Wolters Kluwer Finance, Risk & Regulatory Reporting shares potential COVID-19 hedge accounting implications in new whitepaper
Jul20

Wolters Kluwer Finance, Risk & Regulatory Reporting shares potential COVID-19 hedge accounting implications in new whitepaper

Financial institutions would be well advised to adopt a flexible approach to their hedge accounting portfolio, especially in light of the COVID-19 pandemic. That’s according to a new white paper from Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business. Hedge accounting is a way to align risk exposure with true economic and financial exposure. Hedge accounting ensures that an income statement reflects steps taken...

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Wolters Kluwer Finance, Risk & Regulatory Reporting launches Professional Services consultancy offering for Americas
Jul15

Wolters Kluwer Finance, Risk & Regulatory Reporting launches Professional Services consultancy offering for Americas

Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business has launched a Professional Services offering for ongoing software management and maintenance, specifically for the Americas market. The consultancy service is designed to help Wolters Kluwer’s clients in the region leverage private cloud environments to more efficiently scale their risk and reporting infrastructures, helping them to ensure optimal system...

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NewB opts for Wolters Kluwer’s OneSumX for Risk Management
Jul07

NewB opts for Wolters Kluwer’s OneSumX for Risk Management

NewB, the Belgian ethical bank, has selected Wolters Kluwer’s OneSumX for Risk Management to manage its Asset and Liability Management (ALM) requirements as well as its liquidity risk. The ALM component of OneSumX for Risk Management is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning.  OneSumX Liquidity Risk Management, meanwhile, introduces a risk management, stress...

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Wolters Kluwer launches eagerly awaited TSoftPlus PPP Forgiveness Module
Jun23

Wolters Kluwer launches eagerly awaited TSoftPlus PPP Forgiveness Module

More innovations at Wolters Kluwer to report on. With the U.S. CARES Act’s Paycheck Protection Program (PPP) now entering the loan forgiveness phase, Wolters Kluwer Compliance Solutions has announced the launch of its eagerly awaited TSoftPlus™ PPP Forgiveness Module to help local lenders and their small business client recipients of PPP funding facilitate both online and in-person loan forgiveness applications. The company says that...

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Wolters Kluwer Lien Solutions hosts webinar on lien portfolio management in a post-COVID world
Jun22

Wolters Kluwer Lien Solutions hosts webinar on lien portfolio management in a post-COVID world

Wolters Kluwer’s Lien Solutions business is hosting an informational webinar, “Managing your Lien Portfolio in a Post-COVID World,” to share insights with lenders on navigating the COVID-19 pandemic given its impacts on lien portfolio practices. This event will focus on how lenders can mitigate risks and find growth in the new environment. It takes place at noon EDT on Wednesday, June 24. The events of the first half of 2020 have...

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Banks encouraged to view Basel IV as catalyst for greater productivity in Wolters Kluwer white paper
Jun15

Banks encouraged to view Basel IV as catalyst for greater productivity in Wolters Kluwer white paper

Banks that take a wait and see approach to Basel IV are likely to face higher financial technology costs and added travails in implementation, as well as  fewer commercial benefits in the years ahead. That’s according to a new white paper from Wolters Kluwer’s Finance, Risk & Reporting (FRR) business that reveals how banks can adopt a path to greater productivity and profitability, becoming a “better bank,” not just a more...

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Wolters Kluwer Finance, Risk & Reporting Continues to Expand Expert Solutions Client Base
Jun12

Wolters Kluwer Finance, Risk & Reporting Continues to Expand Expert Solutions Client Base

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is continuing to attract new clients for its suite of expert solutions, with its Corporate Communications team issuing a record number of client announcements for the first half of a year. Most recently mBank, Poland’s fourth largest banking group based on assets, said it has chosen Wolters Kluwer’s OneSumX for Risk Management as its risk software. The mobile digital bank...

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Wolters Kluwer Lien Solutions Earns Two Stevie Awards; Continues to Innovate in Response to Covid-19
Jun10

Wolters Kluwer Lien Solutions Earns Two Stevie Awards; Continues to Innovate in Response to Covid-19

 Wolters Kluwer’s Lien Solutions business has been named a winner of the prestigious 2020 American Business Awards, winning accolades for two solutions that help lenders more effectively manage their loan portfolios—iLien Manage and Portfolio Sync. “Today’s challenging environment, created by the Covid-19 pandemic, serves as a useful backdrop for understanding the value of product innovation and resulting industry recognitions,” Lien...

