Wolters Kluwer Launches Publicly Available COVID-19 Related Regulatory Compliance Resource
- 02.04.2020 09:33 am
Wolters Kluwer’s Compliance Program Management (CPM) business has today launched COVID-19 Noteworthy Developments Bulletins, a free and publicly available resource that aggregates COVID-19 related global regulatory changes, orders, notices and other informational updates for the financial services industry. The new resource is publicly available via Wolters Kluwer’s OneSumX for Regulatory Change Management website, allowing visitors to click on the COVID-19 updates banner to learn about new developments, regulatory compliance impacts and regulatory agency resources, the company says.
“Regulatory changes impacting the global financial services industry are rapidly evolving due to the nature of the novel coronavirus pandemic,” said Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions’ business. “These new bulletins provide the financial services industry a centralized, extensive resource for keeping aware of the latest regulatory compliance impacts of the COVID-19 virus.”
The webpage link enables visitors to sign up for email updates on COVID-19 related regulatory developments applicable to specific financial services market segments. One bulletin focuses on developments relevant to banking and securities firms around the world, the other focuses on developments specific to U.S. insurance companies.
Earlier this year Wolters Kluwer CPM won two major awards for its OneSumX CPM for Regulatory Change Management and OneSumX CPM for Operational Risk software, winning “Solution of the Year” accolades in Finance Monthly magazine’s hotly contested FinTech Awards 2020. Finance Monthly is a global publication from the Universal Media stable, providing news, comment and analysis, distributed to more than 195,000 people each month.
OneSumX CPM for Regulatory Change Management tracks regulatory changes across a list of global agencies and organizes them to create structured, value-added content that is paired with an easy to use software solution. Clients receive content that flows through a single data feed format, and by linking regulatory changes to their respective regulatory rules in OneSumX CPM’s customizable, constantly updated regulatory library, their reporting is more accurate and efficient.
OneSumX CPM for Operational Risk, meanwhile, enables organizations to meet and adapt to internal operational risk practices by automating and simplifying the process of collecting, storing, analyzing, tracking and reporting on information relevant to operational losses, risk and control assessments, definition and management of key risk indicators and scenarios.
Wolters Kluwer’s CPM business is part of Wolters Kluwer Compliance Solutions, a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage compliance obligations tied to loan and deposit origination transactions and workflows, manage risk and other regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
The GRC division of Wolters Kluwer provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.