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TPBank selects Wolters Kluwer’s OneSumX IFRS9
January 28, 2021 GMT
Vietnam’s Tien Phong Commercial
Joint Stock Bank (TPBank) has chosen Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business to provide software for helping to ensure compliance with International Financial Reporting Standard (IFRS) 9. The bank will use OneSumX IFRS 9, a module of OneSumX for FRR, for managing its obligations around the accounting standard which is set to be implemented in Vietnam in 2023.
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OneSumX IFRS 9 offers a solid framework combining lifecycle information on each individual financial instrument with a comprehensive set of IFRS 9 calculators. The resulting numbers are recorded in a transparent, traceable, and auditable contract level IFRS subledger. The solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting too
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Wolters Kluwer FRR enjoys record year for independent industry recognition
Wolters Kluwer s Finance, Risk Regulatory Reporting (FRR) business has won three major awards with leading industry publications.
IBS Intelligence has named the company s OneSumX for FRR solution as being the Most Impactful in Risk Management and the Most Impactful in Compliance/RegTech in its Global FinTech Innovation Awards, 2020.
Regulation Asia, meanwhile, has named the software its Best Solution in Regulatory Reporting in its Awards for Excellence, 2020.
Established in 1991,
IBS Intelligence, a member of Cedar Group, is a highly regarded global FinTech news, research and analyst firm. It is the second year running that Wolters Kluwer FRR has won in the Compliance/RegTech category and the first time the company has triumphed in the risk category.