EastWest Banking Corporation Expands Use of Wolters Kluwers OneSumX Software to Manage Market Risk and ALM
Summary
The Phillippines-based bank will implement the solutions to work alongside other Wolters Kluwer software modules, including OneSumX for Finance, which it has used for many years. The ALM component of OneSumX for Risk Management is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning. “Wolters Kluwer is a trusted technology partner of ours, having provided software that helps us manage our financial reporting obligations for many years now,” commented Grace Ang, Chief Risk Officer, at EastWest. Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins. Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors.