Latest news with #JeroenVanDoorsselaere
Yahoo
20-05-2025
- Business
- Yahoo
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
Supporting the Bank's digital transformation by enhancing Basel compliance, regulatory reporting, and risk management with the OneSumX solution suite HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting and risk management platform using its OneSumX solution suite. This marks a significant step in SCB's Governance, Risk, and Compliance (GRC) initiative, creating a unified source of truth for Basel compliance, regulatory reporting, risk analysis, and stress testing. SCB is now compliant with the Basel III requirements in Hong Kong, including risk-weighted asset calculations and regulatory reporting. By transitioning from manual processes to an automated system powered by OneSumX, SCB has streamlined operations, strengthened data governance, and enhanced compliance with the Hong Kong Monetary Authority (HKMA) guidelines. A structured transition approach ensured operational continuity and a smooth shift to the new system. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank," said Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "SCB's vision aligns with our strategy of an integrated regulatory and risk platform. By taking an incremental approach, SCB has effectively prioritized its immediate compliance needs while building a scalable foundation for future regulatory demands. This positions SCB to confidently navigate the complexities of an evolving regulatory landscape." "We chose Wolters Kluwer for its trusted solutions used by 800-plus banks globally and its local HKMA expertise," said Wendy Li-chien Weng, Executive Vice President & Chief Financial Controller, Shanghai Commercial Bank. "The OneSumX solution further strengthens our regulatory reporting and risk management capabilities, reinforcing our commitment to excellence." Building on this milestone, SCB has introduced credit risk stress-testing scenarios using OneSumX for Risk Management and is set to automate HKMA reports and granular data reporting (GDR) in the next phases. By leveraging Wolters Kluwer's expertise and a phased, modular approach, SCB has established a single, integrated platform for financial risk management and regulatory reporting. The implementation has improved data accuracy, increased operational efficiency, and optimized resource allocation. OneSumX for Basel is a fully integrated regulatory risk, modular platform that ensures compliance with Basel reforms globally by providing seamless risk and capital management. With full traceability, scenario-based projections, and end-to-end integration, OneSumX stands out by delivering unparalleled accuracy, efficiency, and regulatory confidence within a single, scalable framework. Shanghai Commercial Bank, incorporated in 1950 in Hong Kong, is a leading local Chinese bank providing comprehensive banking services across multiple regions. Its network spans 50 branches in Hong Kong, mainland China, the United Kingdom, and the United States, ensuring accessibility and convenience for its customers. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of the Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory, and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with ever-changing regulatory requirements, manage uncertainty through financial risk management offerings, and drive efficiency. For more information about Wolters Kluwer, please visit ### About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
Supporting the Bank's digital transformation by enhancing Basel compliance, regulatory reporting, and risk management with the OneSumX solution suite HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting and risk management platform using its OneSumX solution suite. This marks a significant step in SCB's Governance, Risk, and Compliance (GRC) initiative, creating a unified source of truth for Basel compliance, regulatory reporting, risk analysis, and stress testing. SCB is now compliant with the Basel III requirements in Hong Kong, including risk-weighted asset calculations and regulatory reporting. By transitioning from manual processes to an automated system powered by OneSumX, SCB has streamlined operations, strengthened data governance, and enhanced compliance with the Hong Kong Monetary Authority (HKMA) guidelines. A structured transition approach ensured operational continuity and a smooth shift to the new system. