“Our solutions address the major risk, finance and compliance requirements of financial institutions from all over the world,” says Kris Van Bavel, Vice President of EMEA. “We have a customer base of over 15,000 banking, insurance and security customers worldwide.”
Wolters Kluwer Financial Services provides proven solutions that empower professionals to make intelligent and clear-sighted decisions in a rapidly changing environment.
“Regulatory content changes and evolves regularly,” Mr. Van Bavel explains. “Our risk management solution analyses multiple forms of risk, including liquidity risk, capital management, credit risk, operational risk, market risk and ALM, all based on the same regulatory data. Financial application is an accounting area where banks work to standardize international accounts. The main benefit is that everything goes through one data management layer, which is more accurate as well as cost effective and efficient for external reporting.”
With 2,077 employees in more than 50 locations all over the world, Wolters Kluwer Financial Services earns revenue worth 330 million EUR, much of which is achieved in Europe. 2012 saw strong growth in the Asia-Pacific region, with impressive take up of the company’s solutions in countries such as India, Singapore and China.
In the future, Wolters Kluwer Financial Services plans to maintain its position by adding further functionality such as near real-time risk analysis, technical data management, growth of its solution capability and expansion into new markets.
Above all else, though, the major goal is always to be a reliable provider for its clients.