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.