Wolters Kluwer’s Compliance Solutions recently earned four 2019 Golden Bridge Awards for product solutions designed for its client firms in the financial services industry, the company announced in a press release.
The firm won a Golden Bridge gold award for its CASH Workflow commercial lending solution, two silver awards for its OneSumX regulatory compliance offerings and a bronze award for its Vanceo Mortgage automated loan operating system, the release states.
The annual Golden Bridge Awards program is designed to recognize the world’s best firms in terms of organizational performance, innovations, products and services, and customer programs from every major industry in the world.
Specifically, the firm’s compliance solutions division earned the following Golden Bridge Awards:
- Best B2B Services, CASH Workflow (Gold Award): A SaaS-based system, CASH Workflow helps commercial lenders better scale their operations and servicing workflows to ensure better compliance with defined processes without increasing overhead costs, the release states. The system digitizes the loan origination and servicing processes to reduce or eliminate paper handoffs between loan officers and departments, data entry bottlenecks, and duplicate data entry.
- Best Risk Management Innovation Solutions, OneSumX for Compliance Program Management (Silver Award). This solution boosts firms’ access to the latest regulatory compliance content, comprising the breadth of regulations that are enacted by legislative bodies globally and overseen by various regulatory agencies and which impact financial services firms.
- Best GRC Solution, OneSumX for Regulatory Change Management (Silver Award): The solution utilizes Robotic Process Automation and Artificial Intelligence to scan for regulatory developments globally. It also uses in-house regulatory experts to validate that output and deliver actionable, enriched regulatory insights to financial institutions operating anywhere in the world.
- Best Financial Products/Services, Vanceo Mortgage (Bronze Award): An automated loan processing system designed to help smaller lenders effectively manage the many elements needed to originate compliant loan transactions. The system provides real-time insight into loan origination details, identifying roles for the many individuals and lines of businesses that touch a loan, and providing greater transparency and ease of use throughout the lifecycle of a loan origination.
“These industry accolades help demonstrate and reinforce our longstanding commitment to providing solutions that enable financial services firms to improve operational workflows and processes, while also enhancing their ability to navigate an environment of dynamic, ongoing change in a compliant manner,” Wolters Kluwer Executive Vice President and General Manager Steven Meirink said in the release. “We continue to be laser-focused on delivering expert solutions for our clients to enhance their capabilities and customer offerings through these award-winning solutions.”
The business has won a record 23 industry awards in 2019, the release states.