FinTech partners with Wolters Kluwer for compliance

Wolters Kluwer has partnered with Numerated, a FinTech company providing real-time lending and growth automated.

The partnership will combine Numerated’s automated, credit decisioning capabilities with Wolters Kluwer library of over 20,000 regulatory compliance lending documents.

Its library includes E-Forms, which enable lenders to streamline their documentation processes to help ensure compliance with all regulatory requirements.

They also maximise the productivity of internal resources, and reduce turnaround times, all via a single, trusted document library. Its multiple technology formats are designed to meet varying platform system requirements, and its ongoing updates allow lenders to respond to legal and regulatory changes quickly to keep them in compliance.

“Numerated offers a real-time lending experience to businesses, and many of their clients are already benefiting from business growth and more profitable lending operations,” said Art Tyszka, vice president, partnerships and new products for compliance solutions, a business in Wolters Kluwer’s Governance, Risk & Compliance division.

“Our partnership with Numerated is an important part of our mission to help ensure banks meet their regulatory compliance obligations while helping expand our presence in the marketplace.”

Wolters Kluwer’s Governance, Risk & Compliance (GRC) division provides legal and banking professionals with solutions to 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. Headquartered in Alphen aan den Rijn, the Netherlands, the company serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

Earlier this year, Bendigo and Adelaide Bank expanded their regulatory reporting solutions in Australia by partnering with Wolters Kluwer. The Australian bank will implement Wolters Kluwer’s OneSumX Regulatory Reporting which uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service.

ABN AMRO, the third largest bank in the Netherlands, also recently chosen Wolters Kluwer and SAS to meet regulatory compliance. The bank said it also chose Wolters Kluwer and SAS to provide a truly integrated finance, risk and regulatory reporting software solution.

Copyright © 2018 FinTech Global

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