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Bank of Tokyo-Mitsubishi UFJ Holland Selects Wolters Kluwer Financial Services OneSumX solution for Liquidity Risk and Credit Risk

Netherlands subsidiary expands relationship with Wolters Kluwer Financial Services

Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland) has signed with  Wolters Kluwer Financial Services to use its OneSumX solution. The Netherlands subsidiary of the leading Japanese bank will now use OneSumX to manage both its liquidity risk as well as its credit risk.

BTMU Holland is a long standing client of Wolters Kluwer Financial Services, using its regulatory reporting services. “The decision to use the company for its leading risk management solution came about following in depth conversations about our wider requirements, beyond regulatory reporting. The OneSumX implementation for liquidity and credit risk will create clear operational efficiencies for the bank and our investment here demonstrates the importance we place on mitigating risk for our clients and shareholders,” commented Rob van der Kroon, head of the Risk Management Division at BTMU Holland.

OneSumX provides a complementary and comprehensive ecosystem of governance, finance, risk and compliance solutions. BTMU Holland has specifically signed up to use the OneSumX Liquidity Risk Management solution which combines a risk management/stress engine and regulatory reporting platform, enabling firms to monitor, manage and report liquidity risk. BTMU Holland will also use the OneSumX Credit Risk solution, providing single name and portfolio credit risk analysis. It achieves this by means of three components: current and future exposures, expected and unexpected credit loss based on stress and credit value-at-risk analysis, and credit value adjustments

“Regulators are applying greater focus on the liquidity risk within firms and our OneSumX solution allows firms such as BTMU Holland to assess and monitor this risk effectively,” said Kris Van Bavel, vice president of Sales, EMEA, for Wolters Kluwer Financial Services. “Our Credit Risk solution, meanwhile, will also allow the bank to mitigate credit risk through a robust framework. Wolters Kluwer Financial Services continues to develop its client solutions and I am delighted that BTMU Holland has expanded its relationship with us.”

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides 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 2014 annual revenues of €3.7 billion ($4.9 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.

About Bank of Tokyo Mitsubishi UFJ (Holland) NV

Bank of Tokyo‐Mitsubishi UFJ (Holland) NV is a fully‐owned subsidiary of The Bank of Tokyo‐Mitsubishi UFJ, Ltd. (BTMU Ltd.), one of the world’s largest banks in terms of assets with more than a century of experience in both Japan and in the international financial markets. For the past 40 years the Bank has offered commercial banking services to both Japanese and non‐Japanese corporate customers in the Netherlands and, through its branches and subsidiaries, in Central and Eastern Europe. BTMU Ltd. is the premier commercial banking arm of Mitsubishi UFJ Financial Group, Inc., one of the world’s largest and most diversified financial groups, offering a wide range of financial services, including commercial banking, trust banking, securities services, project finance, consumer finance and asset management. BTMU Ltd. has the largest overseas network of any Japanese bank, comprising offices and subsidiaries in more than 40 countries.