Designed specifically for small banks and credit unions in the United States, this AI-enhanced solution helps them strengthen their regulatory change management procedures.

The creation of OneSumX Reg Manager is a calculated reaction to the complex regulatory obstacles that smaller financial institutions must overcome. Wolters Kluwer carefully crafted OneSumX Reg Manager in response to the demand for a tailored solution that addresses the particular requirements of community banks and credit unions, enabling a more efficient navigation through regulatory changes.

Wolters Kluwer Compliance Solutions is well-known for offering a wide range of tools that help financial institutions in the United States handle regulatory change more effectively. One notable accomplishment in the RegTech space is the OneSumX portfolio's ability to streamline intricate regulatory environments for bigger financial institutions.

OneSumX® Reg Manager sets itself apart by combining state-of-the-art artificial intelligence technology with a thorough comprehension of compliance regulations. Financial institutions will be able to monitor and respond to regulatory developments with previously unheard-of accuracy and efficiency because to this combination. The system offers a smooth regulatory tracking and compliance documentation procedure thanks to an automated workflow created especially to satisfy the needs of community banks and credit unions.

The product's structured data feed function, which compiles regulatory content from all relevant state and federal agencies in the United States, demonstrates its creative methodology. With the help of an authoritative source library and AI-powered capabilities, institutions may efficiently map out pertinent legislation, monitor their execution, and reduce compliance risks.

Early adopters like STAR Financial Bank have largely provided excellent feedback. The streamlined regulatory information center and user-friendly interface of the platform have greatly improved the effectiveness of compliance procedures.

Vikram Savkar, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions, highlighted the combination of AI and professional assistance that supports the solution's strong regulatory change management capabilities. He was enthusiastic about the beneficial effects OneSumX® Reg Manager is expected to have on community banks and credit unions.