Wolters Kluwer’s Finance, Risk & Reporting (FRR) business in North America has won two awards from US Business News magazine. It has been named Best Financial Risk & Compliance Technology Firm, 2018, with the OneSumX suite of solutions also winning Most Innovative RegTech System, 2018.
The accolades, which celebrate excellence and innovation, mark the first occasion that Wolters Kluwer’s FRR business has won an award specifically for the North America region.
The awards were decided by an expert panel of judges, including the editorial team at US Business News. The magazine, published by AI Global Media, has a subscriber base of more than 175,000 business and professional service providers, including CEOs, partners, directors and litigators.
“The volume of new regulatory requirements is driving demand for our superior product capabilities across a wide variety of areas. This ranges from regulatory reporting solutions, both in the U.S. and Canada, and the wide spectrum of risk and finance solutions-to-solutions that specifically address the upcoming Current Expected Credit Loss (CECL) standard,” said Todd Lawrence, General Manager of Wolters Kluwer’s FRR business in North America. “It’s incredibly pleasing to receive independent recognition of the work we have done in the region to offer exceptional products and services that meet exacting client needs. We thank our clients for their valued feedback and look forward to continuing to deliver excellence and innovation to the market.”
Wolters Kluwer’s FRR business is a global market leader in the provision of integrated regulatory compliance and reporting solutions, supporting regulated financial institutions in meeting their obligations to external regulators and their own boards of directors. It receives frequent independent recognition of its excellence and innovation. Chartis Research, for example, named the firm a Category Leader in both its CECL Report and IFRS 9 Technology Solutions Report. In July 2018, meanwhile, Risk magazine awarded the firm its coveted Regulatory Reporting System of The Year Award and Central Banking magazine recently named OneSumX for Regulatory Reporting its Best Technology Solution For Regulatory Compliance. Both awards celebrate success in the field globally.
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, stay competitive and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.