Wolters Kluwer’s Governance, Risk & Compliance Division Voted Global Employer of the Year for Financial Technology

  • Risk Management
  • 12.02.2020 11:16 am

Wolters Kluwer’s Governance, Risk & Compliance (GRC) division has won three major accolades, recognizing it as a “Global Employer of the Year”. The awards, all decided by independent editorial panels, “celebrate Wolters Kluwer GRC as an employer that values it’s staff, recognizes and promotes talent from within and fosters a collaborative and high-performing culture,” according to a statement from the company.

Corporate Vision magazine has named Wolters Kluwer GRC The Best Place to Work for Legal and Regulatory Compliance Software. US Business News, meanwhile, has named its three Banking & Regulatory Compliance businesses  as its Global Employer of the Year for Financial Technology, as has Finance Monthly magazine in its hotly contested FinTech Awards 2020.

Wolters Kluwer GRC provides legal and banking professionals with a broad range of solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. Its portfolio of businesses include two which provide Legal Solutions (CT Corporation and Wolters Kluwer ELM Solutions) and three which are dedicated to Banking & Regulatory Compliance (Wolters Kluwer Compliance Solutions, Wolters Kluwer Finance, Risk & Reporting (FRR) and Wolters Kluwer Lien Solutions). It’s Chief Executive Officer is New York-based Richard Flynn, a former American Express executive.

The awards follow a record year for award wins in 2019 for Wolters Kluwer GRC. Risk magazine awarded Wolters Kluwer FRR its coveted Regulatory Reporting System of The Year Award for the second year running and Waters Technology has also named the business its Best Market Risk Solution Provider in its annual Technology Rankings.  Wolters Kluwer Lien Solutions won a record 14 awards in 2019, including for new product launches such as Portfolio Sync and iLien Motor Vehicle. Wolters Kluwer Compliance Solutions, meanwhile, enjoyed 30 award wins last year, including major accolades from Chartis across Enterprise Governance, Risk & Compliance, IT Risk Management and Operational Risk & Conduct Risk. Wolters Kluwer is also the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis, ranking #8 overall and #1 for Customer Satisfaction in the Top Ten. Wolters Kluwer GRC’s Legal Solutions businesses, meanwhile, picked up a total of 28 accolades from leading award programs.

“These prestigious awards reflect our ongoing commitment to providing our 4,000 global employees with a collaborative environment that fosters innovation and excellence,” said Paul Lyon, London-based Global Director of Corporate Communications for Banking & Regulatory Compliance at Wolters Kluwer GRC, speaking with Financial IT. “We have started the year with notable successes, with more award wins set to be announced this week across our Compliance Solutions, FRR and Lien Solutions business lines. Such success is only possible due to the dedication of our staff who ensure all business lines remain leaders in their fields. Sincere thanks to the editors of all three publications for recognizing Wolters Kluwer as an exciting and rewarding company.”

Earlier this month, as reported by Financial IT, Wolters Kluwer FRR announced it had won three major accolades for its industry leading integrated regulatory compliance and reporting solutions. The awards specifically celebrate the success of the company’s software-as-a-service (SaaS) Regulatory Reporting solution and its Regulatory Engine Upgrade, both launched in mid 2019.

IBS Intelligence has named Wolters Kluwer’s OneSumX suite of solutions its Most Innovative Compliance/RegTech Solution in its inaugural Global FinTech Innovation Awards. Established in 1991, IBS Intelligence, a member of Cedar Group, is a highly regarded global FinTech news, research and analyst firm.

Editors of the publication noted how Wolters Kluwer FRR “has had a busy 2019 with the launch of OneSumX on the cloud as part of the regulatory reporting SaaS solution. Available as a cloud service for the first time, it aligns with the cloud technology strategies adopted by the company’s customers for predictable and lower costs.”

Since the launch of the service, the Dutch partially state-owned BNG Bank has signed up to use OneSumX in order to automate its regulatory reporting processes and to better ensure reconciliation of reporting between the bank’s own functional departments. “Wolters Kluwer expects plenty more uptake in 2020, as it is putting customers’ needs consistently at the heart of its business by listening and innovating” editors at IBS Intelligence added. “OneSumX is a great example of a true market leader, making Wolters Kluwer FRR a worthy winner of this accolade.”

Finance Monthly, meanwhile, has bestowed Launch of the Year accolades on Wolters Kluwer FRR for both its SaaS Regulatory Reporting Solution and the Regulatory Engine Upgrade, as part of its FinTech Awards for 2020. The new Regulatory Engine is characterized by enhanced performance and a better user experience, in terms of speed, automation and scalability.

Wolters Kluwer is an information services and solutions provider for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. The Dutch-based company reported 2018 annual revenues of €4.3 billion, maintains operations in more than 40 countries and employs approximately 18,600 people worldwide.

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