Wolters Kluwer Launches AI-powered OneSumX Reg Manager To enhance Regulatory Change Management
Wolters Kluwer Compliance Solutions recently launched OneSumX® Reg Manager, an innovative AI-powered tool specifically designed to help U.S. community banks and credit unions streamline their regulatory change management processes. This new addition to the OneSumX suite is customized to assist financial institutions in effectively navigating regulatory changes.
OneSumX Reg Manager is tailored to meet the unique requirements of community banks and credit unions, providing advanced workflow features to monitor, track, establish, and demonstrate compliance with state and federal regulations. By combining AI technology with a wealth of compliance knowledge, this solution offers a robust platform for efficiently managing regulatory landscapes.
Vikram Savkar, the Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions, emphasizes the advantages of OneSumX Reg Manager for community banks and credit unions. The tool includes an automated data feed of regulatory content from relevant U.S. state and federal agencies, along with AI-powered authoritative source libraries and updates. This enables institutions to stay informed about regulatory changes, assess their impact, and document the implementation of changes to reduce compliance risks.
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