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

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.”

Related content

WEBINAR

Upcoming Webinar: Fighting fraud and financial crime with RegTech

Date: 24 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial fraud and crime continue to escalate causing significant damage to companies, countries and the global economy despite enormous efforts by firms and organisations in the financial services sector to identify and expel bad actors. As these bad actors...

BLOG

BXS Launches Rule 606 Consolidator Tool

BXS, a New York-based compliance reporting and analytics solutions provider, has launched a new Rule 606 Consolidator tool. Available to all existing BXS customers, the new add-on provides a comprehensive view of brokers’ public Rule 606 report filings, allowing market centers to analyze how their clients and prospects are routing order flow and how their...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...