Wolters Kluwer Financial & Corporate Compliance recently secured two major wins at the 2025 A-Team Innovation Awards, recognizing its outstanding contributions in integrated regulatory risk management and financial data transformation. These prestigious awards highlight the company’s commitment to delivering high-value solutions leveraging emerging technologies to help financial institutions navigate complex regulatory landscapes. Wolters Kluwer, founded in 1836 and headquartered in Alphen aan den Rijn, Netherlands, is a global leader in providing professional information and application solutions. The company's success is largely attributed to its OneSumX platform, a comprehensive tool designed to assist banks and financial institutions in managing regulatory risks and financial data efficiently. OneSumX integrates multiple solutions, offering flexible and adaptable risk and regulatory configuration parameters that enable clients to handle financial, risk, and compliance metrics effectively in a rapidly evolving market environment. Core Events Award-Winning Project 1: Integrated Regulatory Risk Solution for Indexo Bank One of the award-winning projects involves Indexo Bank, a prominent player in Latvia. Wolters Kluwer implemented the OneSumX for Regulatory Reporting and OneSumX for Risk modules into a fully integrated SaaS (Software as a Service) platform. This solution provides end-to-end compliance support for international standards such as FINREP, COREP, Basel III, and IRRBB. By adopting this platform, Indexo Bank has enhanced its ability to meet regulatory requirements, supporting its growth strategy and contributing to the economic prosperity of Latvian residents. Award-Winning Project 2: Data Transformation at a Major European Bank Another notable project honored at the A-Team Innovation Awards is the successful implementation of OneSumX for Finance at a large European bank. This initiative transformed a fragmented financial and risk system into a unified general ledger and central accounting and data hub. The platform’s modular design ensures data consistency across financial, contractual, counterparty, and reference data, reducing backend reconciliation needs and simplifying reporting processes. It also supports real-time monitoring and daily reconciliation, improving regulatory compliance and operational efficiency while lowering costs and system complexity. Solution Overview OneSumX is Wolters Kluwer’s flagship financial risk management platform. Its key features include: End-to-End Compliance: Supports a wide range of international financial regulatory standards, ensuring continuous adherence to FINREP, COREP, Basel III, and IRRBB. Data Integration: Centralizes financial, contractual, counterparty, and reference data to maintain consistency and reduce downstream reconciliation efforts. Real-Time Monitoring: Facilitates live tracking of financial and risk data, enabling daily reconciliations and enhanced compliance. System Optimization: Streamlines the banking architecture, reducing operational costs and complexity. Industry Impact Wolters Kluwer’s OneSumX platform has been praised for its significant advantages in addressing the regulatory and risk management challenges faced by the financial industry. The platform’s modular and flexible design allows institutions to adapt quickly to changing regulations and market conditions, improving their operational efficiency and reducing costs. Jeroen Van Doorsselaere, Global Vice President of Product and Platform Management at Wolters Kluwer’s Finance, Risk & Regulatory Reporting department, emphasized the value of their integrated approach and deep industry expertise, both crucial factors in their success. Industry Evaluation Industry experts view the OneSumX platform as a game-changer in the realm of financial compliance and data management. They highlight its innovative technology and the ability to seamlessly integrate various compliance and risk components, making it easier for institutions to stay ahead of regulatory requirements and optimize internal processes. The wins at the A-Team Innovation Awards reinforce Wolters Kluwer’s position as a leader in fintech solutions and recognize the company’s long-term commitment to driving digital transformation in the financial services sector. Company Profile Wolters Kluwer serves a diverse array of sectors, including healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, enterprise performance, and ESG (Environmental, Social, and Governance). In 2024, the company reported an annual revenue of €5.9 billion, with operations in over 40 countries and clients in more than 180 nations. With a workforce of approximately 21,600 employees, Wolters Kluwer continues to play a pivotal role in providing critical information and technology solutions. In summary, the dual wins at the 2025 A-Team Innovation Awards underscore Wolters Kluwer’s prowess in delivering cutting-edge financial compliance and data management solutions. The OneSumX platform, through its innovative design and robust capabilities, is set to continue leading industry transformations and ensuring that financial institutions remain compliant and efficient in an increasingly complex regulatory environment. Industry leaders see this recognition as a testament to Wolters Kluwer’s technological innovation and client-centric approach, solidifying the company’s status as a top player in the fintech sector.