Hong Kong Monetary Authority has published a Global RegTech Challenge Summary Report under their recently launched RegTech Knowledge Hub. The global RegTech challenge was launched as part of HKMA’s two-year roadmap to raise awareness about the potential of RegTech adoption in Hong Kong’s banking industry.
In this challenge, Wolters Kluwer won two of the four significant accolades: the Governance, Risk and Compliance and Risk Management categories. With its multi-award-winning regulatory and risk technology, Wolters Kluwer demonstrated how to optimize regulatory compliance across different jurisdictions and enhance the delivery of stress testing requirements driven by the diverse needs of risk, compliance, and business unit teams.
The report also entails a detailed description and benefits of our best-in-class integrated solution suite OneSumX for Finance, Risk and Regulatory Reporting and an analysis of how this solution can help resolve standard risk management and regulatory compliance pain points experienced by banks.
Download the HKMA's Global RegTech Challenge report now and turn to pages 25 & 28 to learn more.