters Kluwer’s ELM Solutions has extended its best-in-class portfolio of products and services that help corporate legal and claims departments control costs while increasing revenues and improving productivity by acquiring CLM Matrix, a leading provider of contract lifecycle management (CLM) software. Wolters Kluwer disclosed the acquisition in the First-Quarter 2019 Trading Update on May 8.

Wolters Kluwer’s Operational Risk Solution Recognized for Excellence and Innovation

May 8, 2019 – Wolters Kluwer’s Compliance Program Management (CPM) business has been recognized for its Operational Risk expertise, winning RegTech Insight’s Best Vendor Solution Award for Managing Operational Risk, 2019. The business has also won Operational Risk accolades from US Business News and Corporate Vision magazine, celebrating the prominent market position of its OneSumX for Operational Risk solution.

Wolters Kluwer and Chartis Research to Explore Benefits of Artificial Intelligence for Managing Regulatory Change

May 2, 2019 — Experts from Wolters Kluwer’s Compliance Program Management (CPM) business and Chartis Research will discuss ways in which financial services firms can tap the power of Artificial Intelligence (AI) to more effectively manage their regulatory compliance obligations in a webinar, “Leveraging AI for Regulatory Change,” on Tuesday, June 4, 2019 from 10-11 a.m. EDT.

Wolters Kluwer’s ELM Solutions Introduces AI-Enabled Intelligent Invoice Conversion

May 2, 2019 — Wolters Kluwer’s ELM Solutions announced the launch of Intelligent Invoice Conversion, a new managed service that uses artificial intelligence and human expert review to convert paper and PDF invoices into Legal Electronic Data Exchange Standard (LEDES) files that are submitted electronically through ELM Solutions’ Passport and TyMetrix 360° e-billing solutions.

Wolters Kluwer’s Lien Solutions Launches Portfolio Sync

May 1, 2019 — Wolters Kluwer’s Lien Solutions has launched Portfolio Sync, a first-of-its-kind lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. As an addition to iLien, Lien Solutions’ flagship lien management product, Portfolio Sync combines customers’ existing iLien filings with public records data into one view, providing greater visibility into one’s entire lending portfolio—and identifies associated gaps that may require risk mitigation or other actions to maintain a lender’s secured interests.

Equifax and Wolters Kluwer Team Up to Offer End-to-End CECL Solution

March 28, 2019 — Equifax, a global data, analytics, and technology company, and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business, are teaming up to provide an end-to-end Current Expected Credit Losses (CECL) solution. The companies are combining their respective CECL offerings and capabilities to help financial institutions comply with new standards instituted by the Financial Accounting Standards Board (FASB) for a complete solution that ensures an integrated and supportable framework.

Wolters Kluwer’s ELM Solutions Introduces Application Management Services

March 27, 2019 — Wolters Kluwer’s ELM Solutions announced the availability of its Application Management Services, a set of managed services designed to drive efficiency, control costs, and improve outcomes in corporate legal and claims departments by strategically optimizing the Passport® or TyMetrix® 360° solutions. As corporations seek innovative ways to solve business challenges, ELM Solutions has expanded its expert services portfolio to help clients maximize internal resources and their technology investments.

Grow Financial Credit Union Selects Wolters Kluwer’s ComplianceOne® Lending, CASH Suite™ Solutions

March 20, 2019 — Grow Financial Credit Union, headquartered in Tampa, Fla., has selected Wolters Kluwer’s ComplianceOne® Lending and CASH Suite™ solutions to streamline its commercial lending processes and enhance compliance risk management throughout its 26 branch locations.

Wolters Kluwer Experts are Featured Speakers at 2019 ICBA, CBA National Conferences

March 15, 2019 — Principal Regulatory Strategist and Senior Advisor Timothy R. Burniston and Barbara Boccia, Senior Director for Advisory Services and Regulatory Relations in Wolters Kluwer’s Compliance Solutions business, will speak at two major banking association conferences this spring. Boccia will lead a session looking at the challenges community bank compliance teams face in an evolving regulatory environment at the 2019 Independent Community Bankers of America® national convention, ICBA LIVE®, March 18-22 in Nashville.

Wolters Kluwer’s CT Corporation Wins a Stevie Award for Customer Service

March 11, 2019 — Wolters Kluwer’s CT Corporation announced today that it earned a Bronze level Stevie® Award for Front Line Customer Service Team of the Year. This award recognizes the dedicated, expert CT Corporation customer service teams that businesses rely on to help proactively manage their complex corporate legal compliance requirements. As part of our managed service offering, our customer service professionals partner with corporations to proactively track and manage their critical compliance requirements related to their legal entities, annual reports and business licenses.

