Warsaw-based Bank Polskiej Spóldzielczosci (BPS) has selected Wolters Kluwer’s OneSumX for Risk and OneSumX for Regulatory Reporting.

The bank will use OneSumX to support Liquidity Coverage Ratio (LCR), Additional Liquidity Monitoring Metrics (ALMM), Net Stable Funding Ratio (NSFR) and Assets Encumbrance Regulatory Reporting in Poland.

“We required a system in which risk and regulatory reporting were integrated in an optimal and seamless way. Wolters Kluwer provides this capability,” said Maja Kraszewska, director of the financial risk department at Bank BPS.

Kris Van Bavel, managing director for EMEA at Wolters Kluwer, added: “Our integrated risk and regulatory reporting platform, supported by our detailed understanding of the Bank’s business needs and strong local presence were some of our key differentiators in the RFP process. We are delighted to have Bank BPS as a new customer in the region and look forward to working with them on the implementation.”

Founded in 2002, BPS is the 15th-largest bank in Poland by assets, and operates around 350 cooperative bank branches in the country.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com