Compliance Solutions | Wolters Kluwer
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OneSumX for Compliance Management

A comprehensive compliance toolbox for managing today’s global regulatory requirements.

An organization’s risks for non-compliance with regulatory requirements can result in legal sanctions, consent decrees, prosecution, liability suits, failed business strategies, and damage to reputation and brand. In extreme cases, non-compliance can threaten the existence of the organization. Compliance mandates can come from various regulatory bodies. Today’s financial services firms are under particular scrutiny from regulatory and enforcement agencies.

Compliance is not a revenue generating business function. However, it is a core component of managing enterprise risk and successfully executing business strategies. Hence, due to the extent of compliance demands, many organizations maintain large and growing compliance functions that increase their overall operational costs. The increasing number and complexity of regulations, continuing shortage of talent, and constant pressure from shareholders to reduce operating costs makes this a good time to consider Wolters Kluwer.
To be effective, compliance oversight of industry-specific regulations requires both knowledge of the regulatory requirements and associated expectations—and deep familiarity with the business context. Wolters Kluwer provides the expertise and technology required to move regulatory compliance up on the priority list. We help compliance report forward-looking compliance information that is explicitly relevant to strategy, including emerging compliance risks and trends—information that is of immediate strategic importance to the organization.

Working with Wolters Kluwer can enable financial organizations to improve allocation of resources; placing operational functions with a trusted partner who can execute them at high levels of quality, with responsiveness, cost-effective delivery models, and to free up internal resources for revenue-generating activities. While the organization remains responsible for compliance and any risks, OneSumX for Compliance can enable management to selectively employ a mix of internal and external resources to meet compliance demands.

Explore Insights

Banks Less Anxious About Risk, But Should They Be?

(Published February 1, 2019) Wolters Kluwer conducts a yearly survey of U.S. banks and credit unions to measure concerns about their ability to manage risks and regulatory compliance obligations. Compliance Week magazine reports on findings from the latest survey, which shows a decline in anxiety from the prior year's survey, but overall concerns remain relatively high.

Post TRID 2.0: Managing Potential Compliance Risk

(Published January 15, 2019) With updated TRID rules in effect, now is an ideal time for lenders to circle back and ensure implementation efforts hit the mark, are in compliance, and that disclosures match actual policies and practice. In this ABA Bank Compliance article, compliance expert Sue Burt provides guidance for lenders in complying with these revised rules.

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