Wolters Kluwer partners with Numerated to bring “industry-leading” compliance to banks
Wolters Kluwer, a market leader in the global information services space, has partnered with Numerated to offer “industry-leading” compliance to banks. The company will combine its own comprehensive library of more-than 20,000 regulatory compliance lending documents (including EE-Forms) with Numerated’s “automated, credit decisioning capabilities.” Numerated is an expert at advising banks in digital transformation, including sales and marketing tools, and will bring a similarly forward-thinking approach to compliance.
Wolters Kluwer’s share price has risen by 18% so far this year
SOURCE: Yahoo Finance
The goal for the partnership is simple: to create a digital library, including automated services, that will let banks quickly respond to legal and regulatory changes and stay compliant. It should be faster, more effective, and lower-cost than the methods currently on offer.
Dan O’Malley, the founder and CEO of Numerated, praised Wolters Kluwers’ expertise and professionalism in a press release, saying: “Wolters Kluwer’s unparalleled industry expertise has long established them as a clear leader in compliance documentation, making them a natural partner for us.”
Art Tyszka, Wolters Kluwers’ vice president of partnerships and new products for compliance solutions (part of the company’s governance, risk & compliance division), added: “Numerated offers a real-time lending experience to businesses, and many of their clients are already benefiting from business growth and more profitable lending operations. Our partnership with Numerated is an important part of our mission to help ensure banks meet their regulatory compliance obligations, while helping expand our presence in the marketplace.”
Dominion holds Wolters Kluwer in its Global Trends Managed Fund.
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