Comprehensive Ecosystem of GFRC Solutions Enables Forward-Looking Approach to Compliance, Risk and Performance Management
Wolters Kluwer Financial Services today announced the joining of its broad and deep portfolio of Governance, Finance, Risk & Compliance (GFRC) solutions under the company’s new OneSumX ® brand. The move allows Wolters Kluwer Financial Services to provide financial organizations with a complementary and comprehensive ecosystem of GFRC solutions and services that enables them to take a forward-looking approach to managing compliance, risk and performance.
The OneSumX brand replaces many of Wolters Kluwer Financial Services industry-leading solutions and brands, including ARC Logics ®, BankReg, Financial Studio, Summix, RiskPro, RegPro, SVENSON, Wiz ® Sentri and Examiner.
“Wolters Kluwer Financial Services has helped its customers stay ahead of changing marketplace dynamics by investing heavily in existing product innovation. At the same time, we’ve made a number of acquisitions that have allowed us to extend and expand upon the overall GFRC capabilities we can offer our customers,” said Raffi Festekjian, president and CEO of Wolters Kluwer Financial Services’ Finance, Risk & Compliance business. “By bringing all of this together under OneSumX, we are deepening our commitment to our customers. We’re enabling them to create their own specific GFRC vision and make it a reality.”
OneSumX allows financial organizations to address a single risk or business issue, but in the context of a much larger and holistic way of managing GFRC. An organization’s Finance, Risk and Compliance areas can work together with a common goal of helping maintain profitability and find additional ways to safely grow the business.
The OneSumX solution suite includes:
- OneSumX Finance, Risk and Reporting – Enables complete data transparency for financial risk, regulatory reporting, finance and performance management, taking multiple, disparate data sources into an integrated, centralized data architecture;
- OneSumX Governance, Risk and Compliance – Increases transparency and control across the financial institution with high-level reporting, interactive dashboards and modular components that measure, monitor and manage compliance, operational and enterprise risk;
- OneSumX Financial Crime Control – Introduces next generation identification of fraudulent activity based upon a real-time, cross-channel behavioral review of a customer’s accounts; and
- OneSumX Audit Management – Helps companies manage a wide range of audit-related activities, data and processes in a single, comprehensive framework, and can support all types of audits, including internal audits, operational audits, IT audits, supplier audits and quality audits.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX ®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2013 annual revenues of €3.6 billion ($4.7 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.