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FinanceDecember 01, 2022

Wolters Kluwer wins plaudits for APAC Finance, Risk & Regulatory Reporting business

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has won a number of independent industry awards celebrating excellence and innovation in the Asia Pacific (APAC) region.

Regulation Asia has named Wolters Kluwer’s OneSumX for Regulatory Reporting the “Best Solution in Regulatory Reporting” in its prestigious Awards for Excellence for the fourth time in five years and APAC Insider has recognized the company’s leading position in the field, naming the company Best Regulatory Reporting Provider for Singapore. RegTech Insight, meanwhile, has awarded the firm its Best Regulatory Compliance Solution for IFRS 9 accolade in its APAC Awards.

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.

Regulation Asia judges noted how Wolters Kluwer FRR has “continued to evolve and stay relevant in an ever-changing industry, for example by expanding its coverage to areas such as ESG reporting. Wolters Kluwer is seen by banks and regulators alike as a trusted technology partner.”

The Regulation Asia award was presented to Rainer Fuchsluger from Wolters Kluwer FRR, who is also this year’s recipient of APAC Insider’s RegTech Executive Leader of the Year, in the magazine’s South East Asia Awards. Formerly Managing Director of Wolters Kluwer FRR for APAC, Fuchsluger now has a global remit as Vice President, Strategic Planning & Business Development for the company.  

Regulation Asia, founded in 2013, is a leading online publication, providing actionable regulatory intelligence for APAC markets. Its free-to-enter Awards for Excellence program recognizes companies that have shaped the regulatory landscape across APAC, providing independent verification of excellence and innovation. 

RegTech Insight is part of A-Team Insight and APAC Insider is part of international publishing house AI Global Media. Award programs run by RegTech Insight and APAC Insider are also entirely free to enter.

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.

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.

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