Product excellence, innovation reflected in financial technology wins

Wolters Kluwer Compliance Solutions has won five 2021 Best in Biz International Awards for product excellence and innovation. The wins include a Gold-level distinction in the “Best New Product” category for Wolters Kluwer’s OneSumX® ProViso offering, which combines artificial intelligence and regulatory experts to help support financial institutions’ efforts in effectively managing the increasingly large scope, volume and scale of regulatory changes in the financial services industry.

Wolters Kluwer earned three Silver-level distinctions, winning twice under the “Best New Version of the Year” category for its iLien Motor Vehicle offering as well as for its OneSumX® for Compliance Program Management solution. Another Silver win was achieved in the “Enterprise Product of the Year/Financial Software” category for its iLien for Lien Management product. Wolters Kluwer’s Online Applications offering was also a winner, under the “Most Innovative Product of the Year” category.

“We are pleased to see these impressive industry accolades for our offerings, many of which have been developed through the direct and insightful feedback of our clients,” noted Steve Meirink, Executive Vice President and General Manager, Compliance Solutions. “We are grateful for those many inputs, which have been invaluable in creating solutions that have substantively enhanced lenders’ capabilities and, ultimately, helped them better serve their customers.”

With these wins, Wolters Kluwer also was placed on the coveted Most Awarded Companies list in this year's Best in Biz International competition, joining other leading companies showcasing stellar product origination, creativity and innovation.

Best in Biz International commended the winning entrants for their efforts, given “the continuing and unprecedented ramifications of the COVID-19 global pandemic on all companies and industries worldwide… Congratulations on not only surviving, but thriving, amidst the global and local challenges the pandemic has presented to all businesses, large and small,” noted Best in Biz program officials.

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.

Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, for example, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Compliance Solutions’ OneSumX® for Regulatory Change Management tracks regulatory changes and organizes them to create structured, value-added content through a single data feed that is paired with an easy-to-use software solution. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. The division’s legal solutions business are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,200 people worldwide.

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