Wolters Kluwer Introduces OneSumX® ProViso to Help Manage Financial Institutions’ Regulatory Obligations
Summary
NEW YORK--(BUSINESS WIRE)--Wolters Kluwer Compliance Solutions has introduced OneSumX® ProViso, 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. The offering was developed for larger institutions operating across multiple jurisdictions and thus challenged with managing the massive volume, breadth and scope of ongoing regulatory changes impacting their businesses. The result is a faster, less costly and more efficient process for comprehensively managing a financial institution ’s regulatory requirements in a compliant manner. “In the current regulatory environment, there are enormous costs and challenges for larger financial institutions in monitoring and keeping pace with the complexity and volume of thousands of state and federal regulatory obligations, requiring vast resources to ensure compliance with those obligations,” said Steve Meirink, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions. 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.