China Merchants Bank Selects Wolters Kluwer’s OneSumX

China Merchants Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software in the US. The solution combines bank data into a single source of data to ensure consistency, reconciliation and accuracy. It also includes Wolters Kluwer’s Regulatory Update Service.

“The comprehensive features available in OneSumX for Regulatory Reporting provide extensive functional coverage, adaptability and scalability and these were all qualities we were looking for when selecting the software,” comments Joseph Loffredo, Assistant General Manager & Chief Financial Officer for China Merchants Bank’s New York Branch.