E.SUN Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
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  • E.SUN Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

    May 19, 2020

    Taiwan’s E.SUN Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software, with its Sydney branch being the first location to implement the solution in order to meet the regulatory reporting requirements of the Australian Prudential Regulation Authority (APRA). The bank is also considering rolling out the Wolters Kluwer solution in other countries.

    OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.

    The E.SUN Commercial Bank, commonly known as E.SUN Bank was founded in 1992, has 139 branches in Taiwan and branches in Australia, the U.S., Hong Kong, Singapore, Vietnam, Japan and Myanmar.

    Wolters Kluwer Finance, Risk & Reporting (FRR), which is part of the company’s Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

    Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins in 2019. Risk magazine recently awarded the company its coveted Regulatory Reporting System of The Year Award for the second year running and Waters Technology has named the company the Best Market Risk Solution Provider in its annual Technology Rankings. Wolters Kluwer is also the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis Research.