WOLTERS KLUWER'S ONESUMX HONOURED FOR EXCELLENCE IN FINANCIAL COMPLIANCE

KUALA LUMPUR, March 6 (Bernama) -- Wolters Kluwer announced its Finance, Risk & Regulatory Reporting (FRR) has been recognised by RegTech Insight, with OneSumX winning the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.

According to Wolters Kluwer in a statement, OneSumX IFRS 9, part of FRR’s OneSumX product, supports clients with the implementation of the full International Financial Reporting Standard 9 (IFRS 9).

The solution provides a solid framework to capture and store all information at the contract level, in addition to helping manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.

“Our OneSumX IFRS 9 solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting tools.

“We are proud to be recognised for innovation and product excellence and a leader in regulatory compliance solutions,” said Wolters Kluwer FRR Vice President, Product and Platform Management, Jeroen Van Doorsselaere.

The awards programme recognises those “RegTech solutions that have successfully improved firms’ ability to respond to evolving and ever more complex regulatory requirements across the global financial services industry”.

The RegTech Insight Awards Advisory Board, which includes senior executives from Credit Suisse, DBS Bank, HSBC, OCBC Bank and Standard Chartered, reviews nominations in collaboration with the publication’s editors.

Wolters Kluwer also won the RegTech Insight honour in 2022, with other recent accolades for OneSumX for FRR include securing Category Leader positions in all four categories of the Asset Liability Management (ALM) Market Update and Vendor Landscape report, published by Chartis Research.

FRR’s OneSumX is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, headed by Chief Executive Officer Karen Abramson.

Wolters Kluwer CP & ESG is the world’s leading provider of integrated software solutions for employee health and safety; environmental, social, and governance as well as governance, risk and compliance.

-- BERNAMA