Bank of Jordan Deploys Wolters Kluwer’s Risk Software

Bank of Jordan Deploys Wolters Kluwer’s Risk Software
24.11.2016 11:00 am

Bank of Jordan Deploys Wolters Kluwer’s Risk Software

Risk Management

Bank of Jordan has chosen Wolters Kluwer’s OneSumX to provide its risk software after a competitive tender process.  The bank has specifically signed up to use OneSumX for Risk to manage its Liquidity Risk and Asset and Liability Management (ALM)requirements.

Bank of Jordan will use the OneSumX for balance sheet modeling, risk measurement, risk management and regulatory compliance. The solution is based on Wolters Kluwer’s integrated data architecture and is a truly enterprise-wide risk solution. 

OneSumX Liquidity Risk Management, meanwhile, combines a risk management/stress engine and regulatory reporting platform which will enable Bank of Jordan to monitor, manage and report liquidity risk.

The bank will use Advanced Financial Solutions for the implementation of the Wolters Kluwer offering. A subsidiary of Midis Group, Advanced Financial Solutions specializes in providing software solutions and consulting services for financial institutions in the Middle East, North Africa and Turkey.

“Bank of Jordan is keen to ensure we have a state of the art risk management platform in place,” says Mr. Saleh Hammad, Chief Risk Officer at Bank of Jordan. “As a result we carefully chose our vendor and opted for Wolters Kluwer based on its strong reputation and risk expertise.”

“Wolters Kluwer is delighted to have been chosen to provide the risk software for Bank of Jordan,” notes Kris Van Bavel, managing director, EMEA, Finance, Risk and Reporting, for Wolters Kluwer. “Banks across this region are increasingly sophisticated when it comes to risk management and we are on hand to provide them our expertise. We certainly look forward to continuing to work with the bank to help manage their exacting risk management requirements.”

Related News

Wolters Kluwer Triumphs with Two Industry Awards for Vanceo™ Mortgage

Vanceo™ Mortgage, an automated loan processing system offered by ... Read more »

ACA Compliance Group becomes sponsoring partner of AIMA

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has become a global... Read more »

Trade Ledger integrates WiserFunding to advance complex commercial risk assessments

Trade Ledger and Wiserfunding today announced a partnership that allows banks and alternative finance providers to more accurately assess their mid-market commercial customers... Read more »

Equiniti Riskfactor unveils new partnership with Codat

Equiniti Group plc, an international technology-led services and payments specialist, is delighted to announce that its risk management business, Equiniti Riskfactor, has... Read more »

Linedata launches its new generation platform for credit origination and risk management

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services has released its new generation platform for credit origination... 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