Wolters Kluwer Financial Services Named Top Regulatory Reporting Solutions Provider by Readers of Operational Risk and Regulation Magazine
MINNEAPOLIS – 16th August 2012: Wolters Kluwer Financial Services, a leading worldwide provider of risk management, compliance, finance and audit solutions for the financial services industry, announced today that it has been voted “Best Regulatory Reporting Provider” by readers of Operational Risk & Regulation magazine in its annual compliance software rankings survey.
Wolters Kluwer Financial Services’ solutions help financial organizations meet regulatory reporting requirements and manage their risk. Fully automated reports can be provided for banks, insurance companies, funds and other financial institutions in 50 countries across the world. The company provides efficient and consistent reporting for any of these jurisdictions, and has developed solutions to enable financial institutions to implement automated systems that seamlessly integrate with existing infrastructure.
“Financial institutions need to submit their risk and regulatory reports according to the criteria outlined by local and global regulators; otherwise they face the possibility of being exposed to reputational and financial risk, increased exposure to regulatory action and potential fines, losses and bankruptcy,” said Richard Pike, senior risk and compliance market manager at Wolters Kluwer Financial Services. “Our leading regulatory reporting solutions help our customers to automate, standardize and simplify this process – a fact which this customer-based ranking clearly illustrates.”
As well as regulatory reporting, Wolters Kluwer Financial Services provides operational risk management solutions which enable customers to create alerts and notifications from a wide variety of workflow tasks, indicators and risk and control conditions, as well as for recurring events. These can be delivered through the solution using dynamic user-defined and customized workspaces and dashboards with email alerts, which enables key stakeholders to achieve the visibility, accountability and documentation needed to develop high quality reports.
About Wolters Kluwer Financial Services
Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer Financial Services for a comprehensive and dynamic view of risk management and compliance. Wolters Kluwer Financial Services provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise. With more than 30 offices in 20 countries, the company’s prominent brands include: FRSGlobal, FinArch, ARC Logics for Financial Services, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2011) €3.4 billion ($4.7 billion) and approximately 19,000 employees worldwide.