Technology

Wolters Kluwer FRR Triumphs in HKMA and Waters Expertise Awards for Excellence and Innovation

SINGAPORE–(BUSINESS WIRE)–Wolters Kluwer Finance, Threat & Regulatory Reporting (FRR) has gained three main awards for its RegTech, threat administration and regulatory reporting options within the Asia Pacific (APAC) area. Waters Expertise has named the corporate’s OneSumX for FRR the Finest Center Workplace Platform in its 2021 Asia Awards and the Hong Kong Financial Authority (HKMA) has awarded the corporate two accolades in its World RegTech Problem. The extremely aggressive award sequence are each free to enter trade competitions, with each professional panels judging winners based mostly on proof of excellence and innovation.

Waters Expertise is a 37-year-old monetary know-how trade journal, printed by Infopro Digital, homeowners of Threat.internet and Chartis Analysis. Its Finest Center Workplace Platform award displays the robust market uptake of OneSumX for FRR which is Wolters Kluwer’s best-in-class built-in regulatory compliance and reporting resolution suite that establishes a single supply of information for finance, threat and regulatory reporting that’s enriched with value-added content material from in-house consultants.

HKMA, in the meantime, acquired greater than 85 submissions from 15 jurisdictions in its World RegTech Problem with Wolters Kluwer FRR successful two of the 4 titles on provide within the award program. The competitors was designed by the regulator “to boost the Hong Kong banking trade’s consciousness of the potential of RegTech adoption.” Wolters Kluwer FRR gained the Governance, Threat and Compliance (GRC) class, “demonstrating to the judging panel how its present know-how can be utilized to optimize regulatory compliance of all inside and exterior obligations”. The corporate additionally gained the Threat Administration class, evidencing “how its multi-award successful threat know-how can be utilized to reinforce the supply of stress testing necessities pushed by wants throughout completely different threat, compliance and enterprise unit groups.”

Rainer Fuchsluger, Managing Director of Wolters Kluwer FRR APAC, commented: “These extremely prestigious awards replicate the robust market adoption of our trade main OneSumX for FRR suite of options. We proceed to innovate throughout the total RegTech ecosystem, offering our all vital purchasers with entry to a really built-in strategy to finance, threat and regulatory reporting. I want to thank all who contributed to the options and pitched for these awards, and certainly to our on a regular basis success in serving to guarantee our banking purchasers proceed to fulfill their regulatory compliance obligations. I’d additionally wish to thank the workforce at HKMA for recognizing our dedication to innovation, in addition to the editorial workforce at Waters Expertise for independently acknowledging the center workplace capabilities of OneSumX for FRR.”

Wolters Kluwer FRR, which is a part of Wolters Kluwer’s GRC division, is a world market chief within the provision of built-in regulatory compliance and reporting options. It helps regulated monetary establishments in assembly their obligations to exterior regulators and their very own board of administrators.

About Wolters Kluwer Governance, Threat & Compliance

Governance, Threat & Compliance (GRC) is a division of Wolters Kluwer, which supplies authorized and banking professionals with options to make sure compliance with ever-changing regulatory and authorized obligations, handle threat, improve effectivity, and produce higher enterprise outcomes. GRC gives a portfolio of technology-enabled professional companies and options targeted on authorized entity compliance, authorized operations administration, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a world chief in info companies and options for professionals within the well being, tax and accounting, threat and compliance, finance and authorized sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The corporate, headquartered in Alphen aan den Rijn, the Netherlands, serves clients in over 180 nations, maintains operations in over 40 nations and employs 19,200 individuals worldwide.

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