Luxembourg
08 November 2017
Reporter: Stephanie Palmer

Another mandate win for Wolters Kluwer


China Everbrite Bank (CEB) has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe).

OneSumX provides a suite of products for managing governance, finance risk and compliance requirements. The reporting solution uses a single source of data to maintain consistent and accurate regulatory reporting and reconciliation.

It is maintained by Wolters Kluwer staff, who monitor regulatory changes in around 50 countries, making sure the solution is current at all times.

The mandate is the latest in a string of high-profile adoptions of the OneSumX solution. It was selected by Warsaw-based bank Polskiej Spóldzielczosci in October, and by Nordea Bank Russia and CIBC earlier in the year.

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