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ČSOB Chooses Wolters Kluwer’s OneSumX for Risk Management
Československá obchodní banka (ČSOB) has chosen Wolters Kluwer’s OneSumX software to support its Treasury department.
OneSumX provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance, increasing organizational profitability, efficiency and growth.
ČSOB, which is owned by Belgium’s KBC Bank, will use OneSumX for Risk Management, implementing the solution for its Treasury (ALM) department to oversee its funds transfer pricing (FTP) system.
The FTP component is based on Wolters Kluwer’s integrated platform, which performs the assignment of FTP rates and calculation of spreads per deal, thus enabling calculation of business units profitability, as well as balance sheet analysis and management.
“ČSOB’s adoption of our software is another important validation of our leading position in the risk management space through our OneSumX solution,” notes Kris Van Bavel, managing director, EMEA, for Wolters Kluwer’s Finance, Risk & Reporting business. “We very much look forward to continuing our work with the bank on the implementation and on a further roll-out of our risk management solution.”
Other banks that have recently signed up to use OneSumX include BGFI, Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas and Mizuho Bank.
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The Rise of Private Credit and the Need for Flexible Loan Servicing
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
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Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
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