(BRIEF) Wolters Kluwer Compliance Solutions has introduced OneSumX® Reg Manager, a solution designed specifically to help U. S. network banks and credit unions meet the needs of the U. S. Compliance Agency. in the U. S. in its regulatory replacement control processes. This new addition to the OneSumX wallet suite leverages synthetic intelligence (AI) to provide enhanced workflow capability tailored to the expressed wishes of the network’s monetary institutions. By integrating AI with a comprehensive compliance experience, OneSumX Reg Manager offers a resilient tool for monitoring, tracking, and ensuring compliance with state and federal regulations. Early user feedback highlights its user-friendly interface and consolidated access to compliance-related information, streamlining processes and gaining better operational efficiency.
(PRESS RELEASE) ALPHEN AAN DEN RIJN, April 5, 2024 — /EuropaWire/ — Wolters Kluwer Compliance Solutions has introduced OneSumX® Reg Manager to help network banks and credit unions in the U. S. In the U. S. , the U. S. Department of Homeland Security has been involved in its regulatory replacement control efforts. This synthetic intelligence (AI)-powered solution represents the newest addition to the portfolio suite of OneSumX Compliance Solutions, a trusted product line designed to help U. S. monetary institutions improve their needs. The U. S. Department of Agriculture and Human Services (CDC) is working to better manage regulatory override.
“For many years, our multi-award-winning OneSumX Regulatory Change Management (RCM) offering has been a market leader in helping giant monetary establishments navigate regulatory complexity,” said Vikram Savkar, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions. “OneSumX Reg Manager is designed in particular to meet the desires of network banks and credit unions, providing a superior point of enhanced workflow features that their users monitor, track, set and comply with applicable state and federal regulations. “
OneSumX Reg Manager leverages the physically powerful features inherent in the broader portfolio suite and delivers a purpose-built workflow that largely aligns with the unique desires of network banks and credit unions. This new solution seamlessly integrates AI with extensive compliance expertise, offering a resilient tool. to navigate regulatory landscapes successfully and accurately.
“We’re excited to bring to those establishments the same point of regulatory replacement control functionality, powered through synthetic intelligence and backed by human experts, as provided by our market-leading OneSumX RCM solution,” adds Savkar.
OneSumX Reg Manager provides a structured and automated knowledge feed of regulatory content from all applicable U. S. federal and state regulatory agencies. It is a U. S. resource solution that uses authoritative source libraries and AI-enabled updates to monitor and track regulatory adjustments, map their applicability, and monitor the implementation of regulatory adjustments in a document that documents and mitigates the overall threat of non-compliance.
Initial responses from monetary establishments about this tool reflect its user-friendly functionality.
“Consolidating all regulations impacting our organization into a single platform eliminates reliance on multiple tools, websites, and emails, creating less difficult one-click access to compliance-related information,” said Tracy Hanlin, vice president and leader of compliance and network. Reinvestment in STAR Financial Bank in Fort Wayne, Indiana. This translates into more power for me and my team. “
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software and responses for healthcare professionals; taxation and accounting; monetary and corporate compliance; legal and regulatory; business functionality and ESG. We help our consumers make critical decisions every day by offering empowered answers that combine deep domain wisdom with generation and matrix.
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