About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BBVA Compass Selects Wolters Kluwer’s OneSumX for US Regulatory Reporting

Subscribe to our newsletter

BBVA Compass, the US-based subsidiary of Spanish multinational banking group BBVA, in January announced its plans to implement the OneSumX solution from Wolters Kluwer to provide regulatory reporting software for its US operations.

BBVA Compass is headquartered in Birmingham, Alabama and has a major presence throughout the ‘Sunbelt’ region of the US, with total assets of more than $90bn.

OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy. The solution includes the firm’s Regulatory Update Service and provides active monitoring of regulation in around 30 countries worldwide. It addresses all US regulatory, FR Y-14, FR 2052a, liquidity and other reporting requirements and can be expanded or customized to account for shifts in the risk and compliance environment.

“As part of our ongoing strategy to build a leading franchise in the US we wanted to take a more strategic approach to compliance. This needed to be supported by an integrated, flexible platform capable of evolving in response to regulatory requirements and supporting broader business goals,” explains Chris Butler, Senior Vice President and Director of Financial Reporting at BBVA Compass.

A few days earlier on 23 January, Wolters Kluwer confirmed that Austrian bank Sparkassen- Prüfungsverband has also selected the OneSumX service for its mandatory audit reports and appendix to the reports (the so-called ‘Anlage zum Prüfbericht’). These yearly bank audits must be performed by the auditors for all banks in Austria.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Addressing conduct risk: approaches to surveillance

Conduct risk in financial services is a critical area that requires vigilant monitoring and robust surveillance mechanisms. Regulatory bodies, (FCA, FINRA and others) have tightened their scrutiny and financial institutions must adopt advanced approaches to effectively manage and mitigate conduct risk. This webinar will examine the latest methodologies and technologies used to address conduct risk,...

BLOG

Kaizen and RegGenome Partner to Streamline Global Regulatory Intelligence

Reg reporting specialist Kaizen has forged a partnership with RegGenome, a spin-out from the University of Cambridge and a founding member of the open-source Regulatory Genome Project (RGP), aimed at helping financial institutions navigate complex global regulations. The tie-in combines RegGenome’s AI-powered regulatory data repository with Kaizen’s award-winning Single Rulebook platform. The partnership leverages the complementary...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...