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Wolters Kluwer Lending Insights Show Major Impact of TSoftPlus Across US
Jun05

Wolters Kluwer Lending Insights Show Major Impact of TSoftPlus Across US

Wolters Kluwer Compliance Solutions has shared insights showing that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution has helped small businesses retain approximately one million American jobs, representing almost 100 different industries. The figures provide further evidence as to how the Minnesota-based business is continuing to provide industry expertise and technology prowess, leading the way when it comes to...

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Wolters Kluwer’s Compliance Solutions Wins Four Stevie Awards in 2020 American Business Awards®
Jun03

Wolters Kluwer’s Compliance Solutions Wins Four Stevie Awards in 2020 American Business Awards®

Wolters Kluwer Compliance Solutions has been recognized with four wins by the prestigious 2020 American Business Awards, one of eight Stevie® Awards programs that recognize business achievements and product innovation. Compliance Solutions succeeded in winning submissions against a highly competitive field, earning three “Stevie Awards” for product innovation and one for customer service excellence. Winners were determined by entry...

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Wolters Kluwer Updates OneSumX for Regulatory Reporting and Signs ING in China
Jun01

Wolters Kluwer Updates OneSumX for Regulatory Reporting and Signs ING in China

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released an update for  its OneSumX for Regulatory Reporting solution to allow clients to meet the Second-Generation People’s Bank of China Enterprise Credit Reference Submission. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service....

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West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Software to Manage Risk
May21

West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Software to Manage Risk

West African Development Bank (BOAD) has selected Wolters Kluwer’s OneSumX solution for Risk Management with the aim of implementing an integrated approach to risk management and financial planning in order to strengthen its financial governance. BOAD has specifically selected the Asset and Liability Management (ALM), Liquidity Risk, Market Risk, and Credit Risk components of OneSumX for Risk Management, to monitor performance,...

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Wolters Kluwer Demonstrates Industry Leadership With PPP Informational Loan Forgiveness Webinar
May20

Wolters Kluwer Demonstrates Industry Leadership With PPP Informational Loan Forgiveness Webinar

Wolters Kluwer Compliance Solutions has once again demonstrated industry leadership in the wake of the ongoing pandemic, this time by continuing to educate the market about the challenges of the Paycheck Protection Program (PPP). It will hold a webinar later today, dedicated to discussing the upcoming Loan Forgiveness stage of the U.S. Paycheck Protection Program. The event, which takes place today at 2 p.m. EDT, will include...

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Wolters Kluwer To Launch Loan Forgiveness Module for Widely Used PPP TSoftPlus Tech Solution
May19

Wolters Kluwer To Launch Loan Forgiveness Module for Widely Used PPP TSoftPlus Tech Solution

Wolters Kluwer Compliance Solutions is proving itself to be leading the way once more when it comes to helping local lenders of all sizes navigate the complexities of the U.S. Paycheck Protection Program (PPP). The Minnesota-based business is now ready to help local lenders and their small business client recipients of PPP funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module. The...

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Aegean Baltic Bank of Greece selects Wolters Kluwer to provide integrated risk and regulatory reporting solution
May15

Aegean Baltic Bank of Greece selects Wolters Kluwer to provide integrated risk and regulatory reporting solution

Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management as its integrated risk and regulatory reporting software solution, helping the bank to meet its Basel IV and CRD V obligations. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update...

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Wolters Kluwer Compliance Solutions Wins Excellence in Customer Service Accolade
May07

Wolters Kluwer Compliance Solutions Wins Excellence in Customer Service Accolade

 Wolters Kluwer’s Compliance Solutions business has earned a 2020 BIG Award for Excellence in Customer Service from the highly regarded Business Intelligence Group. The company’s SupportLine, which handles a wide range of financial services client inquiries from how to optimize use of Wolters Kluwer technology solutions to navigating  complex regulatory compliance processes, was named a winner in the Transformation of the Year...

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Wolters Kluwer and UK Finance to explore Basel IV Impacts
Apr30

Wolters Kluwer and UK Finance to explore Basel IV Impacts

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is holding a webinar with UK Finance on May 6th, dedicated to exploring the implications of Basel IV. At the end of March it was announced that Basel III finalisation (a.k.a Basel IV), originally due to come into force in January 2022, will be delayed by a year, giving a new implementation date of January 1st, 2023. “Whilst The Bank for International Settlements proposed a...

