Wolters Kluwer Financial Services today announced that permanent tsb, a financial institution with branches throughout Ireland, has selected its OneSumX® Regulatory Reporting solution to help with Basel III implementation across the region.
permanent tsb chose Wolters Kluwer Financial Services after conducting an extensive search for a vendor that could provide a comprehensive regulatory reporting solution, subject matter expertise and localized implementation services and support.
“We chose the solution offered by Wolters Kluwer Financial Services as it meets our criteria for satisfying our reporting requirements,” said Declan Norgrove, Head of Finance, Corporate Development & Non-Core, permanent tsb. “The company offers us an effective solution to deliver on our CRD IV requirements.”
OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure consistency, reconciliation and accuracy. The solution enables firms to address statutory, prudential, transactional and statistical requirements on a local and global scale. Building on these capabilities, the solution will help permanent tsb meet all of the reporting directives of the Central Bank of Ireland as well as the Common Reporting (COREP) and Financial Reporting (FINREP) requirements outlined in the CRD IV.
“In today’s regulatory environment, financial institutions are confronted by more assertive and aggressive regulators and wider and more intrusive reporting requirements,” said Clive Pedder, managing director, EMEA, Wolters Kluwer Financial Services. “We are pleased that permanent tsb has recognized our continued commitment to developing solutions that meet our customers’ most challenging needs.”