implementation services and support. OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure ‘consistency, reconciliation and accuracy’. Wolters Kluwer says the solution enables firms to address statutory, prudential, transactional and statistical requirements on a local and global scale. First Century Bank of Tazewell, Tenn. implemented its ComplianceOne® mortgage solution in September 2015, to enhance the bank’s mortgage lending workflow while mitigating its compliance risk. ComplianceOne is a highly configurable solution that provides financial organizations access to a wide range of lending and deposit-related features to select and activate when needed, providing content that can be used as a stand-alone offering or with existing lending systems. Wolters Kluwer Financial Services announced in October, 2015 that Italy’s Banca Monte dei Paschi di Siena (BMPS) has signed up for its OneSumX Regulatory Reporting solution. The world’s oldest bank will now use the tool for multi-country regulatory reporting in its U.K., Hong Kong and Shanghai branches. Earlier this year the bank also implemented the solution for its Belgian operations. Tennessee-based Eastman Credit Union (ECU) successfully implemented the company’s OneSumX® Asset
Liability
Management solution in October, 2015. According to ECU officials, the ALM solution has provided it with a sound foundation for efficient, effective and confident ALM analysis. The ALM solution is part of the OneSumX solution suite, a complementary and comprehensive governance, finance, risk and compliance solutions and services that allows financial organizations to address a single risk or business issue, but in the context of a much larger and more holistic way. An organization’s finance, risk and compliance areas can work together with a common goal of helping maintain profitability and find additional ways to safely grow the business. CCB Asia, the Hong Kong-based subsidiary of China Construction
Bank, is implementing a new regulatory
reporting solution. The system of choice is OneSumX for Regulatory Reporting. The contract was signed earlier this year (October 2015) and the expected completion date is before the year-end.
State Bank of India (SBI) Paris has signed up for the
OneSumX regulatory reporting services in November 2015, to ensure regulatory compliance for its activities in the country. SBI already uses Wolters Kluwer for its regulatory reporting needs in other locations, including Belgium, South Africa and Singapore. First Bancorp of Durango, Inc., based in Inverness, Ill., has selected the five-module financial analytics bundle of CASH™ Suite, an enterprise-wide financial analysis and credit risk management solution, in December 2015. First Bancorp is the holding company for the Bank of New Mexico in Grants, NM as well as First National Bank of Durango in Durango, Colo. Both banks will employ the CASH analytics bundle to help them achieve straight-through processing for their commercial lending businesses. The financial analytics bundle of CASH Suite includes the Insight, CRE, OnTrack, Bridge and CASH Doc
modules and provides a bank with deep and comprehensive financial analyses on its commercial loans for both new loans and annual reviews. Egypt-based Housing and Development Bank (HDB) implemented a suite of risk management and reporting products from Wolters Kluwer Financial Services. The new platform – OneSumX – will cover risk, operational risk and regulatory reporting at HDB. Namely, the areas of risk support comprise asset liability management (ALM), liquidity, market risk and credit risk. The ALM component is based on Wolters Kluwer’s integrated data architecture, providing an enterprise- wide risk solution. The deal was won in a competitive tender. The project will be carried out with the assistance of the vendor’s local partner, Winter Partners Egypt, which also participated in the bidding together with Wolters Kluwer. Banco Santander selected Wolters Kluwer’s OneSumX solution for its Australian operations’ regulatory reporting. OneSumX will be used by the Spanish bank to automate external reporting generation and to help deal with increasing Australian Prudential Regulation Authority (APRA) reporting requirements. The bank opened its first branch in Sydney in early 2012, to offer services to Australian companies that trade and invest in Santander’s home markets of Europe and Latin America. OneSumX was also chosen to keep the Banco Santander Australian operations in line with the latest regulatory standards, something that the ‘small team’ at Banco Santander Australia needed assistance with. Bank Pocztowy has signed up for Wolters Kluwer’s risk management software solution. The Polish retail bank will use OneSumX in the following areas – Asset and Liability Management (ALM), market risk, liquidity risk, and credit risk, for the Basel III capital charges calculation. Wolters Kluwer will also provide Funds Transfer Pricing (FTP) analysis and stress testing. In October 2016, Latvia-based private bank - ABLV Bank,
chose Wolters Kluwer’s OneSumX to provide its regulatory reporting software for the bank’s Latvian headquarters and the Luxembourg-based new subsidiary. The offering includes the European Banking Authority reporting.
In November 2016, Mizuho Bank’s Netherlands-based subsidiary successfully implemented Wolters Kluwer’s OneSumX solution for risk calculations and multi country regulatory reporting. Wolters Kluwer was awarded a contract by the Bank of Jordan for its OneSumX platform to manage the bank’s Liquidity Risk and ALM requirements. In December 2016, Wolters Kluwer was chosen by Českoslov- enská obchodní banka (ČSOB) for its OneSumX software. The solution is to be implemented for Risk Management across the bank’s Treasury (ALM) department to oversee its funds transfer pricing (FTP) system. Other banks that have recently signed up to use OneSumX include BGFI, Banco Santander, Taiwan Business Bank, Bank BGČ BNP Paribas, Sberbank and Mizuho Bank.
In January 2017, Queensland Treasury Corporation, central financing authority of the Queensland Government, went live with Wolters Kluwer’s OneSumX Finance, Risk and Regulatory Platform. In February 2017, CIBC, an existing user of the OneSumX platform, extended its partnership to
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