Investors Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

March 7, 2019 — Investors Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software. Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey, has approximately $25.52 billion in assets and 151 branches located throughout New Jersey and New York.

Central Bancompany Selects Wolters Kluwer’s Regulatory Change Management, Risk and Controls Technology

March 6, 2019 — Central Bancompany, headquartered in Jefferson City, Mo., has implemented Wolters Kluwer’s regulatory change management offering along with its risk and controls assessment solution to streamline processes and enhance compliance risk management and controls among Central Bancompany’s 13 affiliate banks.

Wolters Kluwer’s ELM Solutions Wins Two Stevie Awards for Customer Service

March 5, 2019 — Wolters Kluwer’s ELM Solutions announced that it earned two Stevie® Awards for Sales & Customer Service, a silver level award for Customer Service Department of the Year – Computer Software and a silver level award for Best Customer Feedback Strategy. The Stevie Awards for Sales & Customer Service are the world’s top honors for customer service, contact center, business development and sales professionals. More than 2,700 nominations from organizations of all sizes and in virtually every industry, in 45 nations, were evaluated in this year's competition.

Wolters Kluwer to Share Fintech Expertise at 2019 Securities Industry Institute

February 28, 2019 — Stevie Conlon, vice president, tax and regulatory counsel in Wolters Kluwer’s Compliance Solutions business, will speak on “Successfully Managing Financial Innovation and Disruption” at the Securities Industry Institute® (SII) conference in early March. The event will take place at the University of Pennsylvania’s Wharton School at 12:30 p.m. ET on Tuesday, March 5, 2019 and is co-hosted with SIFMA (The Securities Industry and Financial Markets Association). The SII is an executive development program designed for professionals in all areas of financial services, including participants from financial exchanges and regulatory agencies.

Bank of China Selects Wolters Kluwer’s OneSumX for Integrated Finance, Risk and Regulatory Reporting in Australia

February 27, 2019 — Bank of China has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting calculation and submission software for its operations in Australia.

Wolters Kluwer Invited to Bank of England Roundtable on the Resolvability Assessment Framework Package

February 12, 2019 – Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has been invited to take part in an industry roundtable, organized by the Bank of England, which will discuss proposals designed to ensure U.K. banks are accountable for their own resolvability - the Resolvability Assessment Framework (RAF).

Wolters Kluwer Triumphs in US Business News Awards

February 5, 2019 — Wolters Kluwer’s CASH Workflow™ solution has been named Commercial Loan Origination Solution of the Year by US Business News, as part of its Technology Elite awards series.

BBVA Compass Selects Wolters Kluwer’s OneSumX for Regulatory Reporting in the U.S.

January 25, 2019 — BBVA Compass has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide regulatory reporting software for its operations in the U.S. BBVA Compass is the U.S.-based subsidiary of Spanish multinational banking group BBVA, with a major presence throughout the Sunbelt region of the U.S. and total assets of more than $90 billion.

Austria’s Sparkassen-Prüfungsverband Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

January 23, 2018 — Sparkassen- Prüfungsverband has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its market leading regulatory reporting software functionality for the mandatory audit reports and appendix to the reports (the so-called “Anlage zum Prüfbericht”). These yearly bank audits need to be performed by the auditors for all banks in Austria, with many choosing to utilize OneSumX for Regulatory Reporting.

Wolters Kluwer Launches Online Applications Capability for Community Banks, Credit Unions

January 16, 2019 — Wolters Kluwer’s Compliance Solutions business has launched Online Applications, a digital offering that integrates with the firm’s ComplianceOne® solution and its recently launched Vanceo™ Mortgage offering. The new functionality enhances online loan application capabilities for community banks and credit unions, allowing consumers to begin a loan application with their community bank or credit union from any digital device, at any time.

Milleis Banque Selects Wolters Kluwer to Provide Integrated Regulatory Compliance and Reporting Architecture

January 11, 2019 — Milleis Banque has selected Wolters Kluwer to provide its integrated regulatory compliance and reporting software. The bank will use Wolters Kluwer’s OneSumX for Risk Management as well as OneSumX for Regulatory Reporting to build a truly integrated risk and reporting framework.

Bendigo and Adelaide Bank Goes Live with Wolters Kluwer’s OneSumX for Regulatory Reporting

January 7, 2019 — Bendigo and Adelaide Bank has completed its implementation of Phase 1 of Modernized Economic and Financial Statistical Reporting (EFS) using Wolters Kluwer’s OneSumX for Regulatory Reporting. EFS is an ambitious regulatory change program, managed by the Australian Prudential Regulation Authority (APRA).