Wolters Kluwer’s solution selected by Toyota Finance Australia

Source: IBS Intelligence 2020-07-13

Toyota Finance Australia has selected the OneSumX for Regulatory Reporting solution by Wolters Kluwer as its regulatory reporting software. The solution will enable Toyota Finance Australia to meet the regulatory reporting requirements of the Australian Prudential Regulation Authority (APRA).

“After careful examination of all the options available to us, we opted to use Wolters Kluwer due to its award-winning technology, content rich regulatory offering and the platform’s add on features,” commented Jehad Hawli, Finance Systems Manager at Toyota Finance Australia.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. The service is maintained by Wolters Kluwer experts who monitor the regulation in 30 countries.

“Meeting APRA requirements is vital and so it’s equally important to have the experts in the regulatory reporting field provide the technological know-how,” added Pasquale Guerrera, CFO at Toyota Finance Australia.

“We are delighted that Toyota has chosen to implement our OneSumX regulatory software,” said Rainer Fuchsluger, Managing Director of Wolters Kluwer’s Finance, Risk & Reporting (FRR) business in APAC. “We continue to attract a wide range of financial services clients across Australia and beyond and look forward to working with Toyota’s team on this important project.”

Wolters Kluwer FRR is part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division. It provides integrated regulatory compliance and reporting solutions and supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

Toyota Finance Australia

Wolters Kluwer

OneSumX

regulatory reporting

Wolters Kluwer’s solution selected by Toyota Finance Australia

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