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank," said Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "SCB's vision aligns with our strategy of an integrated regulatory and risk platform. By taking an incremental approach, SCB has effectively prioritized its immediate compliance needs while building a scalable foundation for future regulatory demands. This positions SCB to confidently navigate the complexities of an evolving regulatory landscape." "We chose Wolters Kluwer for its trusted solutions used by 800-plus banks globally and its local HKMA expertise," said Wendy Li-chien Weng, Executive Vice President & Chief Financial Controller, Shanghai Commercial Bank. "The OneSumX solution further strengthens our regulatory reporting and risk management capabilities, reinforcing our commitment to excellence." Building on this milestone, SCB has introduced credit risk stress-testing scenarios using OneSumX for Risk Management and is set to automate HKMA reports and granular data reporting (GDR) in the next phases. By leveraging Wolters Kluwer's expertise and a phased, modular approach, SCB has established a single, integrated platform for financial risk management and regulatory reporting. The implementation has improved data accuracy, increased operational efficiency, and optimized resource allocation. OneSumX for Basel is a fully integrated regulatory risk, modular platform that ensures compliance with Basel reforms globally by providing seamless risk and capital management. With full traceability, scenario-based projections, and end-to-end integration, OneSumX stands out by delivering unparalleled accuracy, efficiency, and regulatory confidence within a single, scalable framework. Shanghai Commercial Bank, incorporated in 1950 in Hong Kong, is a leading local Chinese bank providing comprehensive banking services across multiple regions. Its network spans 50 branches in Hong Kong, mainland China, the United Kingdom, and the United States, ensuring accessibility and convenience for its customers. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of the Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory, and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with ever-changing regulatory requirements, manage uncertainty through financial risk management offerings, and drive efficiency. For more information about Wolters Kluwer, please visit ### About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
HONG KONG--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting and risk management platform using its OneSumX solution suite. This marks a significant step in SCB's Governance, Risk, and Compliance (GRC) initiative, creating a unified source of truth for Basel compliance, regulatory reporting, risk analysis, and stress testing. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank,' said Jeroen Van Doorsselaere, Vice President, Wolters Kluwer Finance, Risk & Regulatory Reporting. Share SCB is now compliant with the Basel III requirements in Hong Kong, including risk-weighted asset calculations and regulatory reporting. By transitioning from manual processes to an automated system powered by OneSumX, SCB has streamlined operations, strengthened data governance, and enhanced compliance with the Hong Kong Monetary Authority (HKMA) guidelines. A structured transition approach ensured operational continuity and a smooth shift to the new system. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank,' said Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. 'SCB's vision aligns with our strategy of an integrated regulatory and risk platform. By taking an incremental approach, SCB has effectively prioritized its immediate compliance needs while building a scalable foundation for future regulatory demands. This positions SCB to confidently navigate the complexities of an evolving regulatory landscape." "We chose Wolters Kluwer for its trusted solutions used by 800-plus banks globally and its local HKMA expertise," said Wendy Li-chien Weng, Executive Vice President & Chief Financial Controller, Shanghai Commercial Bank. 'The OneSumX solution further strengthens our regulatory reporting and risk management capabilities, reinforcing our commitment to excellence.' Building on this milestone, SCB has introduced credit risk stress-testing scenarios using OneSumX for Risk Management and is set to automate HKMA reports and granular data reporting (GDR) in the next phases. By leveraging Wolters Kluwer's expertise and a phased, modular approach, SCB has established a single, integrated platform for financial risk management and regulatory reporting. The implementation has improved data accuracy, increased operational efficiency, and optimized resource allocation. OneSumX for Basel is a fully integrated regulatory risk, modular platform that ensures compliance with Basel reforms globally by providing seamless risk and capital management. With full traceability, scenario-based projections, and end-to-end integration, OneSumX stands out by delivering unparalleled accuracy, efficiency, and regulatory confidence within a single, scalable framework. Shanghai Commercial Bank, incorporated in 1950 in Hong Kong, is a leading local Chinese bank providing comprehensive banking services across multiple regions. Its network spans 50 branches in Hong Kong, mainland China, the United Kingdom, and the United States, ensuring accessibility and convenience for its customers. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of the Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory, and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with ever-changing regulatory requirements, manage uncertainty through financial risk management offerings, and drive efficiency. For more information about Wolters Kluwer, please visit About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram.
Business Wire
12-05-2025
- Business
- Business Wire
Wolters Kluwer 2025 Market Insights thought leadership series convenes in key London event
LONDON--(BUSINESS WIRE)-- Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) hosts its latest 2025 Market Insights series installment with a Market Insights UK event featuring Wolters Kluwer experts, alongside industry thought leaders from PwC and UK Finance, from 14:00-17:00 BST Wednesday, May 14 at The Westin London City, London. Now a trusted annual touchpoint, the Market Insights series is Wolters Kluwer's proprietary thought leadership forum for finance, risk, and regulatory professionals to gain early insight into the trends, challenges, and regulatory shifts that will define the year ahead. The UK edition brings together senior leaders, partners, and experts to exchange knowledge and practical guidance tailored to the evolving UK financial landscape. 'Our Market Insights events help finance and risk leaders cut through the noise and get clarity on what's coming next,' said Jeroen Van Doorsselaere, Vice President, Global Product & Platform Management, Wolters Kluwer FRR. 'For UK institutions in particular, the timing is critical. With Basel 3.1 and other major changes accelerating, this event connects regulation to actionable strategies.' With growing geopolitical uncertainty and macroeconomics shaping 2025, Market Insights UK will deliver business-critical updates on how financial institutions can prepare, adapt, and lead. Designed to connect technical compliance with strategic execution, the agenda includes: UK regulatory outlook: Basel 3.1, SDDT, BoE Taxonomy 1.3.1, depositor protection changes, revised leverage thresholds, Large Exposures, and remuneration reforms ALM under pressure: How banks are reshaping ALM frameworks amid market volatility and geopolitical risk Basel 3.1 & SDDT: Implementation timelines, parallel testing, and UK-specific readiness insights Finance Transformation: Practical strategies to modernize finance operations and boost efficiency, compliance, and agility The broader 2025 Market Insights series runs from March to June with events in Luxembourg (March 13); France (April 16); United Kingdom (May 14); and planned sessions in Austria, Netherlands & Belgium, Germany, Hong Kong, Monaco, and more. Each Market Insight event addresses local regulatory priorities while examining pan-European and pan-APAC themes. 'The series demonstrates Wolters Kluwer's ongoing commitment to supporting financial institutions in meeting compliance obligations, enhancing competitiveness, and anticipating future demands, through the power of sharing expert insights and our OneSumX technology platform,' said Van Doorsselaere. FRR is part of Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. Registration is now open at Wolters Kluwer Market Insights UK. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
Business Wire
01-05-2025
- Business
- Business Wire
Wolters Kluwer wins two A-Team Innovation Awards for excellence in integrated regulatory risk and data transformation
LONDON--(BUSINESS WIRE)-- Wolters Kluwer Financial & Corporate Compliance has been recognized with two prestigious 2025 A-Team Innovation Awards for excellence in integrated regulatory risk, and financial data management. The awards celebrate innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver high-value solutions for financial institutions. "The A-team Innovation Awards underscore our commitment to delivering exceptional solutions and an unparalleled customer experience," says Jeroen Van Doorsselaere, Vice President, Wolters Kluwer Finance, Risk & Regulatory Reporting. "The A-team Innovation Awards underscore our commitment to delivering exceptional solutions and an unparalleled customer experience. Our solutions adeptly combine financial, risk, and regulatory metrics with modular and flexible configuration capabilities, ensuring responsiveness to an evolving landscape," said Jeroen Van Doorsselaere, Vice President, Global Product & Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "Financial institutions recognize the immense value of our implementation approach and integrated solutions, along with our comprehensive understanding of industry nuances and proven track record of success." The implementation of Wolters Kluwer's integrated regulatory and risk solutions at Indexo Bank was recognized by A-Team as the Most Innovative Project. Combining OneSumX for Regulatory Reporting and OneSumX for Risk in a fully integrated, SaaS-based setup, the implementation delivers end-to-end compliance with FINREP, COREP, Basel III, and IRRBB. Built for scalability, efficiency, and future growth, the solution supports Indexo Bank's goal to become a financial services group that empowers the people of Latvia to achieve prosperity, providing a solid regulatory and risk foundation to match its expanding business. Wolters Kluwer was also recognized as the Most Innovative Data Transformation Project for the OneSumX for Finance implementation at a major European bank, which successfully transformed its fragmented finance and risk systems into a unified general ledger and centralized accounting and data hub. OneSumX for Finance established a single source of truth, by integrating financial, contract, counterparty, and reference data, ensuring consistency, and reducing the need for downstream reconciliation while simplifying reporting. It enabled real-time monitoring, daily reconciliation, and improved regulatory compliance while streamlining the system landscape to lower costs and operational complexity. Finance, Risk, and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with everchanging regulatory requirements, manage uncertainty through finance and risk management offerings, and drive efficiency. For more information, please visit: OneSumX Finance, Risk, and Regulatory Reporting. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