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Wolters Kluwer Recommences Processing US PPP Loan Applications Through Financial Technology Solution
Apr27

Wolters Kluwer Recommences Processing US PPP Loan Applications Through Financial Technology Solution

 Wolters Kluwer Compliance Solutions has announced that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, designed to help banks, credit unions, and other local lenders support small businesses with payroll funding during the COVID-19 crisis, has recommenced processing PPP loan applications under the replenished program funding, signed by President Trump on April 24. There is continued strong interest in the...

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Wolters Kluwer’s Paycheck Protection Program Tech Solution Helps Save 500,000 Jobs
Apr24

Wolters Kluwer’s Paycheck Protection Program Tech Solution Helps Save 500,000 Jobs

Wolters Kluwer Compliance Solutions has today announced that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, designed to help banks, credit unions, and other lenders support small businesses with payroll funding during the COVID-19 crisis, has so far assisted in PPP loan approvals supporting approximately 500,000 jobs across the U.S. The company says it will continue to provide its industry-recognized client...

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Wolters Kluwer and IBM to Co-Host Regulatory Change Management Webinar
Apr23

Wolters Kluwer and IBM to Co-Host Regulatory Change Management Webinar

Experts from Wolters Kluwer’s Compliance Solutions business and IBM Watson Financial Services will discuss ways in which financial institutions are leveraging technology to manage more effectively their regulatory complianceobligations in a webinar, “Regulatory Change Management: The Benefits of Automation” on Wednesday, April 29, 2020 from 10-11 a.m. EDT. Wolters Kluwer’s Mike MacDonagh, Global Content and Strategy Lead, Compliance...

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Wolters Kluwer Adds Stress Testing Webinar to Impressive Industry Leadership Around COVID-19
Apr21

Wolters Kluwer Adds Stress Testing Webinar to Impressive Industry Leadership Around COVID-19

Wolters Kluwer has added to its growing list of resources designed to aid those in the financial markets as they navigate complexities relating to the COVID-19 pandemic. Its Finance, Risk & Reporting (FRR) business will be holding a webinar this Thursday, in collaboration with Regulation Asia, designed to spark debate around stress testing impacts of the coronavirus crisis. Topics up for discussion in the event include Credit,...

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Wolters Kluwer Adds Functionality to its Paycheck Protection Program Technology Solution
Apr14

Wolters Kluwer Adds Functionality to its Paycheck Protection Program Technology Solution

 Wolters Kluwer Compliance Solutions has added a major new feature to its recently launched Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, which is designed to help banks, credit unions and other lenders support small businesses across The U.S. with payroll funding during the COVID-19 crisis. The new feature – dubbed the Loan Application Importer – allows lenders to quickly and efficiently import their loan...

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Bendigo and Adelaide Bank Goes Live with Wolters Kluwer’s OneSumX for Regulatory Reporting
Jan07

Bendigo and Adelaide Bank Goes Live with Wolters Kluwer’s OneSumX for Regulatory Reporting

Bendigo and Adelaide Bank has completed its implementation of Phase 1 of Modernized Economic and Financial Statistical Reporting (EFS) using Wolters Kluwer’s OneSumX for Regulatory Reporting. EFS is an ambitious regulatory change program, managed by the Australian Prudential Regulation Authority (APRA). OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s...

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Wolters Kluwer’s ELM Solutions Adds Spend Management Capabilities to Passport Office Companion
Jan31

Wolters Kluwer’s ELM Solutions Adds Spend Management Capabilities to Passport Office Companion

Wolters Kluwer’s ELM Solutions announced it has added comprehensive spend management capabilities to its award-winning Passport Office Companion solution. ELM Solutions introduced Office Companion with matter management to legal and insurance claims professionals in 2017 to help enhance their user experience. Its unique modular architecture and state of the art web technologies allow Passport’s spend and matter management capabilities...

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Wolters Kluwer’s Finance, Risk & Reporting Experts Predict Increased Focus on Data Management for 2018
Dec21

Wolters Kluwer’s Finance, Risk & Reporting Experts Predict Increased Focus on Data Management for 2018

Data quality, consistency, reconciliation and lineage is now top of mind for both regulators and the financial services firms they oversee. That’s according to subject matter experts at Wolters Kluwer’s Finance, Risk & Reporting business who are predicting an increased focus on data structure and management for 2018. Whereas regulatory requirements were previously centered on firms submitting static reports at a specific time, in...

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