Wolters Kluwer Named a Category Leader in Chartis’ IFRS 9 FinTech Quadrant™

Wolters Kluwer Named a Category Leader in Chartis’ IFRS 9 FinTech Quadrant™
23.03.2016 09:15 am

Wolters Kluwer Named a Category Leader in Chartis’ IFRS 9 FinTech Quadrant™

FinTech StartUps , IT Innovations , Infrastructure

Chartis Research has recognised Wolters Kluwer  a Category Leader for the financial services industry in its FinTech Quadrant™ on International Financial Reporting Standards (IFRS) 9 Technology Solutions. The FinTech Quadrant uses in-depth research and a clear scoring system to determine which IFRS 9 technology solutions in the marketplace can best meet an organization’s needs.

The March 2016 report from Chartis evaluates IFRS 9 technology solution providers on two key factors—completeness of offering and market potential. According to Chartis, Category Leaders, such as Wolters Kluwer, demonstrate a clear strategy for sustainable, profitable growth matched with best-in-class solutions. Wolters Kluwer’s IFRS 9 capabilities are part of its OneSumX® governance, finance, risk and compliance (GFRC) solution suite.

“Despite the clear advantage that the IFRS 9 requirements deliver, they have also introduced new working practices and new layers of complexity within accountancy that present challenges to the financial services industry,” said Hugh Stewart, research director at Chartis. “Wolters Kluwer continues to be a leader in helping its customers address these challenges and better position themselves for increased organizational profitability, efficiency and success.”

“Upgrading to the latest IFRS 9 requirements is a large transformational event for all financial institutions, regardless of size,” said Jeroen Van Doorsselaere, director, Business Development, Finance, IFRS and Performance at Wolters Kluwer. “We’re pleased that Chartis has not only recognized our deep IFRS 9 capabilities, but also our ability to meet these requirements in the context of a holistic GFRC framework through our OneSumX solution.”

Earlier in 2016, Wolters Kluwer was ranked No. 1 in the IFRS 9 category in Chartis’ RiskTech100® report. In the same report, the company also won top ranking in the Regulatory Reporting category, marking five years running that it has achieved that honor.

Related News

Evarvest launches Stock Trading App Uniting the World’s Stock Exchanges to Investors Across the Globe

Evarvest, a Lithuania-based start-up established with a goal of uniting the world’s stock exchanges and making them more widely accessible, reveals plans to launch a... Read more »

Currencycloud provides scalable platform for Evarvest launch

International payments platform ... Read more »

Billon Solutions and Microsoft to Bring DLT to Polish Universities

 Billon Solutions sp. z o. o., a fully owned subsidiary of Billon Group in the UK, signed a cooperation agreement with the Center for Research on Legal Aspects of Blockchain... Read more »

FintechOS Raises EUR 1,1M

FintechOS, a start-up specialized in accelerating the digital transformation of financial institutions worldwide, has just attracted EUR 1,1M post-seed investment in a new... Read more »

UK Cash Deposit FinTech Raises £11m to Drive Growth

London based FinTech, Flagstone, developer of the UK’s largest cash deposit platform which provides clients with access to over 550 deposit accounts from 30 banks through ... Read more »

Ten Startup Companies Selected for Fourth FIS Fintech Accelerator Program

FIS™, a global leader in financial services technology, and The Venture Center have announced the 10 portfolio companies selected to participate in the fourth annual FIS... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel