State Bank of India Paris selects Wolters Kluwer Financial Services for Regulatory Reporting
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
French branch of India’s largest commercial bank opts for OneSumX for Regulatory Reporting
State Bank of India (SBI) Paris is the latest institution to sign up for Wolters Kluwer Financial Services’ Regulatory Reporting services. The French branch of India’s largest commercial bank will now use the OneSumX Regulatory Reporting solution to ensure regulatory compliance for its activities in the country.
OneSumX Regulatory Reporting uses a single source of data to help ensure consistency, reconciliation and accuracy. The regulatory reporting solution allows banks and other financial services firms to reconcile reporting requirements needed to help ensure alignment between finance and risk reports, both for internal use and externally for regulators.
SBI Paris chose Wolters Kluwer Financial Services after a competitive selection process to replace its existing solutions to produce reports for bodies such as the French Prudential Supervisory Authority (Autorité de contrôle prudentiel et de résolution - ACPR) and the European Banking Authority (EBA). SBI already uses Wolters Kluwer Financial Services for its regulatory reporting needs in other locations, including Belgium, South Africa and Singapore.
“State Bank of India already has experience of using Wolters Kluwer Financial Services for its regulatory reporting needs in multiple locations,” commented Mr. Subodh Kumar, CEO of SBI Paris. “And following the selection process in France it was apparent that OneSumX would be an excellent choice as an automated solution that can interface with our core banking platform, producing reports for the ACPR and EBA. Likewise, the bank will benefit from the audit trail functionalities offered through OneSumX.”
SBI Paris was also attracted to the OneSumX solution due to the Regulatory Update Service offering, providing access to up-to-date information on regulatory requirements to help ensure ongoing compliance with regulatory developments when they happen. The Regulatory Update Service is unique to Wolters Kluwer Financial Services and is maintained by experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is up-to-date at all times.
“We look forward to providing SBI Paris with our class leading regulatory reporting services,” said Kris Van Bavel, vice president of Sales, EMEA, at Wolters Kluwer Financial Services. “The choice of our product once again demonstrates how major institutions continue to recognize our expertise, strengthening the reliability of the compliance process. Notably, by opting for OneSumX, SBI Paris is now able to optimize its regulatory reporting requirements and processes in a cost efficient way across multiple countries.”
For more information on Wolters Kluwer Financial Services’ leading OneSumX Regulatory Reporting solution, as recognized by Chartis Research in its 2015 RiskTech 100 survey, go to www.wolterskluwerfs.com.