Wolters Kluwer Compliance Solutions has earned four American Business Awards for product innovation in the below categories:
- OneSumX® for Regulatory Change Management, Best Content Management Solution
- Expere® Language Translation, Best FinTech Solution
- TSoftPlus™, Most Valuable Technical Innovation
- CASH Suite™, Best FinTech Solution
In their comments, program judges pointed to the practicality and ease-of-use for Wolters Kluwer’s winning solutions in helping address longstanding needs. “Regulatory overload can grind a business to a pace that leaves them in the dust,” noted one judge assessing OneSumX for Regulatory Change Management. “This product streamlines the ability to track regulatory changes and move businesses up the value chain.”
Another judge viewed Expere Language Translation to be a “brilliant idea and offering that solves a business and social issue.” Commenting on TSoftPlus, which enabled lenders to expedite Paycheck Protection Program stimulus loans that helped save nearly 10 million U.S. small business jobs, a judge deemed it to be a “great innovation…TSoftPlus’ well-designed system scaled up well amidst high demand during COVID-19.”
CASH Suite, which earned a gold-level award, was admired for the “integrated nature of the offering to enable end-to-end loan lifecycle processes…CASH Suite is a wonderful fintech product that offers a comprehensive range of solutions in the commercial lending space.”
“Each of these winning solutions reflect a high degree of ingenuity, creativity, and technical prowess that, when combined with our unmatched domain expertise, have helped our customers address some of the most complex operational, workflow, and compliance challenges they face,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “The level of innovation represented by these prestigious award wins 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 service firms better monitor, identify, analyze and address regulatory changes impacting their organizations. Highly scalable, TSoftPlus software interfaces directly with the Small Business Administration’s loan application portal to facilitate small business lending. Expere Language Translation’s learning-based, artificial intelligence (AI) translation process system leverages legal and language translation domain expertise to provide lenders a seamless, integrated translation capability for loan origination systems. And CASH Suite software provides lenders a comprehensive financial analysis and risk management solution that promotes efficiency—and effective decisions—throughout the entire commercial lending lifecycle.
These American Business Award wins contributed to Wolters Kluwer being named a 2021 Grand Stevie® Award winner as Organization of the Year, based on the total number of awards the company garnered in this year’s competition. Now in its 19th year, the American Business Awards are part of the Stevie Awards program, recognizing the achievements and positive contributions of organizations and working professionals worldwide.
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 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.
Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, for example, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled 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 health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,200 people worldwide.