Wolters Kluwer Compliance Solutions Wins More Awards

Wolters Kluwer’s Compliance Solutions business has won yet more industry awards, taking 2019’s total to a record 30 accolades. It has earned three “Category Leader” quadrant recognitions in the Chartis Research Enterprise GRC Solutions 2019 Market Update & Vendor Landscape report. The quadrants in which Wolters Kluwer Compliance Solutions demonstrates superior capabilities include Enterprise Governance, Risk & Compliance; IT Risk Management; and Operational Risk & Conduct Risk.

The Compliance Solutions business also placed in Chartis’ “Best of Breed” quadrant for its Compliance Program Management capabilities which help financial services customers manage Third-Party Risk.

The Chartis report provides an updated view of the market and vendor landscape for enterprise governance, risk and compliance (eGRC) solutions, along with a brief summary of key market trends.

“The indirect but pressing influence of regulation, combined with more concrete market governance standards, has continued to drive demand for GRC solutions,” according to the Chartis report. “As financial institutions become accustomed to the insight and efficiency enabled by GRC analytics, significant demand and investment in these tools across all the GRC sub-segments will become the ‘new normal.’”

“These recognitions by Chartis Research are a tremendous accomplishment by our team and demonstrate the considerable benefits that our Compliance Program Management expertise and product functionality can bring to customers, whether in replacing manual with automated processes, simplifying workflows, reducing costs, or enhancing an enterprise’s overall compliance program,” notes Steven Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions.

Just last week the business  announced it has won a 2019 Best in Biz Award as well as a Finance Monthly 2019 Fintech Award for its Vanceo Mortgage solution. The offering was named a Gold winner in the Enterprise Product of the Year, Financial Software category by the 2019 Best in Biz Awards program, and Loan Processing System Launch of the Year, 2019 Fintech Awards, by Finance Monthly magazine.

In sharing the news about Vanceo’s Gold-level win, the Best in Biz Awards noted that “with a particularly competitive field in the ninth annual program and a high percentage of entrants missing this year’s distinction, this is truly an accomplishment to applaud.”

As recently announced, Wolters Kluwer was ranked #8 overall in Chartis Research’s latest RiskTech100® report, a comprehensive study of the world’s leading risk and compliance technology companies, achieving a six-place rise from last year’s rankings that represents one of the largest jumps in the report.

Compliance Solutions, part of Wolters Kluwer’s Governance, Risk & Compliance division, is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business helps these financial institutions efficiently manage compliance obligations tied to loan and deposit origination transactions and workflows, manage risk and other regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.