Bank of China selects Wolters Kluwer’s OneSumX for Integrated Finance, Risk and Regulatory Reporting in Australia
OneSumX for Regulatory Reporting is set up to use a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.
Mr. Felix Lin, Senior Finance Manager for Bank of China, Sydney Branch, commented, “Providing accurate and timely submission of our business data to regulators has always been our priority. After an extensive investigation into all the options available to us, it became apparent that Wolters Kluwer’s integrated approach met our future Finance, Risk and Regulatory Reporting aspirations. We have commenced working on the implementation quickly to meet the Australian Prudential Regulatory Authority’s Economic and Financial Statistical Reporting (EFS) Phase 1.”
“Wolters Kluwer is delighted to be working with Bank of China in its continuation of delivering excellence in external and internal reporting,” commented David Rule, Account Manager for Australia New Zealand in Wolters Kluwer’s Finance, Risk & Reporting (FRR) business. “The team at Bank of China has taken a future view of its reporting capabilities and recognized the recent regulatory reporting changes in Australia will allow the firm to execute finance and risk function enhancements.”
Regulation Asia also recently named Wolters Kluwer’s OneSumX for Regulatory Reporting the “Best Solution in Regulatory Reporting” in its Awards for Excellence, 2018. For the seventh time in eight year, Chartis Research has also awarded Wolters Kluwer its global Regulatory Reporting Category Award in Chartis RiskTech100® Rankings.
Über Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) ist ein weltweit führender Anbieter von Informationen, Softwarelösungen und Dienstleistungen für Fachleute in den Bereichen Gesundheitswesen, Steuern und Rechnungswesen, Finanz- und Unternehmens-Compliance, Recht und Regulierung, Unternehmensperformance und ESG. Wir helfen unseren Kund:innen jeden Tag, wichtige Entscheidungen zu treffen, indem wir Expertenlösungen anbieten, die fundiertes Fachwissen mit Technologie und Dienstleistungen kombinieren.
Wolters Kluwer meldet für 2024 einen Jahresumsatz von 5,9 Milliarden Euro. Die Gruppe bedient Kund:innen in über 180 Ländern, unterhält Niederlassungen in über 40 Ländern und beschäftigt weltweit rund 21.600 Mitarbeiter:innen. Der Hauptsitz des Unternehmens befindet sich in Alphen aan den Rijn in den Niederlanden.