A decision-making framework for banking leaders navigating continuous modernization.
For today’s banks, RiskTech and RegTech modernization is no longer a project with a finish line. Regulatory change, operational resilience mandates, AI disruption, cost pressures, and IT talent shortages make modernization a continuous strategic imperative. The real question isn’t whether to modernize; it’s how.
This new whitepaper from Wolters Kluwer FRR experts Praveen Kumar and Chris Lewis explores the evolving modernization landscape and provides banking leaders with a practical framework for deciding whether to build, buy, or build-on-buy.
Who should read this whitepaper?
This resource is designed for:
- CROs and CCOs: concerned with compliance, operational resilience, and regulatory scrutiny
- CFOs: seeking to control costs and ensure sustainable margins
- CIOs and CTOs: evaluating architectural strategies, vendor partnerships, and AI adoption
- Risk, Finance, and Compliance teams: responsible for implementing and maintaining modernized systems
Why it matters?
- Compliance is constant: Regulations like IReF, Basel IV, DORA, and ESG reporting demand adaptable solutions
- Margins are under pressure: Technology must deliver efficiency and scalability
- AI disruption is here: Leaders must harness GenAI responsibly while managing new risks
- Talent is scarce: Vendor partnerships can ease reliance on limited internal resources
- Resilience is regulatory: IT resilience is now a board-level, reputational concern
What you’ll learn in this whitepaper
- The five key drivers behind continuous RiskTech and RegTech modernization
- The advantages and trade-offs of building in-house, buying vendor solutions, or adopting a hybrid build-on-buy approach
- A five-step decision framework to evaluate strategy, compliance readiness, technology capacity, cost, and resilience
- Real-world examples and results on how Wolters Kluwer’s OneSumX helps banks align modernization with business strategy while maintaining regulatory confidence
Download the whitepaper: Modernizing Risk and RegTech for Banks
