Wolters Kluwer wins third consecutive FTF News Innovation Award for Operational Risk Management excellence

Wolters Kluwer Compliance Solutions has earned a 2022 FTF News Technology Innovation Award for its OneSumX® for Operational Risk solution, marking the third consecutive year in which this technology has earned top honors for excellence in product innovation.

The FTF News Innovation Awards are a highly regarded, fiercely competitive, and merit-based international award program. Wolters Kluwer’s winning submission centered on the addition of several key upgrades, including improved functionality that expedites uploading of bulk data, the expansion of use cases and workflows that help track loss events, and further refinements in reporting and data extraction capabilities. These updates have provided a better user experience and overall product performance while ensuring conformance to the latest technology and industry security standards.

“For more than two decades, OneSumX for Operational Risk has been essential in helping our financial services clients automate and simplify the work of collecting, storing, analyzing, tracking and reporting on information vital to maintaining their operational risk frameworks,” said Steven Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions. “Winning an award once is an achievement; winning three years running is a testament to the ongoing excellence and innovation demonstrated consistently by this offering.”

As a purpose-built risk and compliance platform, OneSumX for Operational Risk allows banks, insurers and other financial services organizations to automate labor-intensive review and assessment processes, aggregate risks, produce high-quality enterprise reports and data extracts, and ensure the consistent delivery and currency of an organization’s policies and procedures.

FTF News was founded in 2006 by an experienced team of publishers and journalists, with backgrounds at Dow Jones, Trading Technology Week, Waters Technology and other leading financial news services. Its U.S.-based team is highly-respected and its annual awards are regarded as being among the preeminent accolades celebrating excellence and innovation in financial technology.

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.