BBVA automates UK risk and reg reporting with Wolters Kluwer’s OneSumX
Wolters Kluwer gains new client for OneSumX
BBVA’s subsidiary in the UK has opted for Wolters Kluwer’s OneSumX solution for regulatory reporting and liquidity risk management.
According to Marta Garcia, head of production management at BBVA in London, the bank “needed a comprehensive solution to ensure its UK regulatory obligations and liquidity risk are managed optimally”.
OneSumX will be interfaced to the Misys’ Midas core banking system at the back-end, which BBVA has been using for many years in the UK (as well as across other locations).
BBVA already uses OneSumX for risk management across its operations in the US.
Other banks that have signed up to use OneSumX over the last year include CIBC and Equitable Bank in Canada, ABLV Bank in Latvia, Sberbank in Russia and Bank of Jordan in the Middle East.
