The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Wolters Kluwer Launches OneSumX SaaS Regulatory Reporting Solution

Subscribe to our newsletter

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has launched a software-as-a-service (SaaS) Regulatory Reporting solution, marking the first time that the company’s OneSumX regulatory software has been made available on the cloud.

The SaaS solution offers the same functionality as the company’s on-premise product, based on the upgraded OneSumX Regulatory Engine technology platform. The SaaS solution, like the OneSumX for Regulatory Reporting on-premise solution, combines bank data into a single source of data, and includes access to the company’s Regulatory Update Service across 30 countries.

As part of the SaaS launch, Wolters Kluwer FRR has partnered with Microsoft Azure to deliver premium and secure hosting services to its clients, with full platform management service by Wolters Kluwer FRR along with ongoing software upgrades, testing and fixes deployment services.

Wolters Kluwer FRR also announced a major upgrade to its OneSumX Regulatory Engine, which will be rolled out for on-premise installations of OneSumX for Regulatory Reporting, and immediately available in the new SaaS offering for clients across Europe and Asia Pacific. The new Regulatory Engine claims to offer enhanced performance and improved speed, automation and scalability.

The upgrade will be immediately available through the SaaS offering, and rolled out for on-premise installations to be the common platform of the OneSumX for Regulatory Reporting solution. It will natively integrate with an enhanced data management layer to deliver full data lineage as well as integration with Wolters Kluwer’s OneSumX for Finance and OneSumX for Risk solutions.

The upgraded platform will enable clients to capture source data into regulatory defined reports and run validation, adjustments and auditing before submitting data to regulators.

“Putting our customers’ needs consistently at the heart of our business means listening and innovating,” comments Claudio Salinardi, Executive Vice President & General Manager of Wolters Kluwer FRR. “Our Regulatory Engine upgrade is a milestone in meeting our clients’ evolving demands in the world of exponentially increasing regulatory requirements, together with enhanced risk management practices.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYC

Date: 24 March 2022 Time: 11:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Perpetual Know Your Customer (or pKYC) could be a game changer for client onboarding, due diligence and financial crime compliance. Moving on from today’s reactive approach that conducts client KYC processes at onboarding and typically at one, three and...

BLOG

UK FCA Targets up to £4 billion of Reporting Costs via Transforming Data Collection Initiative

The Financial Conduct Authority’s involvement in the Bank of England’s Transforming Data Collection Initiative is aimed at reducing industry reporting costs of as much as £4 billion, according to FCA CEO Nikhil Rathi. The initiative – launched in February – aims to deliver improvements in data collection over the next decade. Speaking last week at...

EVENT

ESG Insight Briefing NYC

The briefing will explore challenges around assembling and evaluating ESG data, how to apply new technologies to improve data quality and insight and the impact of regulatory measures on standardisation efforts.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...