KUALA LUMPUR, July 8 (Bernama) -- Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has swept three major awards for its RegTech, risk management and regulatory reporting solutions in the Asia Pacific (APAC) region.
Waters Technology has named the company’s OneSumX for FRR the Best Middle Office Platform in its 2021 Asia Awards and the Hong Kong Monetary Authority (HKMA) has awarded the company two accolades in its Global RegTech Challenge.
According to a statement, the highly competitive award series are both free to enter industry competitions, with both expert panels judging winners based on evidence of excellence and innovation.
Managing Director of Wolters Kluwer FRR APAC, Rainer Fuchsluger commented: “These highly prestigious awards reflect the strong market adoption of our industry leading OneSumX for FRR suite of solutions.”
“We continue to innovate across the full RegTech ecosystem, providing our all important clients with access to a truly integrated approach to finance, risk and regulatory reporting.”
Waters Technology is a 37-year-old financial technology industry journal, published by Infopro Digital, owners of Risk.net and Chartis Research.
Its Best Middle Office Platform award reflects the strong market uptake of OneSumX for FRR which is Wolters Kluwer’s best-in-class integrated regulatory compliance and reporting solution suite that establishes a single source of data for finance, risk and regulatory reporting that is enriched with value-added content from in-house experts.
HKMA, meanwhile, received more than 85 submissions from 15 jurisdictions in its Global RegTech Challenge with Wolters Kluwer FRR winning two of the four titles on offer in the award programme.
The competition was designed by the regulator “to raise the Hong Kong banking industry’s awareness of the potential of RegTech adoption.”
Wolters Kluwer FRR, part of Wolters Kluwer’s GRC division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions, supporting regulated financial institutions in meeting their obligations to external regulators and their own board of directors.
-- BERNAMA
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