ComplianceJuly 18, 2019

China Merchants Bank selects Wolters Kluwer’s OneSumX for regulatory reporting

China Merchants Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.

“The comprehensive features available in OneSumX for Regulatory Reporting provide extensive functional coverage, adaptability and scalability and these were all qualities we were looking for when selecting the software,” commented Joseph Loffredo, Assistant General Manager & Chief Financial Officer for China Merchants Bank’s New York Branch. “Wolters Kluwer’s subject matter experts provide unrivaled expertise, and the ease of integration with other technology also makes OneSumX for Regulatory Reporting an attractive proposition.”

About Wolters kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.