Latest news with #OneSumXforRegulatoryReporting
Business Wire
24-06-2025
- Business
- Business Wire
Wolters Kluwer Strengthens Compliance and Regulatory Reporting Agility for Triodos Bank UK
LONDON--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance has successfully implemented its OneSumX for Regulatory Reporting solution at Triodos Bank UK, a leader in sustainable finance. The go-live strengthens the bank's regulatory reporting capabilities and underscores its commitment to operational excellence and regulatory compliance in a fast-evolving regulatory environment. 'This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness,' said Dean Sonderegger, Wolters Kluwer FRR. 'Triodos Bank's focus on responsible finance aligns with our mission to help institutions lead with confidence,' said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). 'This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness.' The Software-as-a-Service (SaaS) deployment covers liquidity reporting, COREP, FINREP, and UK-specific PRA 110 requirements. According to program participants, the project highlights a strong partnership between Wolters Kluwer and Triodos Bank, enabled by a shared focus on data quality, transparency, and execution. 'We selected Wolters Kluwer because of their global presence and strong product offering,' said Sarah Morse, CFO, Triodos Bank UK. 'With OneSumX, we've strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements.' In response to post-Brexit regulatory shifts in the U.K., Triodos Bank, drawing on more than 30 years of experience in ethical banking, says it sought a future-ready platform to strengthen data control and long-term adaptability. The decision to select Wolters Kluwer was made in light of its well-established product with strong functionality to strengthen its compliance posture A collaborative approach was central to the project's success. Triodos Bank's internal data experts worked closely with Wolters Kluwer's professional services team to streamline data ingestion and enhance reporting control. The system's transparency and drill-down features enabled greater ownership of the reporting process, improving accuracy and issue resolution speed. The Regulatory Update Service, a core feature of OneSumX, keeps the system aligned with ongoing regulatory changes. The solution's advanced data architecture also supports exposure analysis and scenario testing, capabilities that align with Triodos Bank's values-driven approach to risk. Founded in 1980, Triodos Bank is a pioneer in sustainable banking. It finances enterprises that generate positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, with global reach through Triodos Investment Management. 'This was a textbook example of successful partnership,' added Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR. 'Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today's regulatory environment.' Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram.
Business Wire
01-05-2025
- Business
- Business Wire
Wolters Kluwer wins two A-Team Innovation Awards for excellence in integrated regulatory risk and data transformation
LONDON--(BUSINESS WIRE)-- Wolters Kluwer Financial & Corporate Compliance has been recognized with two prestigious 2025 A-Team Innovation Awards for excellence in integrated regulatory risk, and financial data management. The awards celebrate innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver high-value solutions for financial institutions. "The A-team Innovation Awards underscore our commitment to delivering exceptional solutions and an unparalleled customer experience," says Jeroen Van Doorsselaere, Vice President, Wolters Kluwer Finance, Risk & Regulatory Reporting. "The A-team Innovation Awards underscore our commitment to delivering exceptional solutions and an unparalleled customer experience. Our solutions adeptly combine financial, risk, and regulatory metrics with modular and flexible configuration capabilities, ensuring responsiveness to an evolving landscape," said Jeroen Van Doorsselaere, Vice President, Global Product & Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "Financial institutions recognize the immense value of our implementation approach and integrated solutions, along with our comprehensive understanding of industry nuances and proven track record of success." The implementation of Wolters Kluwer's integrated regulatory and risk solutions at Indexo Bank was recognized by A-Team as the Most Innovative Project. Combining OneSumX for Regulatory Reporting and OneSumX for Risk in a fully integrated, SaaS-based setup, the implementation delivers end-to-end compliance with FINREP, COREP, Basel III, and IRRBB. Built for scalability, efficiency, and future growth, the solution supports Indexo Bank's goal to become a financial services group that empowers the people of Latvia to achieve prosperity, providing a solid regulatory and risk foundation to match its expanding business. Wolters Kluwer was also recognized as the Most Innovative Data Transformation Project for the OneSumX for Finance implementation at a major European bank, which successfully transformed its fragmented finance and risk systems into a unified general ledger and centralized accounting and data hub. OneSumX for Finance established a single source of truth, by integrating financial, contract, counterparty, and reference data, ensuring consistency, and reducing the need for downstream reconciliation while simplifying reporting. It enabled real-time monitoring, daily reconciliation, and improved regulatory compliance while streamlining the system landscape to lower costs and operational complexity. Finance, Risk, and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with everchanging regulatory requirements, manage uncertainty through finance and risk management offerings, and drive efficiency. For more information, please visit: OneSumX Finance, Risk, and Regulatory Reporting. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
