Wolters Kluwer wins plaudits for APAC Finance, Risk & Regulatory Reporting business

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has won a number of independent industry awards celebrating excellence and innovation in the Asia Pacific (APAC) region.

Regulation Asia has named Wolters Kluwer’s OneSumX for Regulatory Reporting the “Best Solution in Regulatory Reporting” in its prestigious Awards for Excellence for the fourth time in five years and APAC Insider has recognized the company’s leading position in the field, naming the company Best Regulatory Reporting Provider for Singapore. RegTech Insight, meanwhile, has awarded the firm its Best Regulatory Compliance Solution for IFRS 9 accolade in its APAC Awards.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.

Regulation Asia judges noted how Wolters Kluwer FRR has “continued to evolve and stay relevant in an ever-changing industry, for example by expanding its coverage to areas such as ESG reporting. Wolters Kluwer is seen by banks and regulators alike as a trusted technology partner.”

The Regulation Asia award was presented to Rainer Fuchsluger from Wolters Kluwer FRR, who is also this year’s recipient of APAC Insider’s RegTech Executive Leader of the Year, in the magazine’s South East Asia Awards. Formerly Managing Director of Wolters Kluwer FRR for APAC, Fuchsluger now has a global remit as Vice President, Strategic Planning & Business Development for the company.

Regulation Asia, founded in 2013, is a leading online publication, providing actionable regulatory intelligence for APAC markets. Its free-to-enter Awards for Excellence program recognizes companies that have shaped the regulatory landscape across APAC, providing independent verification of excellence and innovation.

RegTech Insight is part of A-Team Insight and APAC Insider is part of international publishing house AI Global Media. Award programs run by RegTech Insight and APAC Insider are also entirely free to enter.

Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance (GRC) division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

The company’s OneSumX for Regulatory Reporting solution was named Regulatory Reporting System of the Year in Risk.net’s annual Technology Awards. Wolters Kluwer FRR is also this year’s winner of the Liquidity Risk category in the hotly contested Chartis RiskTech100® Rankings and was named Category Leader in the Chartis published “Regulatory Reporting Solutions, 2022: Market and Vendor Landscape” report.

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About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.