Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) business has launched a China specific version of its award winning OneSumX for Risk Management, part of the company’s OneSumX for FRR solution.
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“This product launch is an incredibly exciting opportunity to further extend our domain expertise and leading technology to China. In fact, OneSumX for Risk Management offers our clients a competitive advantage through its truly integrated platform for multiple risk classes, allowing reconciliation and consolidation with Finance beyond Regulatory Analytics”
OneSumX for FRR is a best-in-class integrated regulatory compliance and reporting solution suite that establishes a single source of data for finance, risk and regulatory reporting that is enriched with value-added content from in-house experts. The OneSumX for Risk Management module empowers financial services firms to deliver processes, best practices, regulatory intelligence, and the analytics required of businesses in a highly regulated industry. OneSumX for Risk Management not only helps achieve regulatory compliance, but delivers superior business value, seamlessly combining Financial Risk Management with Regulatory Analytics across multiple Risk classes.
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The localized Chinese version will specifically cover Asset Liability Management, Economic Capital, Market Risk, Interest Rate Risk in the Banking Book, Stress Testing and Liquidity Risk (including Liquidity Coverage Ratio, Net Stable Funding Ratio and High Quality Liquid Assets). Ultimately the solution will also include all Regulatory Analytics calculations – covering Credit Risk, Risk Weighted Assets (RWA) and Market Risk RWA. Through combined use with OneSumX for Regulatory Reporting, clients will have access to a full suite of Regulatory Analytics and Reporting functionality.
Wolters Kluwer FRR recently hired Benjamin Jing as Vice President of Sales and Business Development for its operations in China. Jing has 30 years of experience in leading business transformation and growth at various international and local teams in the country. Previously, he worked for Vanda Group (part of PCCW Solutions), as Assistant Vice President in charge of more than 100 staff in its Financial Services unit. He has also held a number of leadership positions in his career at Oracle, IBM, Infosys, Teradata, also working at local and global banks as well as insurance firms.
