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Wolters Kluwer to boost liquidity risk management for Belgian bank NewB

Credit risk a top concern says Wolters KluwerBelgian ethical bank, NewB has selected Wolters Kluwer’s OneSumX for Risk Management in a bid to boost management of its Asset and Liability Management (ALM) requirements as its liquidity risk. The supplier’s ALM solution enables balance sheet modelling, stress testing and dynamic planning. Its OneSumX Liquidity Risk Management introduces a risk management, stress engine and regulatory reporting platform for helping firms to monitor, manage and report on liquidity risk.

“The goal of NewB is to offer simple and transparent banking services which follow the principles of sustainability and ethics. As such we require highly reliable and intuitive technology to ensure we manage our risk profile,” commented Jean-Christophe Vanhuysse, Executive Director at NewB. “Wolters Kluwer has an excellent reputation in the ALM and liquidity areas and so the company’s award-winning technology offers an excellent fit for us.”

Recently, Polish banking group mBank selected Wolters Kluwer’s OneSumX for Risk Management in a bid to use the company’s Asset and Liability Management (ALM) as well as Market Risk and profitability (Funds Transfer Pricing) solution.

“We continue to attract a range of clients across Benelux and beyond – not just for our risk offerings, but across all finance, risk and reporting areas,” said Kris Van Bavel, Managing Director of Wolters Kluwer’s Finance, Risk & Reporting (FRR) business in EMEA. “We are very much looking forward to working with NewB’s talented team on the implementation.”

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