Wolters Kluwer Compliance Solutions wins four American Business Awards
MINNEAPOLIS – (COMMERCIAL THREAD) – Wolters Kluwer Compliance Solutions won four American Business Awards for product innovation in the categories below:
- SumX® for managing regulatory changes, Best content management solution
- Experiment® Language translation, Best FinTech solution
- TSoftPlus ™, the most valuable technical innovation
- CASH Suite ™, Best FinTech solution
In their comments, the program judges highlighted the practicality and ease of use of Wolters Kluwer’s winning solutions to help meet long-standing needs. “Regulatory overload can drag a business at a rate that leaves it in the dust,” noted a judge assessing OneSumX for Regulatory Change Management. “This product streamlines the ability to keep up with regulatory changes and move companies up the value chain. ”
Another judge saw Exper language translation to be a “brilliant idea and an offer that solves a business and social problem”. Commenting TSoftPlus, which allowed lenders to accelerate paycheck protection program stimulus loans that have saved nearly 10 million jobs in U.S. small businesses, a judge found to be ‘A “great innovation … TSoftPlus’ well-designed system has grown well amid high demand during COVID-19. ”
CASH Continued, which won a Gold Tier award, was admired for the “integrated nature of the offering to enable end-to-end lending lifecycle processes … CASH Suite is a wonderful fintech product that offers a full range of solutions in the commercial lending space. ”
“Each of these winning solutions reflects a high degree of ingenuity, creativity and technical prowess which, combined with our unparalleled expertise in the field, have helped our clients address some of the most critical operational, workflow and compliance challenges. more complex they face, ”said Steven Meirink, executive vice president and general manager, Wolters Kluwer Compliance Solutions. “The level of innovation represented by these prestigious awards is truly remarkable. ”
OneSumX for Regulatory Change Management uses regulatory experts combined with robotic process automation and machine learning to enrich regulatory content that helps financial services companies better monitor, identify, analyze and address regulatory changes impacting their organizations. Highly scalable, TSoftPlus the software interfaces directly with the Small Business Administration loan application portal to facilitate small business loans. Expere Language Translation’s The Learning and Artificial Intelligence (AI) -based Translation Process System leverages expertise in the legal and linguistic translation field to provide lenders with integrated and transparent translation capability for editing systems. ready. And CASH Continued The software provides lenders with a comprehensive financial analysis and risk management solution that drives efficiency and effective decisions throughout the commercial loan lifecycle.
These American Business Award wins helped Wolters Kluwer be named Grand Stevie 2021® Winner of the organization of the year award, based on the total number of awards the company has won in this year’s competition. Now in his 19e Year, the American Business Awards are part of the Stevie Awards program, recognizing the achievements and positive contributions of organizations and professionals around the world.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The company, which is part of the Governance, Risk and Compliance (GRC) division of Wolters Kluwer, helps these financial institutions effectively manage the risks and regulatory compliance obligations, and obtain the information needed to better serve their customers and develop their business.
Wolters Kluwer’s GRC division offers a range of expert solutions to help financial institutions manage regulatory obligations and risks. eOriginal from Wolters Kluwer Compliance Solutions® A specially designed suite of digital lending solutions, for example, helps lenders digitize their transactions and offers electronic signatures, collateral authentication and an electronic safe. iLien Motor Vehicle from Wolters Kluwer Lien Solutions provides processing and management of motor vehicle titles and privileges, helping solve the most unique and complicated challenges of title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in providing integrated regulatory compliance and reporting solutions.
About Wolters Kluwer Governance, risk and compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with evolving regulatory and legal obligations, manage risk, increase efficiency and drive better business outcomes. . GRC offers a portfolio of technology expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the healthcare, tax and accounting, risk and compliance, finance and legal industries. Wolters Kluwer achieved 2020 annual sales of 4.6 billion euros. The company, headquartered in Alphen aan den Rijn, The Netherlands, serves customers in more than 180 countries, maintains operations in more than 40 countries and employs approximately 19,200 people worldwide.