Comprehensive Software Reviews to make better IT decisions
Wolters Kluwer’s OneSumX Wins WatersTechnology Award, Best Market Risk Solution Provider
WatersTechnology journal has 35 years of industry experience that is relied upon by industry participants. Wolters Kluwer was top ranked in the Market Risk category thanks to its OneSumX Market Risk product.
According to WatersTechnology, “The solution helps clients to optimize their business, balance sheets and funding endeavors. It offers advanced risk metrics, a centralized data architecture and product modeling that enables product valuation, cash-flow generation and contract forecasting.”
Source: SoftwareReviews, Loan Management, Accessed December 17, 2019
The banking industry continues to experience growth in the complexity of the products it offers. which makes the measurement and ongoing management of risk increasingly more complex. When individual products are pooled into a group, the complexity of the risk and the potential for cross-correlation increases. Tools such as OneSumX help banks to better understand the risks their portfolios possess. As a peer-based review, the WatersTechnology award provides a validation point for Wolters Kluwer’s OneSumX product.
Finastra FusionPAYPlus attains SWIFT Certification, one of five global providers to achieve this status in Europe.
Optimal Blue adds competitive analytics to its BI suite.
Bottomline Technologies announces enhancements to its Digital Banking IQ (DBIQ) product with its Intelligent Engagement Suite.
Experian acquires Australian fintech “Look Who’s Charging” to supplement its banking transaction platform.
Gravity, a UK- based small and medium-size enterprise bank will use Finastra Fusion Essence Cloud Banking for loan and deposit book automation.
AU10TIX, an identity verification and biometric onboarding company, received a $60-million investment from TPG Capital, valuing the company at $260 million.