Wolters Kluwer Financial Services Wins Operational Risk Product of the Year Award
OneSumX® recognized as the leading operational risk solution
Wolters Kluwer Financial Services is the leading provider of operational risk software globally. That’s according to Operational Risk & Regulation magazine, which has named OneSumX its Operational Risk Product of the Year.
The magazine awarded OneSumX the accolade following extensive research by its independent judging panel. “With the onslaught of post-crisis financial regulation showing no sign of abating…it can be difficult to keep abreast of the continual updates, amendments and cross-border clarifications, let alone act on them,” the magazine’s editors noted in their justification for the award. “OneSumX helps clients understand how regulatory change – both current and expected – will affect them, and the workflow tools allow them to manage those changes.”
OneSumX provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance—increasing organizational profitability, efficiency and growth. OneSumX Operational Risk enables organizations to meet and adapt to internal operational risk practices by automating and simplifying the process of collecting, storing, analyzing, tracking and reporting on information relevant to operational losses, risk and control assessments, definition and management of key risk indicators and scenarios.
“This prestigious award is a testament to how OneSumX meets the ever challenging needs of our clients,” said Clive Pedder, managing director, EMEA, for Wolters Kluwer Financial Services. “Operational Risk can be the most devastating and at the same time, the most difficult risk for banks to anticipate. Having a suitably robust system in place is a must and I am delighted that we have received independent recognition of OneSumX’s ability to provide banks with just this.”
Operational Risk & Regulation is published by Incisive Media and is a sister title to Risk magazine. It is widely regarded as being the pre-eminent title covering operational risk.