Wolters Kluwer Expands Quiet RegTech Influence

Wolters Kluwer enhances RegTech leadership by integrating compliance, risk and regulatory software platforms.

Wolters Kluwer N.V. is expanding its role as an ever-important RegTech player by applying decades of legal, tax, and audit experience into cloud-based software seamlessly integrated into the professional processes.

Formerly finding itself as a publisher, the company has transformed into an offering of mission-critical solutions, which take the form of health, tax and accounting, legal, and governance, risk and compliance. Its RegTech philosophy consists of translating complicated regulatory regulations into well-structured and automated assessments that lessen hazards of compliance in banks, organizations and governmental agencies.

Wolters Kluwer has a Governance, Risk and Compliance business division in which it provides RegTech-based platforms, including OneSumX, which assist financial institutions around the globe in regulatory reporting and risk modeling, as well as in risk and compliance management. These systems encode changing regulations into software processes, with the assurance that they allow firms to comply more accurately and transparently with capital adequacy, ESG and prudential requirements.

The company changes to the wider RegTech strategy reflect the overall push of the company to subscription-based, cloud-first products that have high retention and integration ability. Incorporating regulatory intelligence into operations, Wolters Kluwer makes RegTech technology not an addition but the building block of regulated sectors.

According to executives and analysts, the continued interest in RegTechs at a time of increasing regulatory complexity is due to their preference for reliability rather than speed of response. The fact that Wolters Kluwer has had longer relationships with regulators and auditors is another dimension that separates it from other RegTech entrants that have emerged in the recent past.

With the growing compliance-related pressures in the global markets, the consistent growth in RegTech in the company represents how silent yet workflow-based innovation can add sustainable growth and sustainability in the enterprise software sector.