Wolters Kluwer is holding its annual Client Conference for Financial Services in Londontoday and tomorrow, bringing together the firm’s valued clients globally to discuss finance, risk and regulatory reporting trends and challenges. The conference also allows clients to influence and drive Wolters Kluwer’s product strategy for its integrated regulatory compliance and reporting solution suite.
Rajat Somany, Vice President of Strategy, Product & Platform Management for Wolters Kluwer’s Finance, Risk & Reporting business will deliver a keynote presentation, “Moving to the next regulatory level for deeper insight.”
Attendees will also have the opportunity to hear from Giancarlo Pellizzari, Head of the Banking Supervision Data Division at The European Central Bank, as well as directly from clients. Senior representatives from banks including, Mizuho, SMBC, Delta Lloyd Bank, Sberbank and BNP Paribas, will provide fresh perspectives on experiences and business benefits gained from utilizing Wolters Kluwer’s OneSumX Finance, Risk & Reporting solutions. There will also be interactive sessions around the roadmap and product development across Finance, Risk & Reporting, as well as one-on-one meetings with product team and subject matter experts from Wolters Kluwer.
“Regulatory requirements have been centered on firms submitting static reports at a specific time, in the correct format for years,” Somany says. “In this presentation we will discuss how regulators are increasingly expecting to obtain meaningful data assurance versus receiving static reports via regulation such as BCBS 239, Smart Cubes, IFRS 9, AnaCredit, CECL and MAS 610 to mention a few. We will also discuss this additional insight so that it can be utilized by senior management teams to enhance internal decision making.”
Guest speakers include Mark Stevenson, one of the world’s most respected writers on technology and societal trends and the author of the best-selling book “An Optimist’s Tour of the Future.” Closing the conference is Sir David Spiegelhalter OBE, Winton Professor for the Public Understanding of Risk, and Professor of Biostatistics, at the University of Cambridge.
In a separate announcement today, the firm also revealed that it is the winner of Wealth & Finance International’s Integrated Regulatory Compliance & Reporting Platform of The Year Award, 2017. The publication has awarded the firm’s OneSumX finance, risk and reporting solutions the global accolade as part of its inaugural FinTech Award Series, based on evidence of market share, excellence and innovation.
OneSumX is used by financial services firms to manage a broad array of regulatory reporting, finance and risk obligations globally. Global and local regulators are demanding ever-greater integration across business processes, more invasive and broader scope in management and reporting, and faster reaction to change of regulations. Wolters Kluwer’s OneSumX offers integrated regulatory compliance and reporting solutions for managing these ever more complex finance, risk and regulatory reporting obligations.
In the past few months leading banks across the world have implemented the OneSumX solution for Regulatory Reporting, Risk and Finance. Major financial services firms that have recently announced their use of Wolters Kluwer’s finance, risk and reporting solutions include Nordea, BBVA, CIBC, Australia’s Queensland Treasury Corporation and The Swedish Export Credit Corporation.
Chartis Research recently named Wolters Kluwer a Category Leader for IFRS 9 solutions, for the second year running, as well as a Category Leader in its Markets in Financial Instruments Directive II (MiFID II) Report. At the end of last year Chartis Research named Wolters Kluwer #1 for Regulatory Reporting in its RiskTech100® report. Notably, this is the sixth year running that Wolters Kluwer has achieved this honor, with 2016 also seeing the company win a plethora of other accolades for its dominant position in regulatory reporting (from the likes of FinTech Finance and Data Management Review and Corporate Vision magazine). Wolters Kluwer’s OneSumX was also named Best Risk Management System by Banking Technology magazine at the end of 2016.
“This award is further independent global recognition of our leading position when it comes to providing integrated finance, risk and regulatory reporting solutions,” commented Clive Pedder, Executive Vice President and General Manager for Wolters Kluwer’s Finance, Risk & Reporting business. “Wolters Kluwer continues to place a strong emphasis on product development and evolution and such awards provide independent verification that this strategy is welcomed by our clients.”