PARIS–(BUSINESS WIRE)–Milleis Banque has selected Wolters Kluwer to provide its integrated
regulatory compliance and reporting software. The bank will use Wolters
Kluwer’s OneSumX for Risk Management as well as OneSumX for Regulatory
Reporting to build a truly integrated risk and reporting framework.

AnaCap Financial Partners acquired Barclays French Retail Banking and
Wealth Management business in 2017 and subsequently rebranded it in May
2018 to become Milleis Banque – a firm with more than 100,000 wealth
management and retail clients.

Specifically, the bank will use OneSumX Asset and Liability Management
(ALM), a centralized data repository combining contract data, balance
sheet structures, counterparty and market data. It will also use OneSumX
Market Risk which offers all modern risk analytics and techniques, from
basic sensitivity and gap analysis, through more advanced Value at Risk
(VaR) techniques and into simultaneous dynamic simulation of credit and
market risk.

The bank’s use of OneSumX Credit Risk, meanwhile, will provide single
name and portfolio credit risk analysis by means of three components:
current and future exposures, expected and unexpected credit loss based
on stress and credit value-at-risk analysis, and credit value
adjustments.

The bank will also implement OneSumX for Regulatory Reporting. The
solution uses a single source of data to ensure consistency,
reconciliation and accuracy and includes the firm’s Regulatory Update
Service. This unique service is maintained by Wolters Kluwer experts who
actively monitor regulation in approximately 30 countries, allowing
clients to meet ever-changing regulatory requirements at all times.

Wolters Kluwer Finance, Risk & Reporting (FRR) business receives
frequent independent recognition of its excellence and innovation. In
mid-2018, Risk
magazine awarded the company its coveted Regulatory Reporting System of
The Year Award and Central
Banking magazine recently named OneSumX for Regulatory Reporting its
Best Technology Solution For Regulatory Compliance. Wolters Kluwer
FRR is also this year’s Category
Winner for Regulatory Reporting in the annual RiskTech100® report.
This comprehensive study of the world’s leading risk and compliance
technology companies is compiled by Chartis Research. Notably, this is
the seventh time in eight years that Wolters Kluwer FRR has achieved
this honor.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance (GRC) is a division of Wolters
Kluwer, which provides legal and banking professionals with
solutions to ensure compliance with ever-changing regulatory and legal
obligations, manage risk, increase efficiency, stay competitive and
produce better business outcomes. GRC offers a portfolio of
technology-enabled expert services and solutions focused on legal entity
compliance, legal operations management, banking product compliance, and
banking regulatory compliance.

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information
services and solutions for professionals in the health, tax and
accounting, risk and compliance, finance and legal sectors. Wolters
Kluwer reported 2017 annual revenues of €4.4 billion. The company,
headquartered in Alphen aan den Rijn, the Netherlands, serves customers
in over 180 countries, maintains operations in over 40 countries and
employs 19,000 people worldwide.

Contacts

Paul Lyon
Director of Global Corporate Communications, Banking &
Regulatory Compliance
Governance, Risk & Compliance
Wolters
Kluwer
Office +44 20 3197 6586, Mobile +44 77 6539 1824
Paul.Lyon@wolterskluwer.com