Wolters Kluwer Triumphs With Four “Category Leader” Designations and One “Best-of-Breed” Honor in Chartis Research GRC Report

Wolters Kluwer has been recognized for domain expertise in a number of major governance, risk and compliance spaces as part of the RiskTech Governance, Resilience and Compliance Solutions Vendor Landscape Report published by Chartis Research. In earning distinctions across five RiskTech quadrants in the report, the company won four “Category Leader” designations as well as one “Best-of-Breed” honor.

Wolters Kluwer Financial & Corporate Compliance (FCC) earned Category Leader wins for Regulatory Intelligence, eGRC, and Third-Party Risk Management Solutions, along with a Best of Breed designation for GRC Analytics. Wolters Kluwer Corporate Performance & ESG won a Category Leader designation for Audit Risk Management Solutions.

“These designations are a tremendous achievement in highlighting our capabilities across a number of key areas critical to the success of our customers,” said Chuck Ross, Vice President and Segment Leader, Investment Compliance Solutions & Compliance Program Management, Wolters Kluwer FCC. “In leveraging the latest technologies, combined with a highly knowledgeable and experienced team, our approach is providing financial institutions an unmatched level of expert, augmented intelligence, which is helping guide, streamline and optimize their risk management and regulatory compliance efforts.”

Chartis defines Regulatory Intelligence as its newest “core” to GRC solutions, as the sheer volume and potential magnitude of regulatory changes demand sophisticated tools capable of discovering, navigating, and interpreting regulatory content and related business and risk obligations.

“With regulatory environments becoming more intricate, Chartis believes that regulatory Intelligence has become a center post for effective corporate governance integrated with classic GRC systems, supporting all three lines of enterprise defense monitoring, search and discovery, content analytics, regulatory inventory management and horizon scanning,” writes Chartis. “This includes advancements in natural language processing for faster and more efficient monitoring and interpretation of complex regulatory documents, along with predictive modeling to foresee regulatory shifts, thereby reducing compliance costs and accelerating value.”

“We are pleased to be recognized as a category leader by Chartis in this prestigious industry report,” said Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer TeamMate. “We are proud to provide best-in-class audit and assurance expert solutions and are committed to continuous innovation to harness advanced technologies that support our clients today and into the future.”

Chartis defines category leaders as those firms that “combine depth and breadth of functionality, technology and content with the required organizational characteristics to capture significant share in their market.” Best-of-Breed winners similarly demonstrate significant market share and are “often distinguished by a growing client base, superior sales and marketing execution, and a clear strategy for sustainable, profitable growth.”

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms. The business sits within Wolters Kluwer’s Financial & Corporate Compliance (FCC) division, helping these financial institutions efficiently manage risk and regulatory compliance obligations.