Excellence in regulatory change management and digital lending capabilities cited as notable Wolters Kluwer differentiators
The Financial & Corporate Compliance (FCC) division of Wolters Kluwer has been recognized by ABF Journal for excellence in innovation in the magazine’s just-announced “2023 Most Innovative Companies” program.
Wolters Kluwer was singled out by program judges for a number of noteworthy innovations it has introduced to help navigate the sizeable breadth and scope of regulatory changes lenders face and, in addition, to further automate their customers’ transactions via an array of industry-leading digital lending offerings.
“Wolters Kluwer has been at the forefront of pioneering technologies in the digital lending arena that are changing the ways in which secured lending is transacted today, whether in mortgage lending, auto lending, equipment leasing or other kinds of commercial finance,” according to ABF Journal judges.
Wolters Kluwer Compliance Solutions, which sits within the FCC division, has continued to refine functionality used in its OneSumX® for Regulatory Change Management offering and has more than doubled its regulatory coverage in the past two years to more than 1,500 global regulatory agencies. This expanded scope helps banks and other financial services firms better identify significant regulatory changes relevant to specific lines of business, helping them better manage their compliance obligations.
The incorporation of several recent, major acquisitions into the Compliance Solutions portfolio, including the digital lending industry leader eOriginal, as well as IDS, has fostered further innovation that is helping lenders on their digital transformation journeys, notes Wolters Kluwer leaders. This effort includes the development and launch of OmniVault for Real Estate Finance, an eVault technology that enables clients to manage digital home equity lines of credit (HELOCs) and eMortgages, among other types of loans.
“I’m proud of the work that our talented team of professionals has achieved to help enhance our customers’ capabilities,” said Steven Meirink, CEO, Financial & Corporate Compliance, Wolters Kluwer. “Our team is constantly connecting with customers and partners to learn their pain points and needs to then help develop a workable approach, enabling them to better serve their end customers. We are pleased to be recognized by ABF Journal for these efforts, as this type of innovation requires deep domain knowledge, technical expertise and focus on our customers to drive success.”
