Wolters Kluwer Triumphs as Leader in Regulatory Reporting Tech
Wolters Kluwer Recognized as a Leader in Regulatory Reporting Solutions
Wolters Kluwer recently celebrated a significant milestone in its journey as a provider of pivotal financial solutions. The company has been acknowledged as a category leader by Chartis in the esteemed RiskTech Regulatory Reporting Solutions 2024 Quadrant.
The Role of Chartis in Financial Technology
Chartis is renowned for its extensive independent research and analysis that serves banks, technology vendors, investment managers, and insurers. Their mission revolves around providing insights on risk, compliance, and financial technology trends, equipping institutions to navigate the complex financial landscape efficiently.
Commitment to Innovation
Jeroen Van Doorsselaere, Vice President of Global Product & Platform Management at Wolters Kluwer FRR, stated, "Wolters Kluwer FRR remains at the forefront of innovation, supporting financial institutions across more than 50 jurisdictions and over 800 regulators. We continuously invest in enhancing our technology with a focus on simplifying architecture and integrating advanced cloud-based solutions along with artificial intelligence that aim to elevate customer experiences." This statement underscores their commitment to quality, efficiency, and customer-centric service delivery.
OneSumX for Regulatory Reporting
The heart of Wolters Kluwer's regulatory compliance framework is OneSumX, a scalable, cloud-native SaaS solution. OneSumX simplifies and automates the process of regulatory reporting for financial institutions. It adeptly covers prudential, statistical, and transactional reporting, thereby ensuring consistency and accuracy across diverse jurisdictions. With this solution, clients experience a reduction in manual efforts and errors, which allows them to swiftly respond to evolving regulatory demands.
Recognition Beyond Regulatory Reporting
In addition to being named a category leader in regulatory reporting, Wolters Kluwer has also been distinguished in other areas including being recognized in the Chartis RiskTech Credit Risk Management Solutions 2024 Quadrant. They even secured a top-five position in the inaugural Chartis RiskTech AI 50 2024 report. Such accolades exemplify their paramount position in the fintech landscape.
Corporate Performance and ESG Commitment
Wolters Kluwer FRR is a vital part of the company's Corporate Performance & ESG division. This division stands as a leading provider of integrated software solutions that cater to Environmental, Social, and Governance (ESG) criteria, Corporate Performance, and Governance, Risk and Compliance (GRC). Through innovative technology and expert knowledge, Wolters Kluwer aims to empower business leaders with actionable insights that drive transformation and enhance risk management, paving the way for a sustainable future.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global pioneer in the realm of information, software solutions, and services tailored for numerous professional fields, encompassing healthcare, tax and accounting, financial compliance, legal services, and corporate governance. The organization plays a crucial role in assisting clients to navigate critical decisions by delivering solutions enriched with deep domain knowledge, integrated technology, and personalized services.
Global Reach and Operations
Reporting impressive annual revenues of €5.6 billion, Wolters Kluwer’s operations extend across 180 countries, employing approximately 21,400 dedicated personnel worldwide. The company's headquarters are strategically located in Alphen aan den Rijn, the Netherlands. This expansive reach showcases their global footprint and commitment to delivering exceptional value to their diverse client base.
Frequently Asked Questions
What recognition has Wolters Kluwer recently received?
Wolters Kluwer has been named a Category Leader in the RiskTech Regulatory Reporting Solutions 2024 Quadrant by Chartis.
How does Wolters Kluwer support financial institutions?
The company supports financial institutions through innovative solutions like OneSumX for Regulatory Reporting, facilitating ease in compliance.
What is the importance of OneSumX?
OneSumX is crucial as it streamlines and automates the regulatory reporting processes, enhancing accuracy and compliance across various jurisdictions.
In what other categories has Wolters Kluwer been recognized?
Additionally, Wolters Kluwer has been recognized as a leader in Credit Risk Management and ranked in the top five for AI solutions in the RiskTech AI 50.
What is Wolters Kluwer's annual revenue?
The company reported substantial annual revenues of €5.6 billion, demonstrating its strong market presence.
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