Wolters Kluwer Financial Services, a provider of compliance and risk management solutions for the financial services industry, has expanded its enterprise risk management (ERM) offering, ARC Logics for Financial Services, to the European marketplace. The offering helps financial services professionals better understand and evaluate compliance, operational and financial risk across their entire organisations.
The ARC Logics for Financial Services solution suite combines the company’s Sword risk management technology platform with Wolters Kluwer Financial Services’ trusted European regulatory content and compliance expertise. Wolters Kluwer acquired the Sword solution in 2008, which has now officially become part of the ARC Logics offering.
The ARC Logics solution suite also draws upon the financial risk management and reporting capabilities of FRSGlobal, a part of Wolters Kluwer Financial Services that is used by 41 of the world’s top 50 banks. As a result, financial organisations, including former Sword customers, can use ARC Logics to collaboratively manage compliance, operational and financial risks, as well as internal audit, across all business lines and legal entities, and across multiple risk disciplines.
“Solvency II, Basel III and other global regulatory guidelines present organisations internationally with a number of new compliance and risk management challenges,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ enterprise risk compliance business. “ARC Logics provides them with the actionable regulatory intelligence and the tools they require to holistically and effectively manage these and compliance, operational and financial risks across their entire operations.”
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