MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer Compliance Solutions has earned three “Category Leader” quadrant recognitions in the Chartis Research GRC Solutions 2021 Market Update & Vendor Landscape Report. The quadrants in which Wolters Kluwer Compliance Solutions demonstrates superior product capabilities are Enterprise Governance, Risk & Compliance; Conduct & Controls; and Operational Risk Management.
The Chartis GRC report is highly respected in the risk management and financial services industries, providing a detailed view of the Governance, Risk & Compliance (GRC) landscape, top-performing vendors, and market trends for enterprise GRC solutions. As the report co-authors write:
“What started as an audit-focused discipline with several sub-segments has now broadened to encompass distinct areas that are risk disciplines in their own right. The rapid growth of GRC as a discipline has occurred because of increasing integration, a heightened focus on technology and operational issues, and the growing involvement of the front office. For many firms, GRC is now a salient business concern that is well worth investing in, and the COVID-19 pandemic has highlighted this strengthening trend.”
“The Chartis category leader honors represent the high level of domain expertise and product innovation excellence demonstrated by our team,” said Steven Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions. “More importantly, they illustrate the value that our Compliance Program Management capabilities is delivering to customers, whether in simplifying operational workflows, replacing manual with automated processes, managing risk, reducing costs, or enhancing an enterprise’s overall compliance program.”
The three GRC Report Category Leader wins add to recent Wolters Kluwer accolades from Chartis Research. Wolters Kluwer was ranked #7 overall in Chartis Research’s 2021 RiskTech100® report, a comprehensive study of the world’s leading risk and compliance technology companies.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, for example, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, 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 (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 2020 annual revenues of €4.6 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 approximately 19,200 people worldwide.