ENHANCING
CEO of the Financial & Corporate Compliance Division
Wolters Kluwer
HQ: Alphen aan den Rijn, The Netherlands
Wolters Kluwer has ramped up innovative advancements with the full incorporation of the eOriginal platform over the past year into its array of end-to-end digital offerings, providing lenders with new capabilities.
Wolters Kluwer has been at the forefront of pioneering technologies in the digital lending arena that are changing the ways in which secured lending is transacted today, whether in mortgage lending, auto lending, equipment leasing or other kinds of commercial finance.
In the past 12 months, Wolters Kluwer joined the International Factoring Association (IFA) as a preferred vendor, leveraging its lien management capabilities to enable real-time nationwide searches, seamless UCC filing processes and lien management tools to help factor organizations reduce elevated risk when making lending decisions and while managing long-term lending cycles and revolving credit lines that add levels of complexity to the lending process.
The company has also considerably expanded its regulatory coverage from more than 700 global regulatory agencies a few years ago to more than 1,500 today, enhancing the range and breadth of legislative and regulatory developments it captures in its regulatory library for use by financial services firms in managing regulatory change. This expanded scope helps financial services firms better identify and “tag” significant regulatory changes relevant to specific lines of business, helping them manage their regulatory compliance obligations.
During the last year, Wolters Kluwer also made major functionality enhancements to its OneSumX offering for operational risk management technology, a modular system that simplifies the operational risk and compliance process of collecting, storing, analyzing, tracking and reporting while providing a capability for rigorous regulatory change management, compliance testing and regulatory exams. Specifically, by upgrading the platform’s issues and actions module, Wolters Kluwer can provide users with fully configurable workflow, screen template and assignee types that address any conceivable business process, enabling an issue to be raised quickly in any context with pre-populated information. The combination of functionality, integration and flexibility results in a powerful new module for users.
“Innovation is so critical to everything we do, as it enables us to continuously simplify, speed and streamline essential business processes and workflows in ways that help our clients better serve their end customers.”