Turkish Bank Adds Wolters Kluwer's Risk Solution

Türkiye Finans Katılım Bankası, a subsidiary of Turkey’s National Commercial Bank, has selected Wolters Kluwer’s OneSumX GRC solution to help manage operational risk across its 280 branches in Turkey.

Following a two-month review, Türkiye Finans selected OneSumX GRC to support the bank’s “existing operational risk model by automating and helping to simplify the process of collecting, storing, analyzing, tracking and reporting on information relevant to operational losses, risk and control assessments, definition and management of key risk indicators and scenarios,” says Wolters Kluwer.

“In today’s regulatory environment, an effective operational risk framework is essential for financial organizations, enabling them to make smart, forward-looking decisions that help drive the long-term success of their organizations,” says Richard Pike, vice president of market management, EMEA, Wolters Kluwer Financial Services. “We are pleased that Türkiye Finans has recognized the continued commitment we’ve made to developing solutions that meet our customers’ most pressing needs.”