18 December 2017
visit www.aciworldwide.com

China Everbright Bank opts for Wolters Kluwer’s OneSumX for regulatory reporting

07 November 2017  |  1993 views  |  0 Source: Wolters Kluwer

China Everbright Bank (CEB) has chosen Wolters Kluwer’s OneSumX Regulatory Reporting to provide its regulatory reporting software for its operations in Luxembourg.

OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.

CEB (Europe) S.A., a wholly owned Luxembourg-based subsidiary of the bank, was granted a license by the European Central Bank and started operations in July 2017. CEB was established in August 1992 and is headquartered in Beijing, as a national joint-stock commercial bank approved by the State Council of China and the People’s Bank of China. The bank was listed on the Shanghai Stock Exchange in August 2010 and the Hong Kong Stock Exchange in December 2013.

In the past few months leading financial services firms from across the world have implemented the OneSumX solution for Regulatory Reporting, Risk and Finance (including IFRS 9 solutions). Major financial services providers that have recently announced their use of Wolters Kluwer include LGT, Nordea, BBVA, CIBC, Australia’s Queensland Treasury Corporation and The Swedish Export Credit Corporation.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11283 views comments | 3 tweets | 3 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10258 views comments | 21 tweets | 24 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7790 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7499 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7432 views comments | 6 tweets | 26 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job