Wolters Kluwer Wins Third Consecutive FTF News Innovation Award for Excellence in Operational Risk Management
The OneSumX® for Operational Risk solution continues to lead this area for financial service providers
MINNEAPOLIS–(BUSINESS WIRE)–#WoltersKluwer—Wolters Kluwer Compliance Solutions won a 2022 FTF News Technology Innovation Award for its OneSumX® for Operational Risk solution, marking the third year in a row that this technology has won top honors for excellence in product innovation.
The FTF News Innovation Awards are a highly regarded, highly competitive, merit-based international awards program. Wolters Kluwer’s winning submission centered on adding several key upgrades, including improved functionality that speeds up bulk data uploads, expanded use cases and workflows that help track loss events, and other improvements in reporting and data extraction capabilities. These updates have provided better user experience and overall product performance while ensuring compliance with the latest technologies and industry security standards.
“For more than two decades, OneSumX for Operational Risk has been essential in helping our financial services customers automate and simplify the work of collecting, storing, analyzing, tracking and reporting information vital to maintaining their operational risk frameworks,” said Steven Meirink, executive vice president and general manager of Wolters Kluwer Compliance Solutions. “Winning a prize once is an achievement; Winning three consecutive years is testament to the consistent excellence and innovation demonstrated by this offering.
As a purpose-built risk and compliance platform, OneSumX for Operational Risk enables banks, insurers, and other financial services organizations to automate labor-intensive review and assessment processes work, aggregate risks, produce high-quality corporate reports and data extracts, and ensure the consistent delivery and timeliness of an organization’s policies and procedures.
FTF News was founded in 2006 by an experienced team of editors and reporters from Dow Jones, Commercial Technology Week, Water technology and other leading financial information services. Its US-based team is highly respected and its annual awards are considered among the most prestigious accolades celebrating excellence and innovation in fintech.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services for US banks, credit unions, insurers and securities firms. The company, part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions effectively manage risk and regulatory compliance obligations, and gain the insights needed to focus on better service to their customers and the growth of their business.
Wolters Kluwer’s GRC division provides a range of expert solutions to help financial institutions manage regulatory obligations and risk. The eOriginal® suite of purpose-built digital lending solutions from Wolters Kluwer Compliance Solutions, for example, helps lenders digitize their transactions and offers e-signatures, collateral authentication and an e-vault. OneSumX® for Regulatory Change Management from Compliance Solutions tracks regulatory changes and organizes them to create value-added structured content through a single data feed combined with an easy-to-use software solution. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in providing integrated regulatory compliance and reporting solutions. The division’s legal solutions businesses are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.
About Wolters Kluwer Governance, Risk and Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with evolving regulatory and legal obligations, manage risk, increase efficiency and deliver better results commercial. GRC offers a portfolio of expert technology services and solutions focused on Legal Entity Compliance, Legal Operations Management, Banking Product Compliance and Banking Regulatory Compliance.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions and services for healthcare; taxation and accounting; governance, risk and compliance; and the legal and regulatory sectors. We help our customers make critical decisions every day by delivering expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer achieved annual sales of €4.8 billion in 2021. The group serves customers in over 180 countries, maintains operations in over 40 countries and employs around 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer GRC Media Contacts
(including Wolters Kluwer Compliance Solutions; Wolters Kluwer Finance, Risk & Regulatory Reporting; Wolters Kluwer ELM Solutions and Wolters Kluwer CT Corporation)
Senior Director, Global Corporate Communications: Global Marketing, Communications and Planning
Governance, Risk and Compliance Division
Office +44 20 3197 6586
Head of Corporate Communications, Banking and Regulatory Compliance
Governance, Risk and Compliance Division
Tel: +1 612-852-7966