Company Announcements

Wolters Kluwer Compliance Solutions wins 2022 International Business Awards for product innovation

Cutting-edge technology, coupled with human compliance management expertise, lead to industry accolades

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 21, 2022-- Wolters Kluwer Compliance Solutions has earned three notable product excellence wins in the 2022 International Business Awards program. These accolades are for excellence in product innovation and include OneSumX® ProViso for best “Artificial Intelligence/ Machine Learning Solution;” OneSumX® for Regulatory Change Management for “Best GRC Solution;” and iLien Motor Vehicle in the “Best Cloud Application/SaaS Service” category.

“We are pleased to see peer-reviewed recognition of these highly successful Compliance Solutions offerings, which only further validate the positive experience and feedback shared by the professionals who utilize these tools to help them navigate the breadth, depth and scope of ever-evolving regulatory changes, as well as the challenges these lenders face in effectively managing motor vehicle titling and loan perfection,” said Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions.

All three of these winning offerings are part of Wolters Kluwer’s portfolio of purpose-built, high-growth solutions, designed to help its customers more effectively manage a range of complex risk and regulatory compliance challenges.

OneSumX® ProViso is an AI-based solution that leverages Wolters Kluwer regulatory expertise, content and technology to help financial institutions develop, maintain and prove compliance with their legal obligations to U.S. federal and state regulators. OneSumX® for Regulatory Change Management helps lenders consistently track federal, state, and regional regulatory changes relevant to their business, organizing the changes into structured, value-added content through a single data feed paired with an easy-to-use software solution.

iLien Motor Vehicle addresses lender and borrower pain points ranging from lags in the perfection process due to insufficient information and manual entry errors, to complexities involving jurisdictional regulations, to taxes and fees that can slow or jeopardize title processing, providing lenders an automated, single point of management for processing and managing motor vehicle titles.

This marks the 19th year of the annual International Business Awards, which are part of the coveted Stevie Awards program. Known as the “international Stevies,” the IBAs are open to all organizations worldwide: large and small, public and private, for-profit and non-profit. This year’s highly competitive program attracted more than 3,700 nominations from organizations of all types in 67 nations.

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, 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.

About Wolters Kluwer

Wolters Kluwer (AEX: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Media Contacts for Wolters Kluwer Governance, Risk & Compliance (GRC) Division
(including Wolters Kluwer Compliance Solutions; Wolters Kluwer Finance, Risk & Regulatory Reporting; Wolters Kluwer ELM Solutions, and Wolters Kluwer CT Corporation):

Paul Lyon
Senior Director, Global Corporate Communications: Global Marketing, Communications & Planning
Governance, Risk & Compliance Division
Wolters Kluwer
Office +44 20 3197 6586
Paul.Lyon@wolterskluwer.com

David Feider
Corporate Communications Manager, Banking & Regulatory Compliance
Governance, Risk & Compliance Division
Wolters Kluwer
Tel: +1 612-852-7966
David.Feider@wolterskluwer.com

Source: Wolters Kluwer