OneSumX ALM solution recognized in the 2024 Global BankTech awards
New York – September 19, 2024 – Wolters Kluwer, a global leader in information, software, and services for professionals, today announced that OneSumX for Asset Liability Management (ALM), a solution offered by its business, has been recognized by The Global BankTech Awards 2024 as the Best ALM Solution by a Vendor.
The Global BankTech Awards, organized by The Digital Banker, honor and celebrate the world’s preeminent and ground-breaking technology companies and their contribution to technology-based enhancements, initiatives and innovations within the financial services industry.
OneSumX is a comprehensive solution for ALM, risk management, and regulatory reporting. In addition to providing full coverage of internal ALM metrics, the solution makes it possible to produce regulatory reports such as IRRBB with minimal effort. Its powerful calculation and simulation engine offers ‘what-if’ simulations, accounting treatment, hedge accounting, and consistent reflection of credit risk and market risk in all ALM reports.
Jeroen Van Doorsselaere, Vice President, Product and Platform Management, Wolters Kluwer FRR said: “We are honored to receive this recognition from The Global BankTech Awards. It validates the best-in-class features and functionalities of our OneSumX ALM solution. While ALM has traditionally focused on interest rate risk and liquidity risk, today’s environment demands technology solutions that empower finance and risk teams to take a holistic approach – integrating liquidity, credit risk, funds transfer pricing, and capital management. With increasing regulatory scrutiny, OneSumX for ALM enables banks to align regulatory metrics with internal measures, using consistent data and modeling assumptions.”
The judges highlighted that OneSumX ALM from Wolters Kluwer is an exceptionally robust solution, offering a comprehensive platform for banks' integrated balance sheet management needs. They commended its ability to accurately project cash flows at the contract level, across various scenarios; and its ability to generate detailed liquidity and interest rate profiles for in-depth analysis.
OneSumX ALM was also named the category leader in all four quadrants of the ALM Technology Systems 2023 report by Chartis, a leading global research and analysis provider in the risk technology market, reaffirming the depth and breadth of the OneSumX solution.
Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division. The division is the world’s leading provider of integrated software solutions for EHS, Environmental, Social, and Governance (ESG), Corporate Performance Management (CPM) and Governance, Risk and Compliance (GRC). Through innovative technology and unique expertise, Wolters Kluwer CP & ESG enables business leaders to make informed, strategic decisions driving transformation, performance and risk management for a sustainable and resilient